Commercial Property Trends in Victoria County Texas Appraisal District

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Value Allocation in the Victoria County Commercial Property

  • Apartments and retail properties make up 48% of the commercial value allocation, according to appraisal data.
  • Warehouses and offices contribute 37% of the total value allocation.
  • Medical and hotel properties account for just 15% of the total value allocation based on evaluations.

Commercial property value allocation in Victoria County CAD highlights how different property types shape the overall tax base. Apartments and retail properties lead the way in Victoria Texas County Appraisal District data, representing nearly half of the total valuation.

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COMMERCIAL VALUES

Commercial Property Value Trends

  • The total value of commercial properties in Victoria County increased by 6.4% from 2023 to 2024, showing a steady upward trend, according to the latest Victoria Texas County Appraisal District data.
  • Retail properties recorded the strongest growth at 9.8%, with warehouses and offices following at 8.5% and 7.9%, respectively.
  • Hotels/motels (-5.4%) and apartments (-4.2%) saw a decline in value, reflecting continued market pressures in these sectors compared to last year’s records.

The Victoria County Texas Appraisal District data reveals significant reappraisal shifts across commercial properties, with retail and warehouse sectors driving most of the growth, while hospitality and apartment markets faced notable declines.

Rising Commercial Property Values Highlighted by VCAD in 2024

  • The overall commercial tax base in Victoria County has increased by an estimated 6.4%.
  • Over half (52.1%) of commercial properties experienced a rise in their estimated value, according to the latest data.
  • 27.3% of properties retained the same estimated value as the previous year.

The 2024 Victoria County Appraisal District (VCAD) commercial tax base reflects notable shifts in property valuations, directly impacting tax obligations for property owners.

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