WILLIAMSON COUNTY, Texas (KXAN) – The Williamson County Central Appraisal District’s website has a special section designed to expedite the process for new homeowners. That’s because real estate values in central Texas have risen sharply this year — Williamson County estimates that some neighborhoods have seen a 40% increase from last year.
Appraisal districts and homeowners are busy at this time of year completing home appraisal values. How much tax people pay is based on these values, so homeowners try to keep them as low as possible. Most are also protected by a 10% cap on increases, but not new homeowners.
Individuals who purchased homes in Williamson County with an estimated value greater than what they paid for their home between January 1, 2021 and March 31 of this year may use this online service instead of the entire protest process to go through. You must provide sales documentation and have a valid email address. They have until May 12 to submit their information and can expect a response within 10 days.
What new homeowners should do in Travis County
While there isn’t a dedicated section on the Travis County Appraisal District’s website designed to streamline the process specifically for new homeowners, Communications Officer Cynthia Martinez said anyone can use their e-filing process that’s similar functions.
People can upload documents online to protest their market value (in the case of new homeowners, they should provide their sales documents). TCAD reviewers will review it and send people an electronic quote. From there, homeowners can accept it or go to an informal hearing where they receive feedback on their documents before going to the formal Appraisal Review Board hearing.
TCAD will hold a protest procedure webinar on April 27 at 11:30 am and will also upload it to the website afterwards. She also hosted a webinar specifically for new homeowners in March.
Market values have also risen in Travis County. Last week, TCAD reported that the average market value for a home in 2022 was $632,208 and said some areas are seeing market value increases of 40%, 50% or even more.
What new homeowners should do in Hays County
Hays County Appraisal District also has only one process for all homeowners, and it can be completed online. It suggests that new homeowners provide a copy of an official sales document as proof.
Hays County also reported increases in values of up to 40% in some areas.
“During the last year there has been a record number of property transfers and the values of these transactions have been exceptional,” HCAD said in a press release earlier this month announcing that valuation notices had been issued.
Hays CAD also suggests homeowners apply for a homestead exemption, which may reduce their tax liability. Anyone in central Texas can apply for this exemption.
https://www.kxan.com/news/local/williamson-county/williamson-county-has-express-property-tax-appraisals-for-new-homeowners/ Williamson County has Express Property Tax Assessments for new homeowners