As part of the property appraisal, HCAD assigns separate values to the land and to the improvement (house). Within each neighborhood, land values tend to be function lot size. The values may vary considerably between neighborhoods.
Values that fall to the left of the trend lines on each graph are properties for which the homeowner has convinced HCAD of some limitations on the usefulness of part of the lot.
The following graph shows market values for improvements (houses) plotted against square footages of the homes for each neighborhood. These values were obtained by subtracting HCAD's lot valuation from the market value of the property. Pink blips in the graphs are sales prices of neighborhood homes which have sold in the past year.
The following graph shows market values for improvements (houses) plotted against square footages of the homes for each neighborhood. These values were obtained by subtracting HCAD's lot valuation from the market value of the property. Pink blips in the graphs are sales prices of neighborhood homes which have sold in the past year.
