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Showing posts from January, 2022

Nueces County Residential Values Increase 13.1%

  Property tax assessments for homes were increased by 13.1% for the tax year 2021, based on a review of 13,299 homes valued by the Nueces Appraisal District.  Homes valued at $1 million or higher had the largest increases, an average of 14.6% higher than 2020. Review of 13,299 homes valued at $300,000 or indicates an increase in assessed value of $5.6 billion, up 12.1% from $6.2 billion in 2021.  Total property taxes for 2021 for homes valued over $300,000 would total $173.5 million, based on a 2.7% tax rate before considering homestead exemptions. Nueces has 531 homes valued at $1 million or higher.  They are valued at $0.74 billion in 2021, up from $0.65 billion in 2020.  Values were increased for 434 homes, reduced for 77 homes, and remained flat for 20 homes. Homes valued at $300,000 to 500,000 increased from $3.17 billion in 2020 to $3.5 billion in 2021, an 11.1% increase.  Of the 9,586 in this price range, values were increased for 8,899, reduced for...

Midland County Residential Values Increase 7.8%

  Property tax assessments for homes were increased by 7.8% for the tax year 2021, based on a review of 16,564 homes valued by the Midland Appraisal District.  Homes valued at $1 million or higher had the largest increases, average 8.7% higher than 2020. Review of 16,564 homes valued at $300,000 or indicates an increase in assessed value of $7.21 billion, up 8.03% from 7.79 billion in 2021.  Total property taxes for 2021 for homes valued over $300,000 would total $214.6 million, based on a 2.7% tax rate before considering homestead exemptions. Midland has 609 homes valued at $1 million or higher.  They are valued at $0.82 billion in 2021, up from $0.76 billion in 2020.  Values were increased for 567 homes, reduced for 35 homes, and remained flat for 7 homes. Homes valued at $300,000 to 500,000 increased from 4.01 billion in 2020 to 4.35 billion in 2021, an 8.5% increase.  Of the 11,830 in this price range, values were increased for 10,110, reduced for 1,631...

McLennan County Residential Values Increase 13.9%

  Property tax assessments for homes were increased by 13.9% for the tax year 2021, based on a review of 12,833 homes valued by McLennan Appraisal District.  Homes valued at $1 million or higher had the largest increases, average 16.3% higher than 2020. Review of 12,833 homes valued at $300,000 or indicates an increase in assessed value of $4.65 billion, up 12.7% from 5.25 billion in 2021.  Total property taxes for 2021 for homes valued over $300,000 would total $161.1 million, based on a 2.7% tax rate before considering homestead exemptions. McLennan has 363 homes valued at $1 million or higher.  They are valued at $0.41 billion in 2021, up from $0.35 billion in 2020.  Values were increased for 308 homes, reduced for 15 homes, and remained flat for 40 homes. Homes valued at $300,000 to 500,000 increased from $2.96 billion in 2020 to $3.33 billion in 2021, an 12.3% increase.  Of the 9,708 in this price range, values were increased for 8,860, reduced for 280...