Commercial Assessed Valuation
Strong Local Economy
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Proceeding as Anticipated
Reviewing for Improvement
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.
This measure has exceeded its target by 1.6%. This measure increased due to higher revaluation of commercial properties compared to residential properties. Commercial revaluation was 5.84%, compared to 1.55% on residential property. Overall growth in commercial value exceeded residential, leading to an increase in the percent split.
The City of Sugar Land’s commercial property tax revenue, percentage change, and assessed valuation of commercial property as a percentage of the tax roll as reported annually by the Fort Bend County Central Appraisal District.
FY20 Target was 31%.
The commercial value of the City showcases the desirability of commercial real estate and the health of local businesses.