AFS Cinema
Bad for Property Values and Bad News for the City
RECEIVED Tue., Aug. 4, 2009
Dear Editor,
The Travis County commissioner refuses to audit the tax rolls for the 35-plus properties that were found to be undervalued by more than $120 million [“No Fair Share? Property Tax Report Provokes a County Review.” News, July 17]. County Judge Sam Biscoe said that he would not support an audit. The numbers are very troubling, because these are hundreds of millions of dollars in tax revenue that could be benefiting our community and local economy. The tax rates continue to go up for residents of Austin, while million-dollar commercial properties are undervalued by millions lower than the sale price on tax forms. This is bad for property values and bad news for our city.
The Travis County commissioner refuses to audit the tax rolls for the 35-plus properties that were found to be undervalued by more than $120 million [“No Fair Share? Property Tax Report Provokes a County Review.” News, July 17]. County Judge Sam Biscoe said that he would not support an audit. The numbers are very troubling, because these are hundreds of millions of dollars in tax revenue that could be benefiting our community and local economy. The tax rates continue to go up for residents of Austin, while million-dollar commercial properties are undervalued by millions lower than the sale price on tax forms. This is bad for property values and bad news for our city.
Krissy Acevedo