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Market News and Trends

Hays County tax appraisals rise


After five years of strong demand, limited supply, and rising sale prices in Austin-area residential real estate, it’s no surprise that the taxable values of homes are also rising.  Here’s a summary from Hays County:

Hays County home values rise nearly 9%

For comparison, these are similar recent reports about Travis and Williamson counties:

It’s Tax Appraisal Season!

Williamson County Tax Appraisals Are Out

So, Hays County appraisals are up almost 9%, Travis up 10%, and Williamson rose 6%.

I have provided data to quite a few of my clients this year to help them protest their appraisals.  Everybody’s situation is unique — how long they’ve owned the property, whether they have a homestead exemption, and over-65 exemption, etc., how long those exemptions have been in place … and, of course, where the property is located.  Yes, prices have trended upward pretty much everywhere over the past few years, but some areas and some specific neighborhoods have experienced this market very differently, rising much more than the average, or somewhat less.

As I commented a couple of days ago, it looks like another very busy year with an out of balance real estate market, so buckle up for similar increases in tax appraisals next year.

 

 

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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