2011 Certified Tax Values

Yesterday, we received the 2011 certified tax values from the Henderson County Appraisal District. These values, together with those from Van Zandt County, make up our total certified taxable value for the 2011 tax year. Below is a chart that summarizes these values:

Actual Values Used for 10-11 School Year
     

Total Taxable Values

HCAD

$478,779,912

  Total

$515,071,950

Capitol

$33,470,290

  Frozen

$70,546,952

Total

$512,250,202

  Total Taxable

$444,524,998

Frozen Value

$70,126,856

  Total Ceiling

$468,982

Taxable

$442,123,346

     
Frozen Ceiling

$466,186

     
         
VZCAD

$2,613,868

  Tax Rate

1.04

Industrial

$207,880

  % Collected

0.98

Total

$2,821,748

     
Frozen

$420,096

  Taxable

$4,530,599

Taxable

$2,401,652

  Frozen

$459,602

Frozen Ceiling

$2,796

  Total

$4,990,201

         
         
Actual Values For 11-12 School Year Received 7-25-11
     

Total Taxable Values

HCAD

$492,749,216

  Total

$514,348,858

Capitol

$18,789,327

  Frozen

$73,619,128

Total

$511,538,543

  Total Taxable

$440,729,730

Frozen Value

$73,156,136

  Total Ceiling

$506,634

Taxable

$438,382,407

     
Frozen Ceiling

$502,445

     
         
VZCAD

$2,599,346

  Tax Rate

1.04

Industrial

$210,969

  % Collected

0.98

Total

$2,810,315

     
Frozen

$462,992

  Taxable

$4,491,917

Taxable

$2,347,323

  Frozen

$496,501

Frozen Ceiling

$4,189

  Total

$4,988,419

 

For the first time in at least 11 years, our total certified taxable values actually decreased from the prior year. The main reason for this decrease can be found in the Capitol area of the Henderson County values. This category dropped from over $33,000,000 in 2010 to around $19,000,000 in 2011. The capitol category includes such things as industry and minerals. This decrease, coupled with a slight increase in our Frozen Values, pushed the 2011 values slightly lower than the 2010 values.

Impact on Funding

In the bottom right hand corner of both tables are the estimated taxes generated for maintenance and operations of EISD. For the 2010-2011 school year, we have estimated that the district will collect about $4,990,000 in taxes. For the 2011-2012 school year, assuming that our M & O tax rate remains at the proposed $1.04, we will again collect about $4,990,000 in taxes. Overall, we will not generate any additional revenue from taxes in the 2011-2012 school year. In turn, this will keep the district from generating any additional state money through Tier II.

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