Jun 5, 2018
Central Austin’s property values/protests
AUSTIN – High demand for property in Travis County and, more specifically in Central Austin, coupled with low supply has driven up values, even for homes that are in disrepair.And because...
AUSTIN – High demand for property in Travis County and, more specifically in Central Austin, coupled with low supply has driven up values, even for homes that are in disrepair.
And because Texas does not tax income, the state has the sixth highest effective real-estate tax rate in the country, according to WalletHub.
Between 2012 and 2017 the total appraised value of properties in Central Austin nearly doubled, according to data obtained from Travis Central Appraisal District (TCAD).
In that same period the number of protests increased nearly 40 percent.
Most appeals—80 percent in Central Austin in 2017—are successful, though, meaning that the assessed value is lowered.
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