by Coy Holcombe.
First, I want to remind everyone that our basketball teams will be traveling to Wills Point tonight. The games will start at 4:30. Our soccer teams will be on the road in Lindale this evening. The girls will start at 5:30 followed immediately by the boys.
Below are the preliminary taxable values for our district for 2008. A figure that might seem strange is the decline in value under "Industrial Personal". From 2007 to 2008 this category went down over $11 million. This seemed out of line and so I contacted Bill Jackson at the Henderson County Appraisal District. He investigated and found out that the figure reported for 2007 was incorrect. We are in the process of getting that corrected now. The bottom line is that our taxable value increased about 8.4% from 2007 to 2008 (actually it will increase a little more after the correction mentioned above is made). The deductions also increased almost 11%. These values will be reported to the board in the February meeting.
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Property Value Comparisons 2007 to 2008 |
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| 2008 | 2007 | Difference | ||
| Single Family Residences | $405,802,710 | $368,615,380 | $37,187,330 | 10.09% |
| Multifamily Residences | $0 | $0 | $0 | |
| Vacant Lots | $35,383,710 | $31,599,060 | $3,784,650 | 11.98% |
| Rural Real | $85,863,850 | $73,849,710 | $12,014,140 | 16.27% |
| Commercial Real | $8,395,730 | $7,629,970 | $765,760 | 10.04% |
| Industrial Real | $12,000,000 | $12,000,000 | $0 | 0.00% |
| Oil, Gas, Minerals | $1,996,360 | $2,204,960 | -$208,600 | -9.46% |
| Utilities | $18,567,200 | $17,745,359 | $821,841 | 4.63% |
| Commercial Personal | $4,429,180 | $4,891,840 | -$462,660 | -9.46% |
| Industrial Personal | $1,539,920 | $13,047,140 | -$11,507,220 | -88.20% |
| Mobile Homes | $12,969,670 | $7,950,010 | $5,019,660 | 63.14% |
| Residential Inventory | $1,792,270 | $1,343,650 | $448,620 | 33.39% |
| Special Inventory | $3,030 | $5,310 | -$2,280 | -42.94% |
| Subtotal | $588,743,630 | $540,882,389 | $47,861,241 | 8.85% |
| Less Total Deductions | $114,017,785 | $102,914,200 | $11,103,585 | 10.79% |
| Total Taxable Value | $474,725,845 | $437,968,189 | $36,757,656 | 8.39% |
| Homestead & Vets | $47,496,350 | $46,550,260 | $946,090 | 2.03% |
| Cap Value Loss | $19,028,260 | $12,709,560 | $6,318,700 | 49.72% |
| Over 65 Freeze Loss | $47,051,283 | $43,169,774 | $3,881,509 | 8.99% |
| All Other | $441,892 | $484,606 | -$42,714 | |
| $114,017,785 | $102,914,200 | $11,103,585 | 10.79% | |