After having fought absurd apprasals the past five years I'm personally ready for a cap, I've spent more time talking to the apprasal board than I have filing income tax forms and I've gotten just about as far (turned down five out of five even with professional apprasals to back up my claim).
They were limited on how much they could raise the rate so they just jacked up the apprasal and, as best as I can tell, they just made it up out of thin air.
Unlimited valuation has been a sure invitation to robbery.
Sure you do. You can always buy a bigger or smaller house. As a supply sider, I want the tax code to have the smallest impact on my economic decision making. If the tax code causes me to change my decision making, it creates a "deadweight loss". That's what Gov. Perry is creating here, a "deadweight loss".
Ditto here. Same experience, and I'm tired of it. What a waste of my time and government money. The appraisal appeal process is a monster, and it takes months.
The valuation loophole needs to be closed.
You are absolutely right.