After mostly minor increases and some decreases in 2018, home values rose by greater margins across the Cy-Fair area in 2019, according to data from the Harris County Appraisal District.
HCAD officials also said homes that sustained damage during Hurricane Harvey could see up to a 21% increase in appraised value this year.
State tax code normally does not allow the appraised value of a home to increase more than 10% per year. However, because some Harvey-damaged homes were granted a reprieve from value increases in 2018, HCAD can add 10% per year to the pre-Harvey 2017 value.
The window to file a protest had not closed for all properties as of July, and the total number of protests filed in 2019 was still being evaluated as of press time, HCAD officials said.
This article is a part of a series on real estate trends in the Cy-Fair area. View more trends here and stay tuned for more trends to be added throughout July.