Texas counties release market and assessed values throughout March and April to send notice of valuations to homeowners and commercial property owners. Since 2022, we have collected this public data and tracked market and assessed values, as well as value percentage changes.
This data and research reveal that appraised values are changing but not uniformly across property market value bands. Learn about market trends and which properties are being overvalued and have the best opportunity to protest their property taxes.
Bexar County
Top residential stats:
Median Market Value: $275,930 (0% change from 2024)
Median Assessed Value: $274,370 (0% change from 2024)
Assessment Gap: Varies by price band (up to 3.95% for $1M-$1.5M homes)
Properties Most at Risk: $750K-$1.5M homes
Top commercial stats:
Median Market Value: $651,960 (+0.22% from 2024)
Median Assessed Value: $640,057 (+0.66% from 2024)
Fastest Growing: Commercial (3.01%) & Retail (2.78%)
Properties Most at Risk: Retail & Industrial properties
Top 2025 Bexar County Takeaways:
Market Stabilization: After significant growth in 2022-2023 (9.36% residential, 9.89% commercial), market values have essentially flattened in Bexar County, while assessed values continue rising in many segments
Value Gap Growing: Despite flat market values, assessed values continue to increase, especially in higher-end residential properties, creating strong protest opportunities
Luxury Properties Leading: Homes valued at $1.5M+ are seeing the strongest market value growth (3.25%-4.51%), significantly outpacing more affordable homes
Commercial Circuit Breaker Impact: Properties valued under $6M show clear assessment gaps between market value and assessed value increases, with the largest gaps (0.94%) appearing in the $0.5M-$0.75M band
Residential Market vs. Assessed Value Trends
Bexar County's residential market experienced strong growth in 2022-2023, followed by a significant leveling-off in 2023-2025. After a 9.36% increase in median market values from 2022 to 2023, values have remained essentially unchanged for the past two years.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 9.36% | 10% | 0.64% |
2023-2024 | 0% | 7.59% | 7.59% |
2024-2025 | 0% | 0% | 0% |
While the overall median assessed value change shows no change this year, this varies significantly across different price bands. The data shows that many higher-priced properties are still experiencing continued increases in assessed values despite flat market values.
Commercial Market vs. Assessed Value Trends
Commercial properties in Bexar County have shown more consistent, though decelerating, growth over the three-year period, with median market values increasing 9.89% in 2022-2023, 3.75% in 2023-2024, and just 0.22% in 2024-2025.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 9.89% | 9.91% | 0.02% |
2023-2024 | 3.75% | 3.95% | 0.2% |
2024-2025 | 0.22% | 0.66% | 0.44% |
The gap between market value growth and assessed value growth has been widening each year, reaching 0.44% this year. This suggests that assessed values are slightly outpacing actual market performance, creating opportunities for commercial property tax protests.
Commercial Property Growth by Property Class (2024-2025)
Different commercial property classes have experienced varying growth patterns. The biggest increases are retail, office, and industrial.
Meanwhile, multi-family and lodging properties have experienced no growth since last year.
Property Type | Number of Properties | Median MV | MV % Change | AV % Change | Gap Between MV and AV |
|---|---|---|---|---|---|
Other | 2,577 | $632,410 | 3.01% | 3.65% | 0.64% |
Retail | 10,396 | $939,040 | 2.78% | 3.61% | 0.83% |
Office | 5,444 | $1,044,044 | 1.82% | 2.30% | 0.49% |
Industrial | 2,406 | $930,000 | 1.06% | 1.90% | 0.83% |
Multi-family | 9,133 | $310,360 | 0% | 0% | 0% |
Lodging | 407 | $3,800,000 | 0% | 0% | 0% |
Commercial Properties by Market Value Bands
Bexar County's commercial property market has demonstrated moderate yet uneven growth across different value bands from 2022 to 2025.
The 20% Circuit Breaker Impact
Similar to other Texas counties, properties valued under $5 million in Bexar County exhibit a distinct gap between their market and assessed values, while those over $5 million show minimal or no gaps.
