• November 27, 2014

Area property values climb

Print
Font Size:
Default font size
Larger font size

Related Documents

Posted: Sunday, July 28, 2013 4:30 am | Updated: 12:13 pm, Mon Jul 29, 2013.

Central Texas tax appraisal districts’ review of property values shows a steadily growing region during the past five years.

According to Bell County Tax Appraisal District, the county’s larger cities — Killeen, Harker Heights, Belton and Temple — all experienced more than 4 percent increases in their taxable property values.

Harker Heights realized the largest gains with 7.87 percent more taxable property, equaling more than $110 million in property.

“Countywide, we are about 4.5 to 4.75 percent overall,” said Marvin Hahn, Bell County’s chief appraiser.

New construction drove rising property values this year, with slight gains from higher market values, Hahn said.

“We have about $440 million in new construction this year, and that was up from what we have seen in the last three years,” Hahn said. “We have also seen a little bit of an uptick in the market this year, making the rest of the increases from (increased) values.”

For 2013, Killeen realized a 4.03 percent increase, or $194 million. Temple experienced a 5.9 percent increase, or $208 million. Belton saw a 5.46 percent rise, equaling $43.2 million.

Coryell County cities also saw increased property values.

Copperas Cove, which has property in both Coryell and Lampasas counties experienced 2.6 percent increase or $31 million. Values in Gatesville rose by 1.84 percent or $6 million.

“Copperas Cove had a lot of new construction to include the H-E-B and all the stuff that is going on along Constitution (Drive),” said Mitch Fast, Coryell Central Tax Appraisal District chief appraiser.

New construction and the rising market also contributed to increased taxable property values in Lampasas County, said Melissa Gonzales, the county’s chief appraiser.

Across the county, Oncor’s Transmission Line project added $23 million worth of property values, which is about half of the county’s increase, Gonzales said.

“There was more growth this year than the previous year,” Gonzales said. With the exception of 2010, when the state’s tax exemption for disabled veterans went into effect, taxable property values across Central Texas steadily increased by about 2 percent a year.

Before 2008, Bell County was growing by $600 million to $800 million per year, Hahn said. Since the recession, the county averaged $250 million to $350 million, which is a “positive thing and a good thing” for Bell County.

Hahn said traditionally the majority of the growth has been in the western part of the county.

Killeen experienced steady growth for several years, which was accompanied by taxable property value increases, City Manager Glenn Morrison said.

“While it varies from year to year. We hope to see continued growth and excellent growth,” Morrison said.

Morrison attributed the growth to Texas’ friendly business climate and Killeen’s location in Central Texas.

This growth means “more opportunity, from commercial and residential opportunities to enhanced products and services. I think that as we continue to grow ... private investors will continue to find us, and the communities all around Central Texas.”

More about

More about

More about

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

3 comments:

  • Praios posted at 7:14 pm on Mon, Jul 29, 2013.

    Praios Posts: 11

    Thank you. As a resident of Nolanville I'm hoping the city can become more than an exit on 190 to most people, it's location is great considering recent construction in Harker Heights.

     
  • Mason W Canales posted at 12:44 pm on Mon, Jul 29, 2013.

    Mason W Canales Posts: 4 Staff

    @Praios
    Nolanville was included in the bar chart information as was other cities such as Kempner, which is now on the website and was published in the Killeen Daily Herald. Most of the cities mentioned were selected to demonstrate the percentage increases and have much larger populations making them more notable to all our area readers. Kempner, Lampasas, and Salado also were not directly referenced but also had gains as they are part of three counties that were included in the story.

    I also built a spread sheet of all the taxable property value increases and decreases for the last five years. I will try to get that on the website as soon as possible. I am sure it needs formatting for the web and was too cumbersome to run in the daily paper.

    Thanks for reading, and thanks for the question. I hope I answered it.

     
  • Praios posted at 12:03 am on Mon, Jul 29, 2013.

    Praios Posts: 11

    Amazingly broad coverage all around the smaller city, yet Nolanville is completely left out. Any reason why? The new construction along 190 should make property in Nolanville appealling to those working in the new hospital and it's support building as well as the other building being built on that end of Harker Heights, yet no coverage of Nolanville property value. Nolanville is a small town, yet its potential should not be overlooked considering the location of recent growth of business buildings along 190, please include Nolanville in your coverage; particularly when covering such a massive stretch of central Texas.