Tax assessment and reassessment

[Jorge De Jesus]

Hello BP, really hope you can help with this one! I am in Harris County Texas, more specifically the city of Katy,TX where public works, school districts and such are part of the tax bill PLUS additional fraction of a percent directly to the city. The appraisal district has a particular portfolio of properties all assessed at significantly lower than what like property potentially would be valued at. I say potentially because although 3/2 is common in the area these style of property is not. I am in process of putting a T12 together since owners are older and have mismanaged the books. Am I in danger of being reassessed once we close? We are talking about going from 30k to 90k annually which I can still put into my numbers and it’ll work, I just don’t want to be overconfident and overlook something like this in the future. I plan on putting the higher numbers as a possibility when I present to potential partners. Current owners said they get a form from the county so often to help with reassessing the homes but they simply discard it. I’m not looking to do the same