April 22nd, 2010
Hays County home values fall but total appraisals show small increase

STAFF REPORT

Despite slightly depressed average home values across the county, total property value in Hays County increased 1.7 percent to $14.26 billion, according to preliminary numbers released today by the Hays Central Appraisal District.

In 2009, total value was $14 billion. The district will start mailing 78,410 appraisal notices on Friday. Property owners have until June 1 to appeal their appraisals at the district’s office, 21001 N. Interstate 35 in Kyle. For information, call (512) 268-2522.

A 13 percent increase in the value of vacant, platted tracts lead the way with the addition of 1,252 such properties added to the appraisal roles through new subdivisions and replats. Commercial and industrial property increased six percent, from $1.27 billion to $1.35 billion. Residential multi-family property increased 5.3 percent, from $510 million in 2009 to $537 million in 2010.

Average home values, meanwhile, decreased in ever jurisdiction except Wimberley ISD where they remained flat. The preliminary numbers are:

• The average home value in Hays County decreased about 1.70 percent to $162,724 for 2010.
• The average home value in the Dripping Springs ISD decreased about 2.79 percent to $267,899 for 2010.
• The average home value in the Hays CISD decreased about 2.12 percent to $131,136 for 2010.
• The average home value in the City of Kyle decreased about 3.67 percent to $127,305 for 2010.
• The average home value in the City of Buda decreased about 0.6 percent to $158,876 for 2010.
• The average home value in the City of San Marcos decreased about 0.5 percent to $118,790 for 2010.
• The average home value in the San Marcos CISD decreased about 0.9 percent to $128,779 for 2010.
• The average home value in the Wimberley ISD remained flat at $193,089 for 2010.