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
The Hays County Central Appraisal District folks are either smoking dope, or the public officials who oversee the CAD are protecting their operating budgets by estimating a property tax base that defies all logic and recession data, and hope that property owners don’t revolt.
The Hays Central Appraisal District Board is made up of seven directors elected by the governing boards of the taxing entities that participate in the appraisal district.
The County Tax-Assessor/Collector serves as a voting, member of the Hays CAD Board.
Daniel Guerrero —- Chairman —- City of San Marcos
Luanne Caraway —- Vice Chairman —- Hays County
Joe Castillo —- Secretary —- San Marcos Consolidated Independent School District
Dennis Miller —- Hays Consolidated Independent School District
Galen Dodson —- Dripping Springs Independent School District
Abel Tenorio —- Hays Consolidated Independent School District
Dave Williams —- Wimberley Independent School District
Now if you had an operating budget based on property taxes…and you oversaw an appraisal organization that operates by gosh and by golly…wouldn’t you just make up property values that kept your tax based budget afloat?
Not if you were honest and professional.
Foreclosure and sweetheart prices don’t count, but the CAD folks can lower improvement values (homes) while raising the land values. It’s called slight of hand.
Any property owner who received any increased appraisal value would be foolish not to protest that increase before June 1, 2009.