Why It Pays to Trust Your Commercial Property Tax Protest to a Professional |
The best way to fight unfair commercial property taxes, and to keep a property’s valuation in check, is to protest each year. And having an expert in your corner can make a major difference. |
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Texas REALTORS® MarketViewer |
MarketViewer is a real estate market analytics portal brought to you through a partnership between Texas REALTORS® and MLSs across the state. Through MarketViewer, you have instant access to market stats across thousands of geographies in Texas. |
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NAR Defends Home Equity Interests Before the Supreme Court
On March 6, NAR filed an amicus brief in a case pending before the Supreme Court of the United States in Tyler v. Hennepein County, a case involving a Minnesota statute that allows the government to seize a homeowner’s property to satisfy a government debt and keep any surplus from the sale in excess of the debt owed as a windfall.
NAR, along with the American Property Owners Alliance and the Minnesota REALTORS®, filed the amicus brief in support of the property owner’s entitlement to the surplus equity, arguing the state statute effectuates an unconstitutional taking of private property under the Fifth Amendment. NAR urges the Supreme Court to reject the Eighth Circuit’s decision and the problematic state foreclosure statute in favor of upholding constitutionally protected private property rights.
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NAR Comments on NFIP Reauthorization and Reform
On March 8, 2023, NAR submitted a statement supporting the National Flood Insurance Program (NFIP) reauthorization and reform legislation for a hearing convened by the House Financial Services Subcommittee on Housing and Insurance. Within the letter NAR requested:
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Reauthorize the NFIP for five years. Congress has passed 25 short-term NFIP extensions since 2018, increasing uncertainty in real estate markets and risking 40,000 home sales each month. It is time for Congress to come together and support a long-term NFIP reauthorization with meaningful reforms to modernize mapping, incentivize risk mitigation, and strengthen consumer choice between NFIP and private flood insurance.
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Encourage a more robust private market to help close the flood insurance gap. According to FEMA, less than 4 percent of U.S. homes are covered by flood insurance. Removing two regulatory obstacles to private flood insurance would help close the gap: • Clarify that federal continuous coverage requirements can be satisfied by NFIP or private flood insurance and Refund NFIP premium when there is a duplicate private flood coverage.
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U.S. House of Representatives Blocks Biden WOTUS Rule
On Thursday, March 9, the U.S. House of Representatives passed H.J. Res. 27, a joint resolution of disapproval under the Congressional Review Act (CRA) on the Biden Administration’s flawed and burdensome “Waters of the United States” (WOTUS) rule. This legislation was led by Committee on Transportation and Infrastructure Chairman Sam Graves (MO-06) and Water Resources and Environment Subcommittee Chairman and Western Caucus Member David Rouzer (NC-07).
The resolution passed with a bipartisan vote of 227-198. NAR supported this CRA joint resolution. The House Joint Resolution, if enacted, would terminate the Biden WOTUS rulemaking utilizing the CRA, which provides a mechanism for Congress to overturn certain final agency actions. An identical measure was introduced in the Senate by 49 Senators, led by Environment and Public Works Ranking Member Shelley Moore Capito (R-WV) and may be voted on a soon as next week.
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Protesting Property Tax Appraisals Town Hall
Join SABOR on Thursday, April 27 at 10:00 a.m. as they host property tax experts from SWBC Ad Valorem Tax Advisors to learn about how to effectively protest your property tax appraisals for 2023. You will hear updates regarding exemptions, the latest deadlines and taxpayer resources in order to help lower your tax burden. Cost to attend is free and registration is now open in the SABOR member portal.
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TREPAC Night at the Missions Game
Come out to the ballpark on Friday, May 12 to support TREPAC and cheer on the San Antonio Missions as they play host to the Corpus Christi Hooks. The event will be on the San Antonio Missions Fiesta Deck, an all-inclusive, private, multi-level deck at Wolff Stadium. Tickets are $40 for adults and $20 for kids 12 and under.
Each ticket purchase will include all-you-can-eat hamburgers, hot dogs, beef and chicken fajitas, and a nacho bar. Plus, snack on popcorn, cookies, and chips and salsa throughout the game.
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REALTOR® Day at the Texas Capitol |
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Thank you to everyone who attended REALTOR® Day at the Texas Capitol! Several members were able to meet with legislators as part of their continued efforts to advocate for property rights. We'll see you again in two years!
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Are you on Facebook? Make sure to follow the STCAR page! You can find Commercial Market Insights, event updates/information and MORE! All it takes is one click!
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Thank you to our sponsors |
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Advocacy
TREPAC: TREPAC protects your industry and private property rights. If real estate is your profession, politics is your business. And no one protects the real estate industry and your bottom line like the Texas REALTORS® Political Action Committee (TREPAC). To contribute, contact [email protected]. Learn more.
RPAC: Since 1969, the REALTORS® Political Action Committee has promoted the election of pro-REALTOR® candidates across the US. Learn more.
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Participate in NAR's Broker Involvement Program
This dynamic program provides you with a quick and effective tool to rally your agents on critical legislative issues. Learn more.
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Charity of Choice
Partner with the American Cancer Society to fund the local Patient Transportation Program. To contribute, contact [email protected].
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Texas REALTORS® Member Benefits
You get a lot of value from your member dues.
Legal answers, marketing tools, discounts on products and services, and legislative and political advocacy are only a few examples of what you get as a Texas REALTOR®.
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About STCAR
The purpose of the South Texas Commercial Association of REALTORS® is to provide products, programs, and services to be a business and information resource to the member; enhance the commercial REALTOR® image and involvement in the community; and be the voice for commercial REALTORS® in the political and legislative arena.
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South Texas Commercial Association of REALTORS®
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