Total property value in Hays County increased by a little less than $1 billion in the last year, according to preliminary property tax assessments released by the Hays County Central Appraisal District (CAD).
The grand preliminary total comes to $14.16 billion, up from $13.19 billion in 2008.
The largest percentage increase was due to the addition of 2,972 vacant platted tracts, which led to a 39 percent increase in those values. Commercial and industrial property value increased 16 percent to $1.3 billion from $1.12 billion. Multi-family residential property value in Hays County went up 5.32 percent from $499 million to $526 million.
The rest of the property valuation is in single family residences. The average home value in Hays County increased about 1.76 percent to $167,440 for 2009. The Wimberley ISD saw a home value increase of almost double that rate, a 3.4 percent increase to $194,598. On the other end of the scale, home values in Kyle decreased about one percent to $132,668.
In Buda, the average home value increased 1.7 percent to $160,153. The Hays CISD, which includes Buda and Kyle, increased home values about 0.6 percent to $134,625.
By far, the most valuable average homes in Hays County are in the Dripping Springs ISD, which saw a one percent increase to an average value of $278,734. The lowest single-family home average value is in the City of San Marcos, where values increased 1.6 percent to $120,124. Home valuations in the San Marcos CISD are slightly higher, increasing 1.4 percent to an average of $130,489.
The appraisal district mailed 67,762 notices of preliminary appraised value on May 1. Property owners receiving notice of appraised value have until June 1 to file a protest or appeal to the Appraisal Review Board.
Property owners can file protests at the Hays Central Appraisal District office, located at 21001 North Interstate-35, Kyle, TX 78640, or call (512) 268-2522 for information.Email | Print