Hays County home values rose by 9.27 percent last year and the county’s overall preliminary market value for 2016 shot up to $21.69 billion, an increase of 12.79 percent compared to $19.23 billion in 2015, figures released by the Hays County Appraisal District (HCAD) indicate.
The appraisal district will begin mailing appraisal notices to some 86,300 property owners Monday. The deadline to protest the appraisal is July 6.
Chief Appraiser David Valle said the biggest increase came in multi-family housing, which jumped by 28.21 percent, 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,” he said.
Commercial and industrial property grew in value by 14.3 percent, from $1.84 billion last year to $2.10 billion this year.