What will it do to nearby residential property values?

  • June 13, 2016

There are many factors that go into the valuation of residential property, including national, state and regional economic conditions, as well as neighboring development. According to its website, the Williamson Central Appraisal District compares a home to similar homes that have sold recently and determines the value accordingly. In other words, it is valued based on the sales of similar properties. Other considerations include age, size, condition and quality of construction of the home.