By Ken Esten Cooke —
Home and business property tax valuations rose more than 10 percent in 2015, and taxpayers have until July 10 to discuss or protest their evaluations, said David Oehler, chief appraiser for the Gillespie Central Appraisal District (GCAD).
Total market values increased 5.1 percent this year, from $7,009,096,338 in 2014 to $7,366,510,706 in 2015.
Oehler said by category breakdown, single family home residential valuations increased 10.3 percent, from $1,209,103,042 last year to $1,334,118,423 this year.
The Gillespie County real estate market is definitely recovering from the slowdown that occurred during 2009-2012,” Oehler said. “Although the number of sales decreased dramatically during that time, Gillespie never saw the dramatic downturn in values as seen in much of the state. Now that the number of transactions is increasing, the market is much stronger and property values are increasing.”