This pattern reflects the impact of Texas's 2023 law that limits annual appraised value increases to 20% for commercial properties valued at $5 million or less:
$0-0.5M Band:
MV Change: 0.00%
AV Change: 0.00%
Gap: 0.00%
$0.5M-0.75M Band:
MV Change: 0.78%
AV Change: 1.72%
Gap: 0.94% (largest gap)
$0.75M-1M Band:
MV Change: 1.09%
AV Change: 1.92%
Gap: 0.82%
$1M-3M Band:
MV Change: 3.68%
AV Change: 4.19%
Gap: 0.51%
$3M-6M Band:
MV Change: 3.29%
AV Change: 3.56%
Gap: 0.27%
$6M-10M Band:
MV Change: 2.30%
AV Change: 2.34%
Gap: 0.04%
$10M-20M Band:
MV Change: 0.01%
AV Change: 0.10%
Gap: 0.09%
$20M+ Bands:
MV Change: 0.00%
AV Change: 0.00%
Gap: 0.00%
The mid-market commercial properties ($1M-$6M) are experiencing the strongest growth in 2024-2025, while properties at both the lower and higher ends of the spectrum show minimal or no growth.
2025 Bexar County Tax Protest Tips
For Homeowners:
Historical Context: While median market values increased significantly in 2022-2023 (9.36%), they have remained essentially flat over the past two years. Homeowners, particularly for homes valued over $500,000, can point to this market stabilization as evidence that assessments should not continue to rise at rates exceeding market growth.
Near-Luxury Home Focus: Owners of properties valued between $750,000 and $1.5 million have the strongest case for protest, with gaps between market and assessed value changes of 3.82% to 3.95%.
For Commercial Property Owners:
Office Market Challenges: With high vacancy rates (near 17.5%) and modest value growth (1.82%), office property owners have strong market-based arguments to challenge assessments.
Market Slowdown Evidence: The dramatic slowdown in commercial property value growth — from 9.89% in 2022-2023 to just 0.22% in 2024-2025 — provides compelling evidence that assessments should reflect this deceleration.
Small-to-Medium Commercial Properties: Properties valued between $0.5M-$0.75M show the largest gap (0.94%) between market and assessed value growth, creating the strongest case for successful protests.
Collin County
Top residential stats:
Median Market Value: $511,701 (+0.02% from 2024)
Median Assessed Value: $496,606 (+8.25% from 2024)
Assessment Gap: 8.23% (assessed > market growth)
Properties Most at Risk: $500K-$750K homes
Top commercial stats:
Median Market Value: $1,487,308 (+8.85% from 2024)
Median Assessed Value: $1,426,620 (+9.44% from 2024)
Fastest Growing: Multi-family (+10.03%) & Industrial (+10%)
Properties Most at Risk: Retail & Industrial properties
Top 2025 Collin County Takeaways:
Growth Continues: Collin County remains one of the fastest-growing counties in North Texas, with significant housing unit gains (18,000 units from 2022-2023)
Assessment Catch-Up: Despite essentially flat residential market growth (0.02%), assessed values continue rising substantially (8.25%), creating strong protest opportunities
Median Value Gap Closing: Residential assessed values ($496,606) now at approximately 97% of market values ($511,701)
Disparate Impact: Upper-middle market homes ($500K-$750K) face the largest assessment gap (9.93%), making them prime candidates for tax protests
Residential Market vs. Assessed Value Trends
Over the past four years, the median market value has increased annually and is now at $511,701 — up from $433,496 in 2022. Following a rapid appreciation in 2022-2023, market values have essentially stabilized over the past two years.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 13.04% | 10% | -3.04% |
2023-2024 | -1.75% | 10% | 8.04% |
2024-2025 | 0.02% | 8.25% | 8.23% |
Collin County residents are still experiencing a "catch-up" effect, as assessed values remain below market values due to the area’s rapid appreciation and the 10% annual cap on assessed value increases.
Thus, even with stabilizing market values, Collin County residents should anticipate an increase in property taxes.
