Property Values: Why do they keep going up?
First, let me begin by saying that I am not a CPA, auditor, tax collector, person who assesses property value, finance wizard, or anything to do with State financial appropriations. I am just the Superintendent of a wonderful, Central Texas School District who has already lost $420,000 in state revenue over the past two years and we just found out yesterday that number is likely to go considerably over $500,000 with the 2019-2020 budget.
In the world of education, all local school districts are accountable to the Texas Education Agency (TEA). In the world of property values, you have a County Appraisal District (CAD) that is accountable to the State Comptroller’s Office. You may or may not have heard but there is a significant disturbance within this relationship across the State of Texas and especially here in Falls County. Our Falls County Appraisal District is in Marlin and our county appraiser is Allen McKinley. Mr. McKinley and his team are tasked to reevaluate all property within Falls County every three years and he has been busy at that work for the entire three years that I have been in RLISD. What you may not know is that his assessment values are subject to scrutiny by the State Comptroller’s Office.
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