AUSTIN – Today the Texas Association of Appraisal Districts announced another year of sustained growth in Texas real estate values.
According to the assoc iation, regions around the state have seen increases in values between 10-35 percent since last year. Roland Altinger, president of the association and chief appraiser of Harris County said, “The Texas real estate market continues its steady and sustained growth and, while it is good news that a person’s investment is increasing in value, it can come with added exposure to property taxes depending on a variety of factors. But keep in mind, we are not responsible for setting the tax rate. We follow the law, state regul ations, and the reality of real estate mar ket sales when making our value determinations.”
In a state without a personal income tax, cities, counties, hospitals, school districts and community colleges all rely heavily on property taxes. These same political subdivisions set the tax rates that determine the amount of taxes paid by homeowners and businesses. An increase in property taxes is sometimes needed to keep the police and fire departments adequately funded, along with our schools, hospitals, and other vital services for our communities.
“Kendall County has seen a 20% - 25% market value increase over 2022, depending on the category of property (residential, commercial, farm and ranch, etc.). While substantial, the increase has declined from an overall 43% that we saw in 2022 from 2021.”, said Jana Herrera, Chief Appraiser.
As indicated last year, the 2023 appraisal notice will not include an estimate of taxes. In order to provide greater transparency, Senate Bill 2 in the 2019 legislative session allowed for the removal of the estimate and required the development of a website to provide property owners tax rate and tax rate adoption hearing details; https:// kendall. countytaxrates. com/tax is updated by the tax units each year to provide property
owners a one-stop location for all tax rate related information. An estimate of taxes can still be found for each property on the Kendall Appraisal District’s website or by contacting their office.
Exemption applications and value appeals may be filed directly with the appraisal district free of charge. For questions regardi n g deadlines o r other matters affecting property tax appraisal, please contact the district at (830) 2498012 or visit the district’s website at www.kendallad. org for more information.
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