I meant to post this the other day.
I read a story on the front page of the local paper the other day saying that the Travis County (where Austin, TX is located) Tax Assesor will be increasing the property values by an enormous amount next year. I'm going by (failed) memory here, but I believe they said most properties will have their values re-assessed by an average 20% MORE. More expensive homes will see an increase of upwards of 40%!!! This is incredible. Texas, and the I-35 corridor especially, has been under constant news about undervalued property values. I guess the Travis County Tax Assessor has taken notice and appears to single-handidly be making a decision to get "in-line" with the rest of the nation.
Since most of my activity involves Williamson County, I'm anxious to see how (not if, but how) this will affect property values there. I'm guessing the days of "cheap" properties in central Texas are behind us now.
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1 comment:
Oh, man, that'll really hit the Austin area people in their pocketbooks!
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