Property Values and Tonight's Activities

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.

 

Property Value Comparisons 2007 to 2008

        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%

 

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