… and Farmers Branch has the biggest decline – 3.6 percent, mostly on residential valuations. Overall, the county is down about 1.7 percent this year, which is actually good news, since the county based its 2012 budget on a drop of more than 4 percent.
But back to that Farmers Branch decline. A FrontBurnervian messaged to ask how this jibed with former Mayor Tim O’Hare’s premise that the town needed more stringent ordinances to combat illegal immigration, because an influx of undocumented aliens was driving property prices down. Was his theory incorrect, or is the fact that the ordinances are still tied up in court to blame, and O’Hare is just remarkably prescient?