Hays Central Appraisal Districts’ 2016 Preliminary Appraised Values
The Hays Central Appraisal District is scheduled to start mailing 86,300 appraisal notices on June 6, 2016. Property owners that receive a notice of appraised value will have until July 6, 2016 to file a protest to appeal to the Appraisal Review Board. Property owners can file a protest at the Hays Central Appraisal District office, located at 21001 N. IH 35, Kyle, Texas 78640, call (512) 268-2522 or visit our website at www.hayscad.com.
Hays County’s overall preliminary market value for 2016 rose to $21.69 billion this year, up 12.79% from $19.23 billion in 2015. Commercial and industrial property increased in value by 14.13%, from $1.84 billion in 2015 to $2.10 billion this year.
Residential multi-family property saw the biggest increase in value by 28.21%, from $1.17 billion in 2015 to $1.50 billion this year. This increase was due to new construction, completion of new apartment projects and a strong demand for multi-family housing.
Hays County added 2,241 new homes and 76 new commercial buildings to the appraisal roll for 2016. Total new improvements added more than $770 million to the taxable value for 2016.
Across Hays County, the average market value for homes increased by 9.27%. Hays County continues to be one of the fastest growing counties in the country.
The 2015 and 2016 average market value and taxable values (market value minus exemptions) for homes in Hays County taxing units are as follows:
| 2015
Market Value |
2016
Market Value |
2015
Taxable Value |
2016
Taxable Value |
|
| Hays County | $195,658 | $213,799 | $180,871 | $199,224 |
| Hays CISD | $163,883 | $180,217 | $144,102 | $160,610 |
| San Marcos CISD | $146,515 | $158,989 | $127,283 | $140,065 |
| Dripping Springs ISD | $321,249 | $348,224 | $295,617 | $323,305 |
| Wimberley ISD | $217,902 | $237,789 | $194,481 | $214,229 |
| City of San Marcos | $140,313 | $155,530 | $133,705 | $148,940 |
| City of Kyle | $155,631 | $171,404 | $150,718 | $166,182 |
| City of Buda | $207,811 | $229,829 | $196,734 | $218,757 |
For property owners that want to protest their appraised values, the deadline to file is July 6, 2016 which is 30 days after the District mailed the notice.
How this year’s appraisals will 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 2016 property tax rates and determine the amount of taxes property owners will pay. Last year the Hays Central Appraisal District received 10,586 protests.
