As Travis County homeowners get the 2021 property appraisal notices for their home over the coming weeks, they will confront the double-edged sword that is Austin s housing market.
The values of their properties are soaring which can be great if you are selling your home or plan to in the near future.
But if you are staying put, those rising values cut the other way, with property tax bills jumping by hundreds or even thousands of dollars every year and that s a scenario that s not expected to change anytime soon.
The Travis Central Appraisal District started mailing appraisal notices this week to 389,530 property owners. The notices include the market value of the property based on its status as of Jan. 1, and the taxable value of the property based on its exemptions and all of those numbers are rising quickly.