Texas County’s assessed valuation increased about 11 percent in 2008, according to county assessor totals given to the county clerk’s office. The county’s assessed valuation is pegged at almost $188.4 million, which is up $18.8 million from last year.
The numbers reflect a parcel-by-parcel review of residential property in the county, which began in 2007 and concluded in May. It also includes a 15 percent across-the-board increase in residential values agreed upon by the Texas County Board of Equalization and the Missouri State Tax Commission, which earlier had ordered a 20 percent hike because the values were too low and threatened legal action.
A notice called an “impact statement,” which reflects the increase from the state order, will soon arrive in mailboxes. More than 10,000 will be mailed to residential property owners. Some taxpayers have already received one. That reflects changes made because of the parcel-by-parcel review.
In the City of Houston, the assessed valuation was about $21.9 million, an increase of about $1.5 million last year. That’s up about 7.38 percent from the previous year. The Houston School District’s assessed valuation was estimated at $49.8 million, an increase of about 11 percent from last year.
The largest increased assessed valuation in a community occurred in the Village of Raymondville, where it jumped 23.48 percent. The smallest came in Summersville, where the valuation increased only 4.26 percent.