06/20 CodeNEXT Worksession
Posted: Sun Jun 18, 2017 8:56 am
Colleagues,
For our Tuesday, June 20 worksession, I offer the specific questions (see below) related to the posted CodeNEXT topics. We may have the Travis County Appraisal District Chief Appraiser with us. Please post any related specific questions you may have as soon as possible so as to provide her and staff/consultants with sufficient time to prepare.
NOTE: We should also designate time this week (Tuesday or Wednesday) to have staff/consultants address the affordable housing and yield/density bonus section just posted.
We also need to have staff address (on Tuesday or Wednesday):
a) Adding an additional draft code/map to those currently planned;
b) Address activity corridors, centers and nodes (outside of the central core) recognizing the need for them to also develop in a form envisioned by Imagine Austin and the anticipated increased housing yield that will develop in these locations.
June 20, 2017 Council Work Session 9-10:30 a.m.
Property valuations
- How are single family property values determined by TCAD?
- Does the property tax value change when zoning changes? When allowed uses change? When the yield (or allowed number of units) change?
- Is an existing single family home property valued with reference to the sales price of a duplex?
- If my neighbor builds a duplex or ADU, will that raise the tax value of my single family home?
- If a vacant lot in my neighborhood goes up in value because it allows for greater yield (increased number of units), will that raise the tax value of my single family home? What happens to the total tax value of my single family home if its lot value goes up because of higher value sale of a vacant lot in my neighborhood?
- Is a single family property with a homestead designation valued as a single family residence, even if other uses or more units could be built on the property? What about if it is surrounded by properties with other uses or more uses?
- Are you seeing the ability to build an ADU or a duplex leading to increased values (and thus increased tax valuations)?
- Do the sales price of new or renovated homes raise the tax value of old homes in that same neighborhood that are not newly built or renovated? What is the “segmented market” valuation?
- Do you believe, or have you seen evidence that there is or is not a relationship between housing supply and market value?
For our Tuesday, June 20 worksession, I offer the specific questions (see below) related to the posted CodeNEXT topics. We may have the Travis County Appraisal District Chief Appraiser with us. Please post any related specific questions you may have as soon as possible so as to provide her and staff/consultants with sufficient time to prepare.
NOTE: We should also designate time this week (Tuesday or Wednesday) to have staff/consultants address the affordable housing and yield/density bonus section just posted.
We also need to have staff address (on Tuesday or Wednesday):
a) Adding an additional draft code/map to those currently planned;
b) Address activity corridors, centers and nodes (outside of the central core) recognizing the need for them to also develop in a form envisioned by Imagine Austin and the anticipated increased housing yield that will develop in these locations.
June 20, 2017 Council Work Session 9-10:30 a.m.
Property valuations
- How are single family property values determined by TCAD?
- Does the property tax value change when zoning changes? When allowed uses change? When the yield (or allowed number of units) change?
- Is an existing single family home property valued with reference to the sales price of a duplex?
- If my neighbor builds a duplex or ADU, will that raise the tax value of my single family home?
- If a vacant lot in my neighborhood goes up in value because it allows for greater yield (increased number of units), will that raise the tax value of my single family home? What happens to the total tax value of my single family home if its lot value goes up because of higher value sale of a vacant lot in my neighborhood?
- Is a single family property with a homestead designation valued as a single family residence, even if other uses or more units could be built on the property? What about if it is surrounded by properties with other uses or more uses?
- Are you seeing the ability to build an ADU or a duplex leading to increased values (and thus increased tax valuations)?
- Do the sales price of new or renovated homes raise the tax value of old homes in that same neighborhood that are not newly built or renovated? What is the “segmented market” valuation?
- Do you believe, or have you seen evidence that there is or is not a relationship between housing supply and market value?