Hays County’s property values are up nearly $1 billion over last year according to preliminary appraisals announced by the Hays Central Appraisal District.
Total appraised values in the county are preliminary set at $14.16 billion for the 2009-2010 fiscal year, up from $13.19 billion for the 2008-2009 fiscal year.
Commercial properties increased in value by 16 percent, from $1.12 billion in 2008 to $1.3 billion this year. Residential multi-family properties increased 5.32 percent, from $499 million to $526 million. Vacant, platted tracts increased 39 percent, driven in party by the addition of 2,972 platted tracts to the appraisal roll.
Average single-family home values also increased countywide although by markedly smaller percentages than other properties: