Preliminary tax values up for RISD
As is customary in early May, the Rockdale ISD has received its preliminary taxable values figure from the Milam Appraisal District (AD), and it’s “so far, so good.”
The preliminary f igure is $1,048,202,643, according to Marla Wallace, Chief Financial Office. That’s up slightly from the 2012 figure of $1,036,205,016.
Last year’s preliminary figure was down 28.1 percent from the previous year. By the time the certified figures were released in August the total was down “only” 13.8 percent.
“ The fact that we are higher than the preliminary values received last year, should help our local revenue effort,” Wallace said.
“Of course, higher tax revenue in the current state funding system means we get less state funding, so there is a trade-off,” he said.
But Wallace said the legislature appears to be at least talking about more funding for public education this time around.
“I am hopeful that the information coming from the capitol does indicate there will be more funding for public education,” she said.
Last year, school trustees originally were looking at a 5-cent tax increase after the preliminary figures were released.
After the certified values were released, and the revenue situation improved, the increase was only 1.34 cents to the current $1.2384.
COUNTY–Preliminary taxable figures for Milam County as a whole were put at $1,798,050,928 by the appraisal district.
That compares to $1,626,167,333 last year.
Values will change during the summer as the annual “tax protest” season unreels before the appraisal review board (ARB).
Most Milam home and business owners received their annual appraisal notices in the mail during the past week.