Galveston County Values Increased $3.7 Billion – Questions About Your Property Taxes?
At Bayou Realtors, we are here to answer questions that you may have about your property taxes. Please call 281-337-4557 and one of our agents will be happy to assist you.
The following information was provided by Cheryl Johnson, Galveston County Tax Assessor:
Galveston County Values Increased $3.7 Billion on existing properties. That does not include industrial or large commercial properties.
Economic Impact of Coronavirus
Although there is no evidence thus far, real estate prices could fall as a result of unemployment, an oversupply of housing and mortgage foreclosures caused by the pandemic (or falling oil prices). This will create economic depreciation and will likely result in reduced values.
CADs typically value half of the school districts each year. In 2020, GCAD reappraised Dickinson, Hitchcock and Texas City ISD’s. (If a high number of sales occurred in other areas, values will have increased in those neighborhoods as well.) In 2021, Clear Creek, Friendswood, Galveston and High Island ISD’s will be valued.
Economic depreciation takes time to be reflected in the marketplace and CADs are slow to recognize it. It is not likely that values will be lowered in school districts appraised in 2020. Thus, those protesting this year may find it beneficial to protest next year in order to benefit from lower values, thus lower taxes, both years.
Entity % Inc Existing Properties
Galveston County 12.3%
Bayou Vista 14.7%
Clear Lake Shores 5.5%
Dickinson 13.8%
Friendswood (GC) 9.4%
Galveston City 13.8%
Hitchcock 13.7%
Jamaica Beach 6.9%
Kemah 24.7%
La Marque 16.7%
League City (GC) 12.7%
Santa Fe 14.0%
Texas City 7.8%
Tiki Island 7.6%
At Bayou Realtors, we are here to answer questions that you may have about your property taxes.
Please call 281-337-4557 and one of our agents will be happy to assist you.