[cowtowney]

Texas is a nondisclosure state which makes commercial property hard to appraise. Generally speaking commercial is 50-70% of true value. While, on the other hand homeowners are taxed nearer to 95% of value. Most homes are comparable in a neighborhood and they have access to MLS. This tax law is a boom to investors of apartment and office buildings since most ownership is held in general partnerships, thus tax exempt.

Most commercial property is held in a limited partnership, not a general partnership. Many law firms are limited partnerships as well. Homeowners are not taxed a 95% of value. Much less. Not sure where you got your 50-70% value for commercial property valuation. That is low in my experience.

[Orange1998]

"Most commercial property is held in a limited partnership, not a general partnership

True but my short post did not detail the structure. Every Limited partnership has a general partner usually a corporation with minimal ownership.

Homeowners are not taxed a 95% of value. Much less

I beg to differ. Consider yourself lucky if you get away with less than 95% of true value. Harris County has modernized the entire appraisal process. You would be amazed when protesting the value the information they acquired ie: satellite images and voice recording.