Commercial Market vs. Assessed Value Trends
Commercial properties in Collin County exhibit a greater alignment between market and assessed values compared to residential properties, with gaps averaging just 0.59% across all commercial properties from 2024 to 2025.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 6.79% | 6.78% | 0.01% |
2023-2024 | 4.74% | 4.73% | 0.01% |
2024-2025 | 8.85% | 9.44% | 0.59% |
Commercial Property Growth by Property Class (2024-2025)
Over the past five years, and across every commercial property vertical, Collin County has experienced increases in median market values, with notable jumps this year in the industrial and multifamily sectors.
Property Type | Number of Properties | Median MV | MV % Change | AV % Change | Gap Between MV and AV |
|---|---|---|---|---|---|
Other | 5,900 | $1,935,960 | 9.88% | 10.69% | 0.81% |
Industrial | 179 | $2,410,485 | 10% | 10.56% | 0.56% |
Multi-family | 702 | $20,659,549 | 10% | 10.03% | 0% |
Office | 1,102 | $2,491,028 | 3.44% | 3.55% | 0.10% |
Retail | 2,258 | $507,882 | 7.71% | 8.24% | 0.53% |
Commercial Properties by Market Value Bands
Collin County's commercial property market has demonstrated moderate growth from 2022 to 2025, with apparent differences in gap patterns between properties valued under $6 million and those above this threshold. This is likely due to the commercial circuit breaker, which limits assessed value increases by 20% for properties under $5 million.
Properties valued at $6 million and above show no gap between market and assessed value percentage changes, while those under $6 million all show some gap. This discrepancy primarily stems from Texas's circuit breaker law.
$0-0.5M Band:
MV Change: 8.88%
AV Change: 9.39%
Gap: 0.50%
$0.5M-0.75M Band:
MV Change: 9.80%
AV Change: 10.28%
Gap: 0.48%
$0.75M-1M Band:
MV Change: 8.60%
AV Change: 9.62%
Gap: 1.02%
$1M-3M Band:
MV Change: 7.67%
AV Change: 8.46%
Gap: 0.79%
$3M-6M Band:
MV Change: 9.46%
AV Change: 10.00%
Gap: 0.54%
$6M-10M Band:
MV Change: 10.91%
AV Change: 10.91%
Gap: 0.00%
$10M-20M Band:
MV Change: 9.63%
AV Change: 9.63%
Gap: 0.00%
$20M-50M Band:
MV Change: 8.72%
AV Change: 8.72%
Gap: 0.00%
$50M+ Band:
MV Change: 6.36%
AV Change: 6.36%
Gap: 0.00%
2025 Collin County Tax Protest Tips
For Homeowners:
Widening Assessment Gap: Despite market values growing by just 0.02% in 2024-2025, assessed values increased by 8.25%, creating an 8.23% gap that represents significant potential overassessment.
Value Band Focus: Owners of properties valued between $ 500,000 and $ 750,000 have the strongest case for protest, with a 9.93% gap between market and assessed value changes. This is followed by luxury properties ($1.5M to $3M), which have an 8.00% gap.
Market Value Declines: Properties in the $100K-$500K range actually saw market value declines while assessments increased, creating a clear case for potential reassessment.
For Commercial Property Owners:
Retail Overassessment: Retail properties show a positive gap of 0.53% between assessed and market value increases, indicating potential overassessment in this sector.
Industrial Property Concerns: Industrial properties show a gap of 0.56%, suggesting room for successful protests.
Steady growth: Commercial properties exhibited relatively steady growth, with median market values increasing by approximately 21.5% over three years.
Denton County
Top residential stats:
Median Market Value: $455,251 (+0.79% from 2024
Median Assessed Value: $445,298 (+6.85% from 2024
Assessment Gap: 6.06% (assessed > market growth)
Properties Most at Risk: $300K-$750K homes
Top commercial stats:
Median Market Value: $1,134,241 (+13.90% from 2024)
Median Assessed Value: $876,189 (+13.36% from 2024)
Fastest Growing: Office (+18.27%)
Properties Most at Risk: Office & under $500K
Top 2025 Denton County Takeaways:
Assessment Catch-Up: Despite flat residential market growth (0.79%), assessed values continue rising (6.85%), creating protest opportunities
Commercial Surge: Commercial properties experiencing strong growth (13.90%), with office properties leading (18.27%)
Value Gap: Commercial properties are assessed at only 77.25% of market value vs. 97.81% for residential properties
Protest Opportunity: Residential properties in the $300K-$750K range have the strongest protest case, with 4.67%-7.65% assessment gaps
Residential Market vs. Assessed Value Trends
Over the past four years, the median market value has fluctuated significantly and is now at $455,251 — up from $375,645 in 2022.
