The Briefing Room

State Chapters => Texas => Topic started by: Elderberry on August 07, 2018, 11:29:07 pm

Title: MCAD faces lawsuits from large commercial and industrial properties (Waco)
Post by: Elderberry on August 07, 2018, 11:29:07 pm

WacoTrib by Tommy Witherspoon 8/7/2018

The owners of a dozen commercial or industrial properties have filed lawsuits against the McLennan County Appraisal District, challenging this year’s appraisals as unfair, excessive and not equal to similar properties.

Mars Chocolate North America, formerly M&M Mars candy company; Wrigley Manufacturing, a Mars subsidiary; Walmart and its subsidiary, Sam’s; Hollywood Theaters; Walgreens; Harvest Lakeshore Estates Retirement Center; Brazos Village Apartments; and Grayhawkesdene L.P. are among companies that have filed lawsuits since the middle of June challenging their appraisals.

“It is pretty much a common thing,” Drew Hahn, MCAD chief appraiser, said of the lawsuits. “We will have to look and see if there is anything that we feel is different about them versus anybody else, or if there have been changes in their property, and if we need to we can make adjustments. We will just have to check it out.”

The MCAD review board heard 18,639 property appraisal protests this year, compared to 15,422 the previous year. Seventy-one lawsuits were filed against MCAD in 2017, according to MCAD figures.

Joe Don Bobbitt, assistant chief appraiser, said property owners have 60 days from the date of receiving appraisal notices to file a lawsuit.

Retail giant Walmart is suing over appraisals on its McLennan County locations, including 600 Hewitt Drive, appraised this year at $13.5 million, up from last year’s $11.2 million; 1521 Interstate 35, $11.7 million, up from $10.9; and 4320 Franklin Ave., $12 million, up from $10.5 million in 2017.

More: https://www.wacotrib.com/news/business/mcad-faces-lawsuits-from-large-commercial-and-industrial-properties/article_405f97ed-436c-5d75-a60e-414d15a693ba.html (https://www.wacotrib.com/news/business/mcad-faces-lawsuits-from-large-commercial-and-industrial-properties/article_405f97ed-436c-5d75-a60e-414d15a693ba.html)

Title: Re: MCAD faces lawsuits from large commercial and industrial properties (Waco)
Post by: Smokin Joe on August 08, 2018, 10:33:02 am

Meh. They didn't even double 'em. Not like around here  where commercial lot appraisals went up as much as 12X in one year.