Site icon AutoVe

Victoria property market values on the rise | Local News

Victoria property market values on the rise | Local News

Victoria is uniquely situated two hours from major cities like Houston and San Antonio, 30 miles or so from the gulf coast and is surrounded by plants. But what does this mean for the market value of property in the city and in the county?

“A lot of people seem to think that if other areas in the state are decreasing in value that Victoria will too,” Chief Appraiser with the Victoria Central Appraisal District, Keri Wickliffe, said. “I’m here to tell you, this is the most unique market I’ve ever seen in Texas.”

Prior to the pandemic in 2020, the average increase on residential properties was 36% a year. Since COVID, the central appraisal district is seeing an increase of 7 to 15% annually on the average price for residential homes.

“We are very well-serviced by the plants being around us because those counties don’t have housing like we do here. Those workers and their families shop here and do their business here,” Wickliffe said. “People think if businesses go, the market value will go down as well, but they’re not.”

This past year, the Central Appraisal District saw a few foreclosures throughout the county but not what it was expecting to see based on interest rates.

Victoria Comparison Statistics 2025

Category 2024 Market Value as of Certification 2025 Market Value as of 4/15/2025 Total % Change
Victoria County Total Market Value $14,628,517,350 $15,386,707,585 5.20%
A — Victoria County Single Family Residential Market Value $5,399,195,055 $5,812,669,027 7.66%
B — Victoria County Multi-Family Market Value $450,610,454 $609,627,873 35.29%
F1 — Victoria County Commercial Market Value $1,451,907,091 $1,916,023,391 31.97%

Residents can also protest the appraisal of their properties.

District Evidence:

  • Check the red box on the appeal form to receive the district’s evidence packet.
  • Evidence will be delivered in the same format as the submitted appeal. Check your SPAM folder if you submitted your appeal online.

Resident’s Evidence:

  • Be sure to submit your evidence at least two business days before your scheduled meeting or hearing and to include your Property ID or address.
  • Suggested types of evidence includes: photographs, repairs estimates, closing statements and fees.
  • Appraisals, or market analysis from a realtor
  • The best evidence is any data that supports your reasons for appealing your value.

“People often ask me, what can I bring that’s actually going to make a difference when I go into my protest hearing?” Wickliffe said. “The biggest thing is anything you think affects your value. Photos, bids, appraisals. If you just bought your house, an inspection report.”

So what comes next after filing a protest?

Informal Conferences:

  • Informal meeting with an appraiser
  • Held by phone, Zoom or through online appeals
  • You will receive a call before your hearing date if you requested an informal

Formal Hearing:

  • The Appraisal Review Board is a separate and independent entity from the appraisal district. Held by phone, Zoom or by affidavit. In person hearings can be requested
  • Only necessary if you cannot come to a resolution at your informal.
  • There are post ARB (Appraisal Review Board) remedies available if you still disagree with your value. Each option has a specific filing deadline and fee.

Learn about your understanding your property tax exemptions from this Victoria Advocate story.

For more information about the Central Appraisal District, please visit


link

Exit mobile version