Notably, Texas's 10% homestead cap has a significant impact on assessed value percentage changes. The Texas legislature designed the homestead cap to protect homeowners from rapid assessment increases.
As market values have grown, assessed values have been playing "catch-up," as you can see in the data below:
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 19.68% | 10% | -9.68% |
2023-2024 | -1.75% | 10% | 11.74% |
2024-2025 | 0.79% | 6.85% | 6.06% |
Commercial Market vs. Assessed Value Trends
Unlike residential properties, commercial properties in Denton County show a remarkably close alignment between market value changes and assessed value changes.
The minimal gaps, averaging just -0.55% from 2024 to 2025, suggest that commercial assessments are closely tracking actual market performance.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 6.8% | 6.43% | -0.36% |
2023-2024 | 1.23% | 2.31% | 1.08% |
2024-2025 | 13.9% | 13.36% | -0.55% |
Commercial Property Growth by Property Class (2024-2025)
Texas's 2023 law, which limits annual appraised value increases to 20% for commercial properties valued at $5 million or less, has a limited impact in Denton County, particularly in the office sector.
Office properties, with a median market value of $433,575, are seeing assessment increases capped at 20%, despite an 18.27% change in market value.
Property Type | Number of Properties | Median MV | MV % Change | AV % Change | Gap Between MV and AV |
|---|---|---|---|---|---|
Office | 1,176 | $433,575 | 18.27% | 20.00% | 1.74% |
Multi-Family | 1,009 | $1,562,271 | 14.89% | 14.87% | -0.02% |
Industrial | 71 | $1,456,809 | 13.48% | 14.62% | 1.14% |
Other | 10,260 | $1,267,086 | 13.36% | 12.28% | -1.08% |
Commercial Properties by Market Value Bands
Denton County's commercial property market has demonstrated exceptional growth from 2022 to 2025, with variations across different value bands.
The data reveals that mid-to-large commercial properties ($10M-$20M) are experiencing the strongest growth at 26.74%, while smaller commercial properties ($0.5M-$0.75M) are showing the slowest growth at 10.76%.
Additionally, for commercial properties valued at over $10 million, the Denton Central Appraisal District (DCAD) aligns the assessed values with their actual market values, with zero gap between market and assessed value percentage changes.
$0-0.5M Band:
MV Change: 12.39%
AV Change: 12.96%
Gap: 0.57%
$0.5M-0.75M Band:
MV Change: 10.76%
AV Change: 10.00%
Gap: -0.76%
$0.75M-1M Band:
MV Change: 11.45%
AV Change: 10.08%
Gap: -1.37%
$1M-3M Band:
MV Change: 13.12%
AV Change: 12.13%
Gap: -0.99%
$3M-6M Band:
MV Change: 19.41%
AV Change: 18.72%
Gap: -0.69%
$6M-10M Band:
MV Change: 23.63%
AV Change: 23.38%
Gap: -0.25%
$10M-20M Band:
MV Change: 26.74%
AV Change: 26.74%
Gap: 0.00%
$20M-50M Band:
MV Change: 21.24%
AV Change: 21.24%
Gap: 0.00%
$50M+ Band:
MV Change: 12.57%
AV Change: 12.57%
Gap: 0.00%
2025 Denton County Tax Protest Tips
For Homeowners:
1. Persistent Assessment Growth Despite Flat Market: Despite minimal market value growth of 0.79% in 2024-2025, assessed values are still increasing by 6.85%, creating a 6.06% gap that represents potential overassessment.
