About the author

Editor - Nelson Thibodeaux

editor@localnewsonly.com Nelson is a 30-year plus resident of Colleyville. He has located his privately owned businesses in Colleyville for more than 20 years. Nelson is the 2018 Empower Texans Recipient of the North Texas Conservative Leadership Award. Nelson is the founder of LNO in 2000. He served as councilman and Mayor Pro Tem of Colleyville until June 2000. Thereafter, he started LNO because there was no adequate newspaper coverage. Nelson has previously worked in both radio and television during his career.

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    The problem I have with this “analysis” is that it does not at all take into consideration the years of over-payment prior to 2015. The 2014 assessed value of Pardo’s property is way out of line with the cited comps. She should have protested much earlier to get in line – the Dallas Morning News article did NOT mention the fact that the next nearest comp was only $463K in 2014! The decline in value is areversion to a mean. As a real estate investor I have been long real estate for 3+ years and benefitting from rising values driven by limited supply and increasing demand in this favorable macro environment. For better or worse there is a lot more “art” than science involved in Appraisals and as usual the onus is on the taxpayer to prove innocence. I protest every year sometimes I win sometimes I don’t. I encourage every property owner to protest or at the very least pay attention to comps – the info is easily available.

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