Property Tax Case Study – Student Housing

Student Housing Space | Tarrant County, TX

By the Numbers


Reduction in Value ($)


Reduction in Value (%)


Tax Refund Achieved


Our Texas team was awarded a student housing property in 2021 of 117 units and 325 beds. We were able to reduce the value for tax years 2021, 2020, and 2019 for the property our team was initially rewarded, knowing there were additional properties in the client’s portfolio. When the client decided to replace their former consultant, they engaged out team again for litigation for tax years 2019 and 2020 on another property.


Prior to the hearing for the newly obtained property, Invoke’s Multifamily Property Tax Director, Larry Backus, inspected the soon-to-be litigated property, sending his findings to CAD pre-hearing.


As the result of Larry’s findings and the litigation hearing, our client was able to achieve a total reduction in value for tax years 2019 and 2020 on the new subject property of $5,165,374 in just eight days. As a result, the client received a tax refund of $139,096.

Director of Property Tax - Multifamily

Larry Backus

Director of Property Tax – Multifamily

Texas Office Consultant

Larry Backus is the Director of Multifamily in the Property Tax division at Invoke Tax Partners. Highly regarded as one of the premier multifamily valuation experts in the industry, Larry continues the excellent service of Invoke’s multifamily portfolio of assets and work closely with business development to continue the growth of Invoke’s multifamily assets under management.