Home values increase 10%
The value of homes in the Wimberley Valley increased more than 10 percent in the last year, according to the Hays Central Appraisal District. That is more than the 7.9 percent average increase in market value for homes in Hays County.
The Hays Central Appraisal District began mailing out more than 97,000 appraisal notices on April 8. The deadline to file an appeal with the Appraisal Review Board is May 15.
The average market value for homes within Wimberley ISD’s jurisdiction increased to $324,555 for 2020, which is up from $294,729 in 2019. This is the second highest average market value in Hays County behind homes in Dripping Springs ISD’s jurisdiction, which average $450,103.
Hays County’s overall preliminary January 1, 2020 market value rose to a little more than $34.45 billion this year, up over 17% from $29.37 billion in 2019. Commercial and industrial property increased in value by more than 33%, up from $2.8 billion in 2019 to $3.73 billion this year.
Vacant lots/tracts saw the biggest increase in value by more than 57% from $662.55 million to $1.04 billion followed by residential multifamily property with an increase in value by 37.37%, from $1.98 billion to $2.72 billion this year. These increases were due to strong demand for residential and commercial sites, multi-family housing and completion of new construction.
Hays County added 2,786 new homes and 127 new commercial buildings to the appraisal roll for 2020. Total new improvements added more than $1.04 billion to the taxable value for 2020. Across Hays County, the average market value of homes increased by 7.9%.
How this year’s appraisals affect Hays County homeowners’ tax bills remains to be seen. The county, cities, school districts and other taxing units will use the appraisal district’s values to set 2020 property tax rates and determine the amount of taxes property owners will owe. Last year Hays CAD received just under 22,000 protests.
Property owners can file a protest at www.hayscad. com using the Online Appeal tab, by email sent to [email protected] or in person in the drop box at the Hays Central Appraisal District office, located at 21001 N. IH 35, Kyle, Texas 78640.