Critics have argued that the appraisal system has become increasingly stacked against homeowners over the last 20 years by rules that make it easier for commercial and industrial property owners to win large reductions in their values via a process known as equity appeals. Those appeals have shifted the tax burden toward homeowners over time, Austin officials argue.
The lawsuit suggests that requiring the disclosure of sales prices of real estate transactions would go a long way toward addressing the problem. Texas is one of a handful of states that do not require such disclosures for appraisal purposes.
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