Property Appraisals

Jorge Sanhueza-Lyon/KUT

From Texas Standard:

A new Harvard University study on the state of the nation’s housing found that rapidly escalating land prices make construction of low-cost housing a challenge for many cities. Land prices have increased dramatically in Central Texas in recent years, making it difficult for nonprofits to provide affordable housing to low-income families.

Properties along Lake Austin are exempt from city taxes.
Gabriel C. Pérez / KUT

Housing affordability is one of Austin's biggest challenges during this period of economic growth. Even after someone buys a home or rents property, as the value of that property goes up, so does the annual tax bill. But some of the most desirable homes in Austin – a few hundred right on Lake Austin – are not subject to any city property taxes.

That might be about to change.

Jorge Sanhueza-Lyon / KUT

As homeowners in Travis, Williamson and Hays county receive their property tax appraisals this month, it should not come as a shock to see the appraised value of their homes has gone up. Home values have climbed consistently for a decade.

Gabriel C. Pérez / KUT

About 140,000 people are protesting their property appraisals this year – an all-time high, according to the Travis Central Appraisal District.