2. Historical Context: Property owners can point to the fact that assessed values have been increasing at or near the maximum 10% rate for years, despite significant market volatility, including a -1.75% market value decline in 2023-2024.
For Commercial Property Owners
1. Office Property Overassessment: Office properties show a positive gap of 1.74% between assessed and market value increases, indicating potential overassessment in this sector.
2. Systemic Undervaluation: With commercial assessed values at only 77.25% of market values (compared to 97.81% for residential), commercial property owners can argue that the assessed-to-market-value ratio should remain consistent with historical patterns.
Harris County
Top residential stats:
Median Market Value: $277,456 (+1.02% from 2024)
Median Assessed Value: Rising at varying rates across price bands
Assessment Gap: 3.3% (assessed > market growth)
Properties Most at Risk: $1M-$5M luxury homes
Top commercial stats:
Median Market Value: $770,527 (+3.06% from 2024)
Assessed Value Trend: Higher-valued properties are seeing greater increases
Fastest Growing: Retail properties (+7.43%) & Office properties (+3.71%)
Properties Most at Risk: $1M-$20M commercial properties
Top 2025 Harris County Takeaways:
Tiered Residential Growth: Clear correlation between property values and growth rates, with luxury properties ($3M-$5M) seeing a dramatic 12.39% increase in median market values while the lowest-priced homes (under $300K) remain flat.
Stabilizing Market: After the dramatic 13.04% residential growth in 2022-2023, the market has normalized to more sustainable levels, with some segments (entry-level homes) showing signs of correction.
Retail Sector Boom: Retail properties lead commercial growth at a 7.43% median market value percentage increase, suggesting robust growth in higher-value retail assets.
Mid-Tier Commercial Strength: Properties valued between $1M-$20M are experiencing the strongest growth, with a median growth of 6.35%. Properties in the $10M-$20M range show a 6.99% median increase.
Residential Market vs. Assessed Value Trends
The Harris County residential real estate market has stabilized after experiencing a sharp increase of 13.04% in median market values from 2022 to 2023.
Median market values decreased by 1.1% from 2023 to 2024, followed by a modest 1.02% increase from 2024 to 2025.
This pattern suggests the Harris County residential market is finding equilibrium after the pandemic-driven surge, with prices essentially holding steady over the past two years. However, the stability in overall median values masks significant disparities between different price segments.
The most striking feature of Harris County's residential market is the apparent correlation between property value and growth rates:
Price Band | Number of Properties | Median Market Value % Change |
|---|---|---|
$0-$100K | 62,955 | 0% |
$100K-$300K | 607,841 | 0% |
$300K-$500K | 315,271 | 1.63% |
$500K-$750K | 86,006 | 3.89% |
$750K-$1M | 27,874 | 6.3% |
$1M-$1.5M | 21,864 | 7.6% |
$1.5M-$3M | 15,039 | 9.83% |
$3M-$5M | 2,121 | 12.39% |
$5M+ | 448 | 7.35% |
This tiered growth pattern shows that entry-level and affordable housing are experiencing stagnation, while luxury properties continue to appreciate significantly.
Additionally, like in other Texas counties, assessed values are still catching up to the 2020 through 2023 boom due to the 10% annual cap on assessed value increases.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | 13.04% | 10% | 3.04% |
2023-2024 | -1.10% | 6.57% | 7.67% |
2024-2025 | 1.02% | 4.32% | 3.3% |
Commercial Market vs. Assessed Value Trends
Commercial properties in Harris County have shown more consistent growth than residential properties, with a median market value increase of 3.06% from 2024 to 2025, up from 1.18% the previous year.
With over 60,000 commercial properties, Harris County offers a diverse commercial real estate landscape. Similar to the residential market, there are notable variations in performance across property types and value bands.
