Harris Co. property values released

March 20, 2009 10:32:36 AM PDT
It's news a lot of homeowners have been waiting to hear. Harris County has released this year's residential property values. Those notices are beginning to hit mailboxes today. [SIGN UP: Get headlines and breaking news sent to you]

The overall trend, as expected, is down a little bit. The Harris County Appraisal District looked at approximately 860,000 properties and what they've seen is that 16 percent of the properties increased in value, 45 percent decreased in value and 30 percent remained the same.

Overall, there's about a 2.5 percent decrease, but that's only on properties they've appraised so far. According to the appraisal district, new construction homes and homes damaged by Hurricane Ike have not yet been fully appraised.

But they say even though there has been a decrease, County leaders say we've not been hit as hard by the downturn in the economy on the housing front compared to other parts of the country.

"We never had that huge run-up in selling prices here that we had in a lot of other places in the United States and consequently, we didn't have a housing bubble that burst here when the national economy began to turn sour and consequently, the decreases we've seen so far have not been as great," said Harris County Chief Appraiser Jim Robinson.

The district is encouraging homeowners to look thoroughly at those appraisals when they get them in the mail and if they want to challenge, they need to do so right away. You can learn more about the newly released information on the Harris County Tax Appraiser's website

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