Posted on 25. Jul, 2012 by Brian Knox
While a 1.51 percent increase in tax values for Wise County might not sound like much, it’s a lot better than the projected 3.09 percent decrease predicted in the preliminary values released earlier this year.
And it’s a lot better than the 2.35 percent decrease in property values seen in Wise County last year.
Wise County Chief Appraiser Mickey Hand released the certified tax values this week, and “holding steady” might be the best way to describe it. Most taxing entities saw slight increases in tax values, with Alvord ISD seeing the greatest increase at 12.16 percent. Boyd and Slidell school districts saw decreases of 0.01 percent and 3.42 percent, respectively. Every other school (not counting the ones primarily located in another county but include parts of Wise County) saw increases ranging from 1.85 percent to 8.34 percent.
The cities didn’t fare quite as well, as 6 of the 10 cities showed decreases (Aurora, Chico, Newark, Paradise, Rhome and Runaway Bay). The decreases ranged from 7.27 percent to 0.8 percent. Alvord, Boyd and Bridgeport cities all gained less than 1 percent while Decatur saw a 1.78 percent increase.
The information is important, because taxing entities use the numbers to help plan their tax rates and budgets for the upcoming year.
We’ll have complete information in this weekend’s Messenger.