The Brown County Tax Appraisal office will likely begin sending out appraisal notices late next week. Many commercial property owners and Lake Brownwood property homeowners will see “appreciable” valuation increases, Chief Appraiser Doran Lemke said.
He did not have an estimate Friday of how much the values will go up. “We haven’t got it tweaked that good yet,” he said.
Construction at Lake Brownwood and a steadily improving commercial climate are driving up property values, Lemke said.
“The lake is really booming,” Lemke said. “There’s lots of construction going on at the lake. … People from West Texas are coming in and buying and building.”
New businesses are opening in areas including the Brady Highway, Early Boulevard and the traffic “T,” Lemke said.
“New businesses are buying land, and therefore it could raise the value of the rest of the land along the corridor,” Lemke said.
He said some homeowners will see only small increases in their homes’ appraised values, while others will see higher increases. Homes in the $50,000 to $200,000 range will have smaller increases because their previous appraisals were closer to the market value, Lemke said.