Market Trends for Travis County Tax appraisal district Residential Property

Travis County Appraisal District: Overview of Residential Property 

In 2023, the total appraised value of single-family residences in Travis County Property Tax Protest reached $245.37 billion, with a median appraisal level of 1.01, aligning closely with market trends. Multi-family properties saw a surge to $48.24 billion, highlighting growing demand for rental and high-density housing. Overall, taxable property value rose by 11.53% to $388.55 billion.

Travis county tax protest
Travis county apprisal district

Impact of Rising Interest Rates on Travis County Property:

  • The total number of residential protests increased by 4.9% in 2023, indicating that higher interest rates might be impacting affordability and leading homeowners to challenge their appraised values​.
  • Sales transactions declined by 10.4%, suggesting a slowdown in market activity, which aligns with the effects of rising borrowing costs​.
  • New residential construction dropped by 45.1%, a significant decline that can be attributed to higher financing costs and economic uncertainty​.

Rising interest rates and economic uncertainty had a significant impact on the Travis County Property Tax Protest housing market in 2023, affecting affordability, sales, and new construction:

Housing Inventory Trends in Travis County:

  • The total number of residential properties noticed for appraisal increased by 2.2%, indicating a slight rise in housing inventory​.
  • Properties that received notices by April 15th saw a 56.5% increase, suggesting improved tracking and assessment of available homes​.
  • The number of permits processed for residential properties decreased by 32.4%, reflecting a potential slowdown in new housing development​.

TCAD‘s housing inventory saw slight growth in 2023, but new development showed signs of slowing amid shifting market dynamics.

Travis county apprisal district
Travis county apprisal district
Travis county apprisal district

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