The Kyle Report

The Kyle Report

Friday, August 12, 2016

Property tax bills likely to skyrocket even if tax rates remain the same

Welcome to Hays County where the ground beneath your feet grows considerably more valuable every single day.

I’m not making this up. A home with a market value of $163,332 (the average for this area) last year increased in value $39.79 a day during this year.

That means (1, the good news) a homeowner’s investment is appreciating nicely, providing a superb return on investment and (2, the perhaps not-so-good news) that homeowner’s tax bill is going to increase dramatically, even if tax rates stay the same (possible worst case scenario) or even go down (somewhat more likely).

Last year, Hays County reduced its tax rate because of increased home valuations and I’m guessing the City of Kyle will reduce its rate, at least by around a half-cent per $100 valuation, this coming fiscal year. However, the Hays Consolidated Independent School District, which consumes 54 percent of your total tax bill whether or not you have school-age children living at home, is planning on leaving its rate right where it is.

That translates into that homeowner with the market value home of $163,332 last year will pay $223.35 more just in school taxes alone this year and see a total tax bill of $4,331.97 (a $411.64 increase) if all the other tax rates remain the same this year.

As I said, "Welcome to Hays County where the ground beneath your feet grows considerably more valuable every single day."

1 comment:

  1. You are really comparing apples and oranges. All of Hays County includes those exclusive and high price suburbs to the west. And the services the county provides are minimal at best. When they do build roads - we pay for them through road bonds. Meanwhile, our school district - Hays CISD - has enclosed boundaries that encompass all types of territory, which is constantly growing and demanding new schools and needing more teachers. If the cities would stop growing - the problem would be solved with the school taxes. But then, it's really all about getting prepared for the school district elections in the spring, isn't it? I WANT MY FLAG AND DIXIE BACK

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