Property Type | Number of Properties | Median MV | MV % Change | AV % Change | Gap Between MV and AV |
|---|---|---|---|---|---|
Industrial | 17,107 | $846,683 | 3.37% | 3.64% | 0.27% |
Multi-Family | 7,052 | $608,152 | 0% | 0.26% | 0.26% |
Office | 4,882 | $727,528 | 3.71% | 3.81% | 0.10% |
Other | 21,760 | $647,323 | 1.6% | 2.45% | 0.85% |
Retail | 9,353 | $1,078,724 | 7.43% | 7.22% | -0.21% |
Retail is the fastest-growing sector this year, likely reflecting a strong recovery in consumer spending. The next two fastest-growing sectors are Office (3.71%) and Industrial (3.37%), two historically strong markets for the Houston area.
Commercial Properties by Market Value Bands
Harris County's commercial property market shows a clear correlation between property value and growth rates across most market value bands under $20 million. There’s a slight dip for properties over $20 million, but there’s still growth.
Again, similar to other counties, we’re seeing the 20% circuit breaker for commercial properties valued under $5 million impacting growth. Like homesteaded properties, assessments may be catching up to prior market appreciation due to previous limitations on assessment increases.
$0-0.5M Band:
MV Change: 1.17%
AV Change: 1.66%
Gap: 0.49%
$0.5M-0.75M Band:
MV Change: 2.82%
AV Change: 3.15%
Gap: 0.33%
$0.75M-1M Band:
MV Change: 4.15%
AV Change: 4.44%
Gap: 0.29%
$1M-3M Band:
MV Change: 5.61%
AV Change: 5.6%
Gap: 0.01%
$3M-6M Band:
MV Change: 6.27%
AV Change: 6.08%
Gap: -0.19%
$6M-10M Band:
MV Change: 6.53%
AV Change: 6.53%
Gap: 0%
$10M-20M Band:
MV Change: 6.99%
AV Change: 6.99%
Gap: 0%
$20M-50M Band:
MV Change: 4.21%
AV Change: 4.21%
Gap: 0%
$50M+ Band:
MV Change: 2.16%
AV Change: 2.16%
Gap: 0%
2025 Harris County Tax Protest Tips
For Homeowners:
1. Entry-Level and Mid-Market Opportunities: Homes valued under $300,000 show flat market growth, creating a strong case for protests if assessments increased. Moreover, properties valued between $300,000 and $750,000 have seen modest growth (1.63% to 3.89%), well below typical assessment increases, offering solid grounds for protests.
2. Historical Context: While luxury properties continue to appreciate, the overall residential market has stabilized significantly after the 13.04% surge in 2022-2023. However, assessed values are still catching up due to the 10% homestead cap.
For Commercial Properties:
1. Multi-Family Stagnation: With flat market value growth in multi-family properties, an assessment increase creates immediate protest opportunities.
2. Ultra-High Value Slowdown: Properties valued at over $50M are growing much more slowly (2.16%) than mid-market commercial real estate, providing grounds for protests if assessments don't reflect this moderation.
Travis County
Top residential stats:
Median Market Value: Declining values with a 3.49% drop from 2024
Median Assessed Value: Still increasing at 2.54% from 2024
Assessment Gap: Growing divergence between falling market values and rising assessments
Properties Most at Risk: $1M-$3M homes (11.46% assessment gap)
Top commercial stats:
Median Market Value: $2,015,015 (+1.94% from 2024)
Median Assessed Value: $1,918,034 (+2.77% from 2024)
Fastest Growing: Industrial (+5.97%) & Multi-family (+5.58%)
Properties Most at Risk: Retail & Industrial properties
Top 2025 Travis County Takeaways:
Continued Assessment Growth: Despite declining residential market values (down 14% cumulatively since 2022), assessed values continue to rise due to the homestead cap
Commercial Property Circuit Breaker Impact: Properties under $6M show evident assessment gaps with median assessed values exceeding market value growth by up to 1.57%
Inverse Relationship by Value: Lower-priced residential properties are seeing market value increases, while higher-priced properties experience decreases or minimal changes
Dramatic Assessment Gaps: Luxury homes ($1M-$1.5M) face the largest assessment gaps (12.34%), making them prime protest candidates
Residential Market vs. Assessed Value Trends
Travis County's residential market has experienced a consistent cooling trend since the COVID-19 pandemic, with median market values declining annually.
