Border Report by Sandra Sanchez 8/25/2020
EXCLUSIVE: Private border wall property valued at $20M; unprecedented tax-roll boost possible
The South Texas land where a 3-mile controversial private border wall was built earlier this year has been valued at $20.2 million, which has resulted in an estimated tax bill of nearly half a million dollars that would substantially boost the county and school district’s tax rolls, according to documents obtained exclusively by Border Report.
The Hidalgo County Appraisal District sent a letter to the landowner, sugar cane farmer Lance Neuhaus, of Neuhaus & Sons, advising him that his property south of Mission, Texas, has been valued at millions more than the previous year because of the private border wall structure. The appraisal district estimates that Neuhaus owes $434,773 in 2020 property taxes for the two plats of riverfront property on which he allowed Fisher Sand & Gravel to build the private border wall in January.
The taxes due are up astronomically from the 2019 valuation of $272,000 for the two plats of property before the private wall was built, according to the 2020 tax appraisal documents sent to Neuhaus.
The amount increased so much that the Hidalgo County Appraisal District, which establishes the market value for all properties within the county, prepared an eight-page “Border Wall Analysis†booklet and sent it to the property owner with the new market valuations.
More:
https://www.borderreport.com/top-stories/exclusive-private-border-wall-property-valued-at-20m-unprecedented-tax-roll-boost-possible/
