Travis home values jump 8 percent for 2017


Job, population growth continue to drive housing demand.

Deadline to file a protest is May 31.

Home values in Travis County rose nearly 8 percent on average for 2017, reflecting continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday.

The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Travis County Chief Appraiser Marya Crigler said. The taxable value is the market value of homes, minus exemptions.

Last year, the average taxable home value increased 8.7 percent in Travis County.

Crigler’s office is mailing out appraisal notices this week for 2017. The deadline for filing a protest is May 31, or 30 days after the appraisal district mailed the notice of appraised value, whichever is later.

“The Austin region continues to thrive as it enters its eighth year of positive trends in its real estate and overall economy,” Crigler said in a written statement. “While there has been a slight tempering of the feverish pace that has characterized the past few years, Austin continues to enjoy one of the more vibrant regional economies in the country.”

About 65 percent of residential homesteads will benefit from the homestead cap of a 10 percent increase over last year’s assessed value, Crigler said.

Overall preliminary taxable values in Travis County increased 16 percent over 2016 levels, rising to $180 billion from $155

billion last year, led by a 23 percent increase in commercial values, Crigler said.

Crigler said the Austin area remains among the top cities in job growth and low unemployment (3.2 percent). The region added 31,100 jobs in 2016, a growth rate of 3.3 percent, she said.

“This steady job and population growth remains the primary reason behind the strong demand for housing; however, the supply of housing continues to lag behind this strong demand,” Crigler said.

Property owners who disagree with the market value of their property may file a protest with the Appraisal Review Board. using the form included with the notice of appraised value, the forms available from the Comptroller or appraisal district websites, online (via Efile), or by sending in a written letter of protest.

About 255,000 homeowners will be eligible to file their protest electronically this year. Last year the appraisal district received 118,000 protests.

Reader Comments ...

Next Up in Business

Buying hard liquor at Walmart? It’s possible after Austin court victory
Buying hard liquor at Walmart? It’s possible after Austin court victory

It could soon be possible to pick up some vodka or rum on your Walmart run. In a 50-page ruling, a federal judge in Austin found that some of the state statutes that have kept the discount chain from selling hard liquor in Texas are unconstitutional. U.S. District Judge Robert Pitman issued his ruling this week following a trial that took place last...
Delivery services in spotlight after blast at FedEx facility
Delivery services in spotlight after blast at FedEx facility

The nation’s major package delivery services found themselves in an uncomfortable spotlight Tuesday after a package exploded at a FedEx facility southwest of Austin. Law enforcement officials said the explosive device was linked to a series of bombings in Austin — and said it was the first time one of the bombs was sent using a traditional...
Houston firm building senior community in Lakeway
Houston firm building senior community in Lakeway

For many Americans, aging can mean having to relocate to a senior living community to get needed care. A new facility set to open this year in Lakeway aims to provide that specialized attention, making it possible for area seniors to stay close to family and friends here in Central Texas. When Belmont Village Lakeway, at 107 Bella Montagna Cir., makes...
5 tips on breaking into animated film from an award-winning animator
5 tips on breaking into animated film from an award-winning animator

If you've seen a lot of animated films and commercials, you might have come across the work of award-winning animator and illustrator Kurt Guard. His knack for creating cutting-edge visual effects for short- and feature-length films, TV campaigns and personal projects is what lands him animation gigs with top-tier brands like BET Networks...
Top Local Business Stories of the Week
Top Local Business Stories of the Week

IRISH INFLUENCE Groundbreaking Irish leader talks tech, Trump at SXSW: The deep ties between the United States and Ireland are increasingly being measured in bytes and bits as well as heritage, Ireland’s groundbreaking prime minister said during a visit to South by Southwest this past week. “We have tried to make Ireland the tech capital...
More Stories