Conducting research on appraisal techniques used by local Central Appraisal Districts v. licensed real estate appraisers and real estate professionals produces a common theme............flawed cost-based assessments are a common cause of unlawfully high property taxation. These flawed methods of assessment require property owners to fight annually for correct assessments.
It appears to be a fact that CAD appraisers impose excessive, flawed assessments because they often employ error-prone appraisal methods in the interest of expediency. At one of the local coffee shop round tables a local gentlemen who has completed extensive homework on Central Appraisal District issues stated "the technique of mass appraisals is a flawed system and penalizes property owners. Property owners have to review their valuations each and every year are they might end up paying more property taxes than they should. The system of mass appraisal is not perfect, and property owners must remain vigilant with their valuation reviews each year."
Based upon this gentleman's comments it appears that on the surface the possibility of conspiracy does exist between taxing entities and Central Appraisal Districts. After all who stands to lose if appraised values should decrease? Not the taxpayer!
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