Skip to main content

Travis County Residential Values Increase 22.6%

 Property tax assessments for homes were increased by 22.6% for the tax year 2021, based on a review of 208,190 homes valued by Travis Appraisal District. Homes valued at $1 million or higher had the largest increases, average 27.5% higher than 2020.

Review of 208,190 homes valued at $300,000 or indicates an increase in assessed value of $105.05 billion, up 15.07% from 120.89 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $3,558.6 million, based on a 2.7% tax rate before considering homestead exemptions.

Travis has 22,540 homes valued at $1 million or higher. They are valued at $33.5 billion in 2021, up from $28.9 billion in 2020. Values were increased for 21,351 homes, reduced for 1,067 homes, and remained flat for 122 homes.

Homes valued at $300,000 to 500,000 increased from $34.97 billion in 2020 to $40.38 billion in 2021, an 15.4% increase.  Of the 110,837 in this price range, values were increased for 108,008, reduced for 2,673, and remained flat for 154.

Luxury homes valued at $500,000 to $1,000,000 rose to $50.6 billion in 2021 from $41.5 billion in 2020, a 21.7% increase. This group of homes had the smallest level of increase, but still a sizable increase. Most homes in this price range saw an increase in the property tax assessment. Of 74,814 homes valued at $500,000 to $1,000,000, 72,817 were increased in tax assessment, 1,873 were reduced and 124 did not change.

Travis County homeowners are encouraged to protest their property tax assessment, regardless of whether it was increased, reduced, or remained flat. Travis Appraisal District has limited staff to value well over 200,000 homes in Travis County. Homes are valued using the cost approach. The only option for quality control is a property tax protest. Otherwise, Travis Appraisal District staff is highly unlikely to review the estimate of value generated by their computers.

There is no risk to appealing. The appraisal district and appraisal review board may not increase the assessed value due to an appeal. The only options are to reduce it or leave it the same. 85% of homeowners who appealed in 2019 were successful in reducing their property tax assessment.

The property tax appeal deadline is Monday, May 17th.

Labels:

Comments

Post a Comment

Popular posts from this blog

Cleburne Property Tax Relief Specialists | O’Connor

  Rising property taxes in Cleburne can put a significant financial strain on homeowners, but O’Connor & Associates provides an effective and proven solution. As the nation’s largest property tax consulting firm, O’Connor leverages decades of experience and deep market knowledge to help property owners secure meaningful tax reductions. Their experts carefully analyze appraisal data, identify errors or overvaluations, and file strong protests on your behalf, ensuring that you never pay more than your fair share. What makes their service even more valuable is the risk-free structure—you pay nothing unless your property taxes are successfully reduced. This client-focused approach has helped thousands of Texans save millions of dollars, and Cleburne homeowners can now take advantage of the same expertise. With a streamlined enrollment process and a history of proven results, O’Connor is the trusted partner for lowering property tax bills in Cleburne.Take the first step toward lower...
Post a Comment
Read more

Cook County Residential Property Tax Reduction Made Simple

  Managing Cook County Illinois real estate taxes can be overwhelming, especially with rising assessments that often feel inaccurate or unfair. Fortunately, O’Connor offers a specialized service to help homeowners file a Cook County property tax appeal with confidence. Their proven strategy combines in-depth market analysis, property valuation reviews, and knowledge of local tax laws to identify opportunities for meaningful savings. Even if you have never filed before, O’Connor makes the process straightforward—handling research, paperwork, and negotiations on your behalf. This not only saves you time but also maximizes your chance of success. Whether your concern is affordability, fairness, or simply reducing unnecessary expenses, initiating a Cook County property tax protest with O’Connor ensures you have experts in your corner fighting for the lowest lawful tax burden.Take the first step toward lowering your property taxes today—visit https://www.poconnor.com/illinois/cook-count...
Post a Comment
Read more

Hays County Property Tax Reduction Experts | O’Connor

  Property taxes in Hays County continue to rise, placing a heavy financial strain on homeowners and businesses alike. O’Connor & Associates offers a proven solution through their comprehensive Property Tax Protection Program™, designed to maximize savings while minimizing hassle. Their experienced team carefully reviews property assessments, identifies errors, and aggressively pursues appeals to ensure fair and accurate taxation. With decades of expertise and the nation’s largest property tax consulting firm behind them, clients benefit from unmatched resources and success rates. Best of all, their risk-free model means you pay nothing unless they win a reduction, making it a safe and effective way to secure real savings. Whether you own a single-family home, commercial property, or investment real estate, O’Connor provides the knowledge and advocacy needed to protect your bottom line in Hays County.Take control of your property taxes today: https://www.poconnor.com/hays-count...
Post a Comment
Read more