COTA suing county over property tax dispute

Circuit of the Americans is suing Travis County over property taxes. According to the lawsuit, COTA claims the appraised value of the racetrack is unlawful because it exceeds market value, and it hopes the courts will force the county to reevaluate the property’s worth. Meanwhile, Travis County Commissioners are being pressured by COTA to fund a multi-million dollar project that will expand nearby roads. Many homeowners near the track feel that improving the roads is a necessity, while others consider that to be using public money for private interests. A vote on the road expansion project could take place as early as October.

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