Nothing is certain, they say, but death and taxes. And it seems certain that property taxes, driven by a rise in popularity of this area, will certainly continue to rise.
Final appraised values showed Gillespie County properties again hitting the $7 billion mark, after being hit by the national recession for the past five years.
While Fredericksburg never suffered the debilitating real estate situations of other locales, sales activity did slow considerably. But the market for both residential and commercial property has heated up again considerably.
The average home value has risen to $216,000, up around $10,000 in the past five years. That’s slightly higher than the median home price in Texas ($212,000), though that includes every property from Alvin to Austin. And while we’re comparable to some parts of Austin, Fredericksburg is certainly not valued as high as the capital city’s high-rent districts.