Sandow 5 lifts values for RISD
The Milam County Appraisal District (MCAD) has released certified taxable values for 2010-2011 and the two entities which get to tax Luminant’s Sandow 5 power plant received substantial boosts.
Values in the Rockdale ISD went from $964,894,959 in July, 2009, to $1,138,452,468, an increase of 18.0 percent.
“That’s actually a little better than we had expected,” Karl Kacir, assistant superinten- dent for business, said.
The district will set its tax rate later in the year.
For Milam County as a whole, taxable values increased 10.5 percent, from $1,658,779,325 in 2009 to $1,832,544,641 this year.
According to the MCAD, Luminant’s Sandow 5 plant is valued at $727.5 million, Sandow 4 at $271.3 million and Alcoa at $47.2 million.
Values in the City of Rockdale went down 1.3 percent, from $187,023,016 to $184,289,322.
Generally, values went up in school districts and went down for municipalities.
“Of course, Sandow 5’s value increase only affected the county and Rockdale ISD,” Chief Appraiser Pat Moraw said. “Minerals and new improvement values were a plus to some tax units, whereas a decrease in ag value benefitted the producer. The result was a large loss to the majority of the tax units,” she said.
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2010 totals for other entities in Milam County: Donohoe Watershed, $25,259,013; Elm Creek Watershed, $44,124,298; Bartlett ISD, $13,318,545; Holland ISD, $3,270,150; Lexington ISD, $1,622,460; Rosebud-Lott ISD, $10,489,711; Rogers ISD, $8,810,387.