Low Income Housing Apartment Capitalization Rate

The Gillespie Central Appraisal District hereby gives notice of the capitalization rate to be used for the current appraisal year to value properties under Texas Property Tax Code, Section 11.1825.

The current year’s overall capitalization rate for low income restricted apartment projects in Gillespie County, Texas is 9.00%. However, adjustments may be made based on the individual characteristics and the information provided to the chief appraiser as required under sections 11.1825 and 11.1826.