After offer, Travis Central Appraisal District and Austin Board of Realtors at market data impasse

After the Austin Board of Realtors offered what it called a possible solution to an ongoing dispute over market data access Feb. 27, the Travis Central Appraisal District said it would not change its decision to use last year’s home appraisal values again this year. TCAD Chief Appraiser Marya Crigler in a Feb. 27 statement described ABoR’s offer to provide aggregate housing market data organized by ZIP code as “disingenuous.” “It would be illegal for us to change market values without having the data to support those changes,” Crigler wrote, adding aggregate data would not justify “across-the-board” increases on individual properties and that doing so would violate both state code and industry standards. ABoR’s offer arrived after the appraisal district announced Feb. 12 that home appraisal values would not change this year after ABoR sent a cease-and-desist order in May prohibiting use of its market data in the appraisal process. Texas is a nondisclosure state, which means real estate sales prices and other market data are not public record. Click to read more at www.communityimpact.com.