Daily NAPTA Update 8.14.2023

Posted by Diane Macri | Aug 14, 2023 | 0 Comments


After big hike in Lancaster County valuations, about 11% of protests are approved
The Lancaster County Board of Equalization voted this week on changes to some home valuations. In January, the county assessor's office released preliminary valuations of everyone's property, which ultimately determines how much they'll pay in property taxes. At the time, County Assessor Dan Nolte said these assessments mirrored what happened in the local real estate market, with many going up significantly.


Record $2.5 billion in development planned in downtown Fort Worth
Fort Worth Report
With an estimated $2.5 billion in the development pipeline, downtown Fort Worth is set to begin a new period of construction that will reshape the area for the next decade. That represents a historic record for downtown development, according to Andy Taft, president of Downtown Fort Worth Inc., the advocacy organization for the area. 

Tarrant County Chief Appraiser Jeff Law wins vote of confidence from district board
CBS Texas
After months of public scrutiny from elected officials and property owners, the chief appraiser for the Tarrant Appraisal District won a vote of confidence Friday from the district board of directors. Jeff Law has improved communication with the community and with the board according to directors who voted to keep him on. 


JBG Smith To Take Office Buildings Out Of Commission As Huge Vacancies Loom
The largest landlord in the area, JBG Smith, said in its second-quarter earnings report Tuesday that it has 1.8M SF of office leases in National Landing expiring through 2024 or on month-to-month status, and based on discussions, it expects to have a 33% retention rate, meaning tenants occupying 1.2M SF aren't expected to renew.

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