Texas County taxpayers will soon learn how much the assessed valuation on their homes increased since last year. About 11,000 notices are set for mailing following a dispute over property values that pitted the state against the Texas County Board of Equalization.
The State Tax Commission said valuations were too low.
In the end, both parties agree that residential structures would increase by 15 percent and residential property would go up 25 percent.
That increase will be reflected with the paperwork – known as an impact statement – that arrives in mailboxes. When the valuation increases, counties are required to send a notice and allow the taxpayer to appeal before the board of equalization, which includes the three county commissioners, county surveyor and two residents appointed by the county commission. Enclosed in the envelope headed to taxpayers is detailed information about the tax process. The Texas County Board of Equalization is set to meet beginning at 9 a.m. Monday, July 21. The tentative cut-off date for appeals to be heard is 5 p.m. Wednesday, July 16. To make an appointment with the board, contact the county assessor’s office at 417-967-4709.
With the deal, the State Tax Commission also released about $71,000 in funds it withheld because of what it said was lack of progress on a parcel-by-parcel review of homes by the county assessor’s office.