Add custom taxonomy under the category title

I FINALLY figured it out. Phew. Answer is as follows:

add_action( 'woocommerce_after_subcategory', 'my_add_cat_description', 12);
function my_add_cat_description ($category) {
$cat_id=$category->term_id;
$prod_term=get_term($cat_id,'product_cat');
$term_meta =  get_option( "taxonomy_$cat_id" );
echo '<div class="cat_desc">'.$term_meta['custom_term_meta'].'</div>';
}

I hope this saves someone some time.