Post Harvey - Taxes 2019

[Bryan Bannach]

Does anyone know what will happen to taxes in Harris, Fort Bend, etc, counties in 2019 for houses affected by Harvey?

For several of my properties the county has reduced the 2018 assessment dramatically. Most of the appraised values were reduced by ~50%. This is great for cash flow on houses I have renovated and rented. I am assuming that assessed value will remain for the entire year even if I renovated the property earlier in the year. However, I am wondering what people think will happen next year? Will they look at each house and if repairs were made it will jump back up? Is it still limited to the max 10% per year increase? Will they stay at the 50% level if repairs have not been made? Or who knows, anything is possible? Thoughts?

Thanks,

Bryan