Residential market values across the county rose by 44.53%, from $312,248 in 2021 to $451,296. The change in taxable property value was greater in the same period, up 47.84% from $292,016 in 2021 to $431,709.
Commercial and industrial real property values increased 40.86% and residential multifamily properties went up 47.2%, according to the report.
Almost 4,000 new homes and 27 new commercial properties were added to appraisal rolls for 2022, according to the HCAD. New improvements to existing properties added more than $2.21 billion in taxable property value for 2022.
Because the district scheduled appraisal notices to be mailed April 18, property owners wishing to appeal their appraised values have until May 18 to file an appeal.
For San Marcos residents, new increases in residential homestead exemptions passed by the San Marcos City Council in January will be automatically applied this year, according to the appraisal district.
To file an appeal, residents can email [email protected] or file online at www.hayscad.com. Appeals can also be submitted by mail to Hays Central Appraisal District, 21001 N. I-35, Kyle, TX 78640.
