Following trends in Travis and Williamson counties, the average market value for homes in Hays County increased 1.9 percent, to $166,167 from $163,005, preliminary figures show.
For the entire Hays appraisal roll, preliminary 2013 market values for commercial and residential properties rose 5.1 percent from 2012 levels, $15.8 billion from $15 billion in 2012, with most of that value coming from residential, apartment and commercial growth, Hays County Chief Appraiser David Valle said Monday.
Apartment properties saw the biggest increase in value with a 34 percent jump, rising to $872 million from $649 million in 2012.
“This increase was due to new construction, completion of new apartment projects and a strong demand for multi-family housing,” Valle said. Commercial and industrial property values rose 7.5 percent, to $1.58 billion, from $1.47 billion from 2012.
The Hays Central Appraisal District is due to start mailing 76,528 appraisal notices Wednesday. Property owners have until May 31 to file a protest.
Hays County saw more than 1,600 new improvements — which includes both new structures and additions to existing structures — added to the appraisal roll. The new improvements added more than $412 million to the taxable value for 2013, Valle said.
Residential and commercial values for 2013 also rose in Travis and Williamson counties. City, county, school districts and other local taxing units will use those values to set 2013 property taxes. Values are based on the market value of properties as of Jan. 1.
In Travis County, the average residential market value was up 5 percent, to $284,149 from $270,805, Chief Appraiser Marya Crigler said last week.
For the entire Travis appraisal roll, preliminary market values for commercial and residential properties rose about 10 percent, to $141 billion from $128.5 billion, led mainly by growth in the housing, apartment and office sectors, Crigler said. She cited a thriving local economy, “fueled by steady population growth and strong job market growth.”
In Williamson County, the average market value of homes increased about 2 percent, to $190,640 from $187,088, Chief Appraiser Alvin Lankford said last week.
The average home value of Hays County and by district:
Hays County $163,005 — $166,167
Hays CISD $131,078 — $133,768
San Marcos CISD $129,583 — $131,340
Dripping Springs ISD $267,343 — $273,584
Wimberley ISD $195,793 — $198,645
City of San Marcos $120,280 — $123,157
City of Kyle $124,981 — $126,437
City of Buda $160,398 — $163,845
Source: Hays Central Appraisal District
The deadline for property owners to file a protest of their appraised values is May 31, or 30 days after the notice was mailed, whichever is later.
Property owners can file a protest at the Hays Central Appraisal District office, 21001 North I-35 in Kyle, or call 512.268-2522 for information.
Last year the district received 7,549 protests.