Hays County home values jump 12 percentHays County home values jump 12 percenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=11562015-04-30T11:33:00Z2015-04-29T00:00:00Z

HAYS COUNTY - Home values in Hays County increased more than 12 percent for 2015, mirroring the double-digit increases seen in Travis and Williamson counties where housing demand also remains strong.

Across Hays County, the average residential market value rose to $198,246 from $176,319 last year, a 12.4 percent increase.

The taxable value of homes in the county — market value minus exemptions — increased 12.8 percent, to $193,246 from $171,319 last year.

The cities of Kyle and Buda saw large percentage increases in home values due to strong demand and a limited supply of homes on the market. Taxable home values in Buda soared about 20 percent, to $204,601 from $170,596 last year, while Kyle’s jumped about 17 percent, to $156,536 from $133,879 last year.

The overall preliminary market value for all properties — residential and commercial — rose to $19.56 billion this year, up 14.9 percent from $17.03 billion in 2014, Valle said. Commercial and industrial property increased in value by 15.9 percent, to $1.9 billion from $1.6 billion in 2014, he said.

Apartment properties saw the biggest jump in value, rising 31 percent to $1.3 billion from $995 million last year.

Below are the average taxable home values in the local school districts and Hays County.

HaysTaxable Values By School District
  Avg. Taxable
Home Value
2015* 2014
Hays CISD $150,012 $126,615
San Marcos CISD $133,567 $121,747
Dripping Springs ISD $309,336 $278,178
Wimberley ISD $211,240 $194,685
City of San Marcos $142,680 $129,277
City of Kyle $156,536 $133,879
City of Buda $204,601 $170,596
Hays County $193,246 $171,319

*Values for 2015 are preliminary.

Source: Hays Central Appraisal District

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/hays-county-home-values-jump-12-percent/nk54s/#8dd61012.3380261.735718Read more at {Source}

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