This week more than 417,000 appraisal notices are being sent to Travis County homeowners for 2016 property tax purposes. Homeowners will notice that the appraised values contained within these notices have risen, a reflection of continued home price appreciation that is occurring within Travis County and the city of Austin. According to the Travis Central Appraisal District, the average taxable home value in Austin rose year-over-year by 6.8 percent to $328,281. In Travis County the average taxable value, which is the market value minus exemptions, rose by 8.7 percent to $285,335. When eyeing homes with a homestead exemption, the average market value of an Austin residence is appraised at $389,318, a year-over-year increase of roughly 9.5 percent. In Travis County this average value spiked by 9 percent, reaching $387,537. Home sales up amid price increases Year-over-year home value gains have done little to impact Austin's existing sales market. According to the Austin B...
- Austin is considered the fastest growing city in the U.S. and a top market for real estate agents.
- The city has only 1.6 months of for-sale supply.
- The city is considered a top market for millennial buyers.