Despite this, assessed values have continued to rise due to the "catch-up" effect from prior years of strong appreciation.
Years | Median Market Median Value % Change | Median Assessed Value % Change | Gap Between MV and AV |
|---|---|---|---|
2022-2023 | -2.12% | 10% | 12.12% |
2023-2024 | -8.34% | 10% | 18.34% |
2024-2025 | -3.49% | 2.54% | 6.03% |
This lag effect means homeowners are experiencing continued tax burden increases despite falling market values. The assessed value growth rate has slowed in 2024-2025 (2.54%) compared to prior years (10%), but remains positive even as market values decline.
Commercial Market vs. Assessed Value Trends
Commercial properties in Travis County show varied performance, with most verticals experiencing positive growth this year, except for lodging properties, which declined by 2.72%.
Property Type | Number of Properties | Median MV | MV % Change | AV % Change | Gap Between MV and AV |
|---|---|---|---|---|---|
Industrial | 2,780 | $1,795,501 | 5.97% | 6.67% | 0.70% |
Lodging | 246 | $10,953,426 | -2.72% | -2.72% | 0% |
Multi-Family | 1,758 | $12,954,000 | 5.58% | 5.66% | 0.08% |
Office | 4,076 | $2,173,434 | 1.57% | 1.90% | 0.34% |
Retail | 6,061 | $1,552,596 | 1.02% | 1.81% | 0.79% |
Commercial Properties by Market Value Bands
Travis County's commercial property market demonstrated consistent growth over the past four years with moderate annual increases.
The impact of the 20% circuit breaker on properties valued under $5 million is evident, as properties valued under $6 million exhibit a distinct gap between market and assessed values, while those over $6 million have no gap.
$0-0.5M Band:
MV Change: 0.25%
AV Change: 0.84%
Gap: 0.59%
$0.5M-0.75M Band:
MV Change: 1.64%
AV Change: 3.21%
Gap: 1.57% (largest gap)
$0.75M-1M Band:
MV Change: 3.43%
AV Change: 4.74%
Gap: 1.31%
$1M-3M Band:
MV Change: 2.47%
AV Change: 3.95%
Gap: 1.48%
$3M-6M Band:
MV Change: 2.35%
AV Change: 3.71%
Gap: 1.36%
$6M-10M Band:
MV Change: 2.16%
AV Change: 2.16%
Gap: 0%
$10M-20M Band:
MV Change: 2.13%
AV Change: 2.13%
Gap: 0%
$20M-50M Band:
MV Change: 2.76%
AV Change: 2.76%
Gap: 0%
$50M+ Band:
MV Change: 1.13%
AV Change: 1.13%
Gap: 0%
2025 Travis County Tax Protest Tips
For Homeowners:
Declining Market Values: Despite market values falling by a cumulative 14% since 2022, assessed values have continued to rise, creating a strong case for protests based on market value declines.
Value Band Focus: Owners of properties valued between $1 million and $3 million have the strongest case for protest, with gaps between market and assessed value changes exceeding 11%.
For Commercial Property Owners:
Retail Property Overassessment: Retail properties show the most significant relative gap (0.79%) between assessed and market value increases, making them excellent candidates for protests.
2. Circuit Breaker Impact: Leverage the fact that properties under $5M may be experiencing assessment increases due to the 20% circuit breaker limit, even when market values show minimal growth. As we’re seeing properties under $6 million with a 1.57% gap between market and assessed value growth.
Protest With Confidence
The 2025 data clearly shows substantial gaps between assessed values and true market performance, especially impacting higher-end homes and specific commercial property segments across counties.
Leveraging Ownwell's expertise, technology, and comprehensive insights, property owners can effectively challenge inflated assessments, maximizing their chances of securing meaningful reductions. Our previous research found that:
Texas homeowners in seven populous counties who did not protest in 2024 could have saved $722.35 million had they protested.
Similarly, non-protesting multi-family properties across nine dense counties could have saved over $25 million if they had protested.
Don't leave potential savings on the table — protest your property taxes with Ownwell this year and ensure you pay only your fair share.
