Most of you have received your appraisal notices for 2020 and are concerned about the amount that your property has increased.
You are probably wondering why, in the middle of this pandemic, values have been proposed at higher numbers than last year. The problem has multiple answers.
First, state law requires that appraisals be done based on January 1 value. On that date, no one could have anticipated what the virus would do to our world. We had to look at recent sales in 2019 to estimate the values for 2020.