~$3M in Value Reduction

Estes & Banks Tax Advisory > Multifamily > ~$3M in Value Reduction

The smallest reduction of our documented cases, and arguably the most valuable one — because the notice was already close to fair before we ever protested it.

VALUE REDUCTION
$3.17M
2024 tax year
Savings
Roughly $58,000
single tax year
Specifics
Continuous since 2020
resolved by mediation

The Situation

An apartment community we had represented since 2020. Each year’s protest built on the record from the year before, and each year’s final value became the anchor the appraisal district had to work from the next time.

What We Found

By 2024 the district’s noticed value of $28.27 million was already much closer to a defensible number than it would have been without that history. Under the Texas Tax Code, once a value has been lowered through the protest or appeal process, the chief appraiser cannot simply raise it back the following year without clear and convincing evidence tied to the property.

The Solution

We protested, supported the position with expert evidence, and resolved the matter through mediation rather than a full trial — a proportionate path given how close the starting number already was.

Need Assistance?

Send us the property and we will take a look.

Results

Value reduced from $28.27 million to $25.10 million, a $3.17 million cut producing roughly $58,000 in tax savings at the 1.831% rate.

Why It Mattered for the Owners

The largest single-year reduction is not always the best outcome. An owner who never receives an inflated notice in the first place has already won something that will never show up as a refund — which is the case for continuous representation, not a single protest.

Results vary based on many variables. Past results do not guarantee a similar outcome; every matter is decided on its own facts.

Stop overpaying on your Texas Commercial Property Taxes