Let's talk about self storage.

I think tssa and members should look at a new battle front with tax assessors.   Instead of individual fights over valuations, we should be looking at the cap rate used against all of us.   For the most part, the cap rate decision is made by one individual and/or a select cabal within the appraisal district office; with no public input, forum, etc.   In two counties I am aware of, they are using 6.5%.   Every .5% increase in cap would be a 7.7% decrease in assessed value!   I think there are legitimate arguments to justify an upward adjustment to the rate used as a cap rate reflects more than simple value of physical assets at a point in time (what, in theory, they are taxing us for). 

Eric Olsen

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Eric Olsen
Dry Dock Self Storage, LLC
Burkburnett TX
(940) 569-0002
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Original Message:
Sent: 4/23/2026 11:02:00 AM
From: Eric Olsen
Subject: Tax Assessments

I think tssa and members should look at a new battle front with tax assessors.   Instead of individual fights over valuations, we should be looking at the cap rate used against all of us.   For the most part, the cap rate decision is made by one individual and/or a select cabal within the appraisal district office; with no public input, forum, etc.   In two counties I am aware of, they are using 6.5%.   Every .5% increase in cap would be a 7.7% decrease in assessed value!   I think there are legitimate arguments to justify an upward adjustment to the rate used as a cap rate reflects more than simple value of physical assets at a point in time (what, in theory, they are taxing us for). 

Eric Olsen

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Eric Olsen
Dry Dock Self Storage, LLC
Burkburnett TX
(940) 569-0002
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