LUBBOCK, Texas — More than 180,000 Lubbock County homeowners received property appraisals starting March 31, and some viewers are reporting increases well over $40,000.
The Lubbock County Appraisal District says it looks at market values of January 1. According to Chief Appraiser Tim Radloff, the district looked at about 600 neighborhoods in Lubbock.
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“Approximately 170 neighborhoods had an increase, and that increase within those 170 neighborhoods was about 7%,” Radloff says. “We have to apply that neighborhood adjustment to every property within that neighborhood.”
Radloff said the county saw a 3% increase in residential property values overall. Higher increases could be based on a variety of factors, including location and the county’s continued growth…