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 exceeded the 31% target by 0.5% due to an increase in the homestead exemption in an effort to rebalance the taxable value between residential and commercial properties. The City's valuation mix is well-balanced with 31.5% of the total valuation in commercial property. The ability of the City to maintain a good balance between residential and commercial valuation helps reduce the property tax burden for residents. Since the total valuation in commercial property exceeded its target, the measure has been evaluated as green.
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.