Williamson County reports $84.69B market value rise driven by residential and commercial growth

The Williamson County Commissioners Court held a regular session on June 3, 2025, focusing on significant developments in property values and housing growth within the county. The meeting highlighted a notable increase in the total market value of real properties, which rose from $170.27 billion to $184.69 billion. This growth is attributed to both existing property value increases and new developments in commercial and residential sectors.

The breakdown of the current market value reveals that residential properties account for approximately $108.7 billion, while commercial properties are valued at around $27 billion. Multifamily units, including apartment complexes and duplexes, contribute an additional $14.3 billion. The county has seen a substantial number of new residential constructions, with 8,300 new homes built this year, although this is a decrease from the peak of over 11,000 homes in 2022.

The discussion also touched on the impact of the homestead cap, which limits the assessed value increase for property taxes to 10% annually. Currently, about 30% of properties in Williamson County are still under this cap, which provides some relief to homeowners by keeping their tax assessments lower than the market value.

Commissioners expressed concerns about housing affordability, noting that most new residential constructions fall within the $200,000 to $500,000 range. The meeting underscored the ongoing challenges and dynamics of the housing market in Williamson County, as officials continue to monitor property values and development trends.

Overall, the session provided valuable insights into the county's real estate landscape, emphasizing the importance of understanding property classifications and the implications of market fluctuations on residents and local governance.