- Mr. Bubble
By Laylan Copelin and Shonda Novak
Travis property values face first drop since 2003
5.3 percent projected decline would mean a $6.5 billion hit to tax rolls.
Published: 11:44 p.m. Friday, April 9, 2010
The recession that wiped out thousands of jobs in Central Texas also erased $6.5 billion from the market value of Travis County properties.
The 5.3 percent drop in values from 2009 was the first decline since 2003, according to preliminary figures from the Travis Central Appraisal District.