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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