OFFICE OF THE CHIEF APPRAISER
March 30, 2022
FORT BEND – Most property owners in Fort Bend County will receive their 2022 Notice of Appraised Value from the Fort Bend Central Appraisal District (FBCAD) next week.
The market value for residential properties increased an average of 31% from 2021 to 2022. The market value for properties with a homestead exemption increased an average of 28% from 2021 to 2022. However, properties with a homestead exemption will have a 10% cap or limit on the increase of their taxable value.
The overall value for commercial properties increased 16% from 2021 to 2022. The increase has been segment specific, with warehouse market values increasing on average 33%, and apartment values increasing 18% from 2021 to 2022. Retail property values increased on average 7% from 2021 to 2022.
“Despite the pandemic, the real estate market in 2021 was very active and that trend has continued for 2022,” said Jordan Wise, Chief Appraiser. “Fort Bend County is an area where families and business want to be. The 2022 tax year saw a 21% increase in the number of residential homes built and a 25% increase in the number of commercial properties constructed in the area. This marked the first time in FBCAD history that we’ve added more than 10,000 homes to the appraisal roll in a single year. According to the U.S. Census Bureau, Fort Bend County is in the top five for the largest-gaining counties in the United States. This growth is certainly a major factor in the unprecedented increase in the market value of properties.”