2012 Preliminary Property Values

The State Comptroller’s office recently released the preliminary 2012 property value findings. Eustace ISD is considered a “split district” because it has property in two counties: Henderson and Van Zandt. However, the vast majority of the property in EISD is contained in Henderson County. Below is a table that compares the final 2011 property values with the preliminary 2012 property value findings. This table represents the totals from both Henderson and Van Zandt counties.

Category 2011 Final Value                       2012
Preliminary Value
       Difference
Single Family
Residences
$453,533,100 $475,854,520 $22,321,420
Multi-Family
Residences
$214,730 $214,730 $0
Vacant Lots $34,796,490 $34,293,730 -$502,760
Rural Real
(Taxable)
$86,967,710 $83,710,270 -$3,257,440
Commercial
Real
$8,754,050 $8,969,050 $215,000
Industrial
Real
$0 $10,688,451 $10,688,451
Oil, Gas,
Minerals
$1,889,000 $5,969,295 $4,080,295
Utilities $16,295,801 $18,675,818 $2,380,017
Commercial
Personal
$4,365,870 $4,359,950 -$5,920
Industrial
Personal
$1,989,295 $2,799,138 $809,843
Other Personal $13,156,770 $4,018,890 -$9,137,880
Intangible $0 $0 $0
Residential
Inventory
$1,453,140 $756,160 -$696,980
Special
Inventory
$3,080 $8,000 $4,920
Subtotal $623,419,036 $650,318,002 $26,898,966
Less Total
Deductions
$118,374,055 $119,367,085 $993,030
Total Taxable
Value
$505,044,981 $530,950,917 $25,905,936

As you can see, the preliminary taxable values for 2012 show an increase of almost $26,000,000 in value. The largest increases come from the categories of single-family residences, industrial real, and oil, gas, and mineral. While these are preliminary values for 2012, historically, the actual values do not vary that much from the preliminary values.

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