Certified value losses huge for RISD, county
They can’t but they are better news than the preliminary figures issued in April by the Milam Appraisal District (AD).
Chief Appraiser Pat Moraw has certified the values for Milam’s 11 taxing entities, along with seven “shared units” in three neighboring counties, enabling entities to begin the tax-rate setting process.
Rockdale ISD and Milam County, the two entities which contain Luminant’s Sandow 4 and 5 power plant units, are affected most by the sometimes volatile ups and downs of industrial values.
The preliminary values in April showed RISD dropping 28.1 percent and Milam County going down 15 percent.
A major factor was a decrease in taxable values of Sandow 5, which went from $544,016,530 to $410,000,000.
The decrease included an additional exemption from the Texas Commission on Environmental Quality of $135,890,800, according to Moraw.
LAWSUIT—Luminant recently settled a lawsuit against the AD over 2011 values. See story above.
Moraw said major contributions to changes in the value, whether increases or decreases were markets, ag valuations, exemptions and business and personal properties.
“Mineral and new improvements were a plus to some taxing units,” she said.
PENDING—In addition to certifying values approved by the district’s appraisal review board (ARB), the chief appraiser also provided an estimated undisputed value of properties pending approval.
“The total value of all properplaced ties withheld from approval of records, and not certified to the taxing units, was $21,997,774,” she said.
“Note should be made Alcoa’s real property is included in the uncertified total due to the combining of property accounts requiring new notice,” Moraw said. “No sufficient change in total value occurred.”