Last year, Advanced Micro Devices successfully protested the tax appraisal of its 59-acre office park on Southwest Parkway, knocking about $13 million off the $111 million valuation of the property with commanding views of the hills west of Austin.
This year, when the Travis Central Appraisal District raised the assessment by nearly 50 percent, the computer chip company appealed again. The appraised “market value” of AMD’s Lone Star campus, which it spent more than $200 million to develop, now stands at $127.5 million. AMD has filed a lawsuit to drop it even lower — as italso did in 2010, when the district tried to peg the appraisal of the property to its cost.
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This story reflects the American-Statesman’s consistent focus on how government decisions affect Central Texans through such factors as tax burdens, housing affordability and quality of education. Find more at mystatesman.com/s/investigations.