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Harris County Residential Values Increase 8.8%

  Property tax assessments for homes were increased by 8.8% for the tax year 2021, based on a review of 232,363 homes valued by Harris Appraisal District. Homes valued between 300K to 500K had the largest increases, average 9.7% higher than 2020. Review of 232,363 homes valued at $300,000 or indicates an increase in assessed value of $127.8 billion, up 8.14% from $138.2 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $3,801.0 million, based on a 2.7% tax rate before considering homestead exemptions. Harris has 26,247 homes valued at $1 million or higher. They are valued at $45.6 billion in 2021, up from $42.5 billion in 2020. Values were increased for 20,831 homes, reduced for 3,024 homes, and remained flat for 2,392 homes. Homes valued at $300,000 to 500,000 increased from $49.9 billion in 2020 to $54.5billion in 2021, an 9.2% increase. Of the 148,286 in this price range, values were increased for 127,494, reduced for 11,663 and remained f...
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Williamson County Residential Values Increase 22%

  Property tax assessments for homes were increased by 22% for the tax year 2021, based on a review of 104,838 homes valued by Williamson Appraisal District. Homes valued between $500K to $1 million had the largest increases, average 22.2% higher than 2020. Review of 104,838 homes valued at $300,000 or indicates an increase in assessed value of $37.2 billion, up 16.5% from $43.35 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $1266.5 million, based on a 2.7% tax rate before considering homestead exemptions. Williamson has 1,224 homes valued at $1 million or higher. They are valued at $1.2 billion in 2021, up from $1 billion in 2020. Values were increased for 1,148 homes, reduced for 76 homes, and remained flat for 0 homes. Homes valued at $300,000 to 500,000 increased from $24.50 billion in 2020 to $28.60 billion in 2021, an 16.7% increase. Of the 79,781 in this price range, values were increased for 78,880, reduced for 901, and remained f...
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Wise County Residential Values Increase 15.9%

  Property tax assessments for homes were increased by 15.9% for the tax year 2021, based on a review of 7,478 homes valued by Wise Appraisal District.  Homes valued between $500k to $1 million had the largest increases, average 16.8% higher than 2020. Review of 7,478 homes valued at $300,000 or indicates an increase in assessed value of $2.46 billion, up 15.8% from 2.85 billion in 2021.  Total property taxes for 2021 for homes valued over $300,000 would total $100.17 million, based on a 2.7% tax rate before considering homestead exemptions. Wise has 299 homes valued at $1 million or higher.  They are valued at $0.18 billion in 2021, up from $0.15 billion in 2020.  Values were increased for 267 homes, reduced for 24 homes, and remained flat for 8 homes. Homes valued at $300,000 to 500,000 increased from $1.5 billion in 2020 to $1.8 billion in 2021, an 14.9% increase.  Of the 5,289 in this price range, values were increased for 5,124, reduced for 105, and re...
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Denton County Residential Values Increase 11.5%

  Property tax assessments for homes were increased by 11.5% for the tax year 2021, based on a review of 136,150 homes valued by the Denton Appraisal District. Homes valued at $1 million or higher had the largest increases, an average of 14% higher than 2020. Review of 136,150 homes valued at $300,000 or indicates an increase in assessed value of $56.16 billion, up 11.3% from 62.55 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $1740.9 million, based on a 2.7% tax rate before considering homestead exemptions. Denton has 3,168 homes valued at $1 million or higher. They are valued at $3.7 billion in 2021, up from $3.2 billion in 2020. Values were increased for 2,591 homes, reduced for 542 homes, and remained flat for 35 homes. Homes valued at $300,000 to 500,000 increased from $32.92 billion in 2020 to $36.57 billion in 2021, an 11.0% increase. Of the 96,838 in this price range, values were increased for 90,281, reduced for 5,917 and remaine...
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Fort Bend County Residential Values Increase 6.7%

  Property tax assessments for homes were increased by 6.7% for the tax year 2021, based on a review of 85,297 homes valued by the Fort Bend Appraisal District. Homes valued at $1 million or higher had the largest increases, average 8.4% higher than 2020. Review of 85,297 homes valued at $300,000 or indicates an increase in assessed value of $35.6 billion, up 6.6% from $37.9 billion in 2021.  Total property taxes for 2021 for homes valued over $300,000 would total $1036.5 million, based on a 2.7% tax rate before considering homestead exemptions. Fort Bend has 1508 homes valued at $1 million or higher. They are valued at $2.1 billion in 2021, up from $2 billion in 2020. Values were increased for 1,123 homes, reduced for 385 homes, and remained flat for 0 homes. Homes valued at $300,000 to 500,000 increased from $23.1 billion in 2020 to $24.7 billion in 2021, an 6.9% increase. Of the 65,992 in this price range, values were increased for 51,356, reduced for 14,611, and remained f...
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Dallas County Residential Values Increase 4.8%

  Property tax assessments for homes were increased by 4.8% for the tax year 2021, based on a review of 146,879 homes valued by the Dallas Appraisal District. Homes valued at $1 million or higher had the largest increases, average 5.4% higher than 2020. Review of 146,879 homes valued at $300,000 or indicates an increase in assessed value of $90.12 billion, up 5.2% from $94.84 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $2593.7 million, based on a 2.7% tax rate before considering homestead exemptions. Dallas has 18,640 homes valued at $1 million or higher. They are valued at $35.62 billion in 2021, up from $33.85 billion in 2020. Values were increased for 6,231 homes, reduced for 990 homes, and remained flat for 11,419 homes. Homes valued at $300,000 to 500,000 increased from $31.17 billion in 2020 to $32.82 billion in 2021, an 5.3% increase. Of the 87,887 in this price range, values were increased for 23,318, re...
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Wise Appraisal Districts Raises Commercial Values 10.2% In 2021

  Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID. Wise Appraisal District raised the overall taxable value of commercial properties by 10.2%, for the 8,143 commercial properties with 2021 values available. The 2021 increase in Wise Appraisal District taxable values is summarized below: Office             1.47% Land               6.30% Apartment     47% Taxable values were increased for 6 of 12 office buildings. The total assessed value increased to $0.0014 billion in 2021 from $0.0013 billion in 2020. The increases are surprising considering the impact of COVID on office occupancy. Land values soared 6.30%. The taxable value of vacant land rose fr...
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