Hays County home values rise nearly 9%


Highlights

Chief appraiser: Rising values reflect contined population, job growth.

Homeowners have until May 31 to protest values.

The market value of homes across Hays County rose almost 9 percent for 2017 as the area continues to boom, Hays Chief Appraiser David Valle said Tuesday.

The average market value of homes in the county increased 8.9 percent, to $231,509 this year from $212,401 last year, Valle said.

The taxable value of homes — whihc is the market value minus exemptions — increased 9.8 percent on average, to $216,169 from $196,739 last year, he said.

Job and population growth in the Central Texas region continue to drive housing demand in Hays County, which is one of the nation’s fastest growing counties, Valle said.

“People are looking at Hays County where housing costs are a bargain compared to Austin,” Valle told the American-Statesman. “The preliminary values show the growth and overall health of the entire county.”

The Hays Central Appraisal District started mailing out 86,122 appraisal notices on May 1. Property owners will have until May 31 to file a protest to appeal to the Appraisal Review Board.

The percentage increases in Hays’ home values mirrored those in Travis and Williamson counties, reflecting ongoing growth in all three counties.

The average taxable home value in Travis County increased 7.9 percent, to $307,997, and the average market value rose 6.3 percent, to $412,092.

Across Williamson County, the average taxable value of homes was up 8.4 percent, to $268,736, for 2017. The average market value of Williamson County homes increased about 8 percent this year over last, rising to $280,537.

How this year’s appraisals will affect homeowners’ tax bills in each county remains to be seen. The counties, cities, school districts and other taxing units will use the appraisal districts’ values to set 2017 property tax rates and determine the amount of taxes property owners will pay.

In Hays County, the overall preliminary market value for 2017 rose to $23.4 billion this year, up 10 percent from $21.3 billion in 2016, figures show. Commercial and industrial property increased in value by 10.4 percent, to $2.2 billion this year compared with $2.01 billion in 2016

Apartment properties saw the biggest increase in value, rising 14 percent to $1.5 billion from $1.3 billion last year. The increase, Valle said, was due to new construction, completion of new apartment projects and a strong demand for multi-family housing.

Hays County added 2,085 new homes and 49 new commercial buildings to the appraisal roll for 2017. Total new improvements added more than $637 million to the taxable value for 2017, Valle said.



Reader Comments ...


Next Up in Business

Area jobless rate at 3.2% amid hot economy; average wages slow to rise
Area jobless rate at 3.2% amid hot economy; average wages slow to rise

A trend of near 20-year lows in the Austin metro area’s monthly unemployment rate continued in June, although by some measures the tight labor market has yet to fuel gains in average wages for workers. The local jobless rate registered 3.2 percent last month, according to the Texas Workforce Commission, the lowest nonseasonally adjusted rate...
Man fired after encounter with 'racist' customer. After sharing his story, Home Depot offers job back.
Man fired after encounter with 'racist' customer. After sharing his story, Home Depot offers job back.

After a man last Thursday approached the checkout at a Home Depot in Albany, New York, staff member Maurice Rucker asked him to leash his dog. That's when the man exploded. » RELATED: Atlanta's Home Depot growing in various ways, but not new stores Rucker, a 60-year-old black man, claimed he was fired Tuesday after defending himself from...
Colton House luxury hotel planned for South Congress Avenue
Colton House luxury hotel planned for South Congress Avenue

Austin’s hotel boom shows no signs of letting up. The latest example: Developers have started work on an 80-room luxury hotel in South Austin. The Colton House is going up at 2510 S. Congress Ave., near West Oltorf Street. The site had previously been occupied by the Taste of China Express restaurant. It’s set to debut in fall 2019. Inherit...
Austin solar firm lights up the lives of Haitian orphans
Austin solar firm lights up the lives of Haitian orphans

More than 7 million Haitians lack access to electricity. Residents of one orphanage there are now no longer a part of that eye-opening statistic thanks to an Austin company’s efforts. A crew from Freedom Solar traveled to the island nation recently to install an off-the-grid solar array that will power A Child’s Hope, an orphanage in La...
You, too, can live in Stevie Ray and Jimmie Vaughan’s childhood home. (Strat not included.)
You, too, can live in Stevie Ray and Jimmie Vaughan’s childhood home. (Strat not included.)

It doesn’t mean that you will be able to play “Pride and Joy” or “Couldn’t Stand the Weather,” but you, too, can live in the childhood home of Jimmie and Stevie Ray Vaughan. The  1,100-square-foot, 2-1 house at 2557 Glenfield Ave. in the Dallas neighborhood of Oak Cliff is listed at $159,900. As noted by the...
More Stories