Property values are up in almost every area, according to Chief Appraiser Karen Morris with the Navarro Central Appraisal District. The county as a whole saw property values increases up 3 percent from last year, while the City of Corsicana’s values are up about 2.4 percent.
The biggest increase came from oil and gas property, which is determined by the price of raw fuel. Oil and gas property in Navarro County is up $16 million from last year, while the worth of pipelines is up $11 million.
“Overall, things are looking up, looking pretty healthy,” Morris said. ‘We’re really having some increases in each area. We have to put at the top of the list oil and gas property.”
Single family and multi-family residences are also up, to the tune of about $23 million worth.
“Some of it’s new construction, and of course, just revaluing,” Morris said. “We did have about 23 permits around the lake, so probably a lot of the properties that had been purchased previously, those lots are being built on. Also, those new condominiums by the Harbour Inn, those were put on at a starting point. We don’t put them on at full value (at first).”
Industrial real estate is up $5 million worth, while industrial personal property, roughly defined as the stuff inside the buildings, is up $5 million as well. Railroad property was also valued higher, by about $3 million.
The announced closures of some companies didn’t effect this year’s appraisals, except to send at least two of those higher because they lost their abatements.
Property appraisals are determined by how the property looked on January 1, and most of the closures came or were announced for later than that.
The now-closed Lance snack food factory actually gained value because the company didn’t live up to its tax abatement agreement. Lance and the Home Depot Warehouse both lost their abatements this year. The full impact of the closures won’t be known until 2013, Morris said.
Another big change for 2013 will be the full value of the new high-voltage power line owned by Lone Star Transmission, a 300-mile line stretching from West Texas to Navarro County. It’s 21 miles long inside the county. The lines are bringing wind-generated power to North and East Texas. When completed, the line will benefit Blooming Grove ISD, Dawson ISD, Frost ISD and Corsicana ISD. This year the biggest beneficiary is Dawson ISD, where the company built a 345-kilovolt substation. It went on the school district’s tax rolls as worth $13.5 million.
Frost also gained from the tank farm, the value of which is determined by the price of oil.
“Frost always gains from the tank farms, the liquids that go into those tank farms,” Morris said.
On opposite sides of the county, Dawson and Mildred school districts face vastly different situations this budget season.
Mildred went through a round of layoffs this past spring, and while appraisals are up 2 percent, it’s still less than expected, according to Mildred Superintendent Becky Burns.
“It’s less than projected. Generally, we average 6 percent, so we were thinking conservatively 4 percent,” Burns explained. “It was below our conservative expectations.”
Mildred is below the state’s property tax cap of $1.04 for $100 of property value, and Burns would not rule out the possibility of raising the rate this coming year. The district’s budget workshop will be on Aug. 13.
“We’re just using up rolls and rolls of adding tape,” Burns said. “It’s just a sign of the times. We’re going to deal with it.”
Dawson’s values are up 14 percent, well above projections, but the district’s not going to give raises or go hog-wild, according to Board of Trustees President Clarence Hollingsworth.
If there’s any big changes being made, it’s in hiring a full-time superintendent for the first time in about five years.
“It’s great news for us,” Hollingsworth said. “We’ll take care of our needs. We’re a conservative district. We’re not just going to throw money away.”
Dawson has in the past given step raises for teachers, and given small raises to the paraprofessionals and long-term employees.
“We’ll look at that again next year to see what we can do,” Hollingsworth said.
Although it hasn’t been voted on yet, Corsicana ISD is also considering raises across the board for its teachers and staff.
Janet Jacobs may be reached via e-mail at email@example.com. Want to “sound off” to this article? E-mail: Soundoff@corsicanadailysun.com
Certified 2012 taxable values for Navarro’s largest taxing entities.
Entity 2009 2010 2011 2012 % change Est. taxes*
Navarro County $2,513,829,623 $2,615,167,061 $2,680,110,829 $2,774,095,027 3% $13,692,686
Navarro College $2,513,868,603 $2,615,172,084 $2,680,143,629 $2,774,259,367 3% $3,189,370
City of Corsicana $1,179,702,795 $1,222,239,080 $1,219,483,454 $1,249,849,381 2.4% $7,648,600
Blooming Grove ISD $128,619,730 $128,561,287 $131,008,963 $137,408,228 4.6% $1,480,401
Corsicana ISD $1,354,153,759 $1,380,949,865 $1,397,454,163 $1,418,388 1.4% $17,929,336
Dawson ISD $97,527,670 $98,112,054 $103,515,672 $120,568,545 14% $1,335,352
Frost ISD $58,804,080 $64,150,000 $74,496,681 $80,057,108 7% $934,933
Kerens ISD $201,235,349 $237,587,709 $249,573,200 $266,574,086 6% $2,770,262
Mildred ISD $401,533,925 $385,465,718 $395,969631 $404,300,714 2% $5,067,619
Rice ISD $84,021,950 $100,450,620 $110,017,153 $110,416,969 .3% $1,562,243
*Estimated taxes are based on the 2011 rates.
Source: Chief Appraiser Karen Morris, Navarro Central Appraisal District