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Preliminary appraisal district numbers show drop in new property value, trimming new revenue for county
Summary
Workshop presenters said the appraisal district’s preliminary market values fell about 4% countywide while taxable value rose ~1.25%; new property added to the tax rolls dropped from about $265 million in 2025 to roughly $200 million in 2026, reducing projected new‑property revenue by roughly $200,000 at current rates.
County leaders reviewed preliminary appraisal district estimates and quantified how changes in market and taxable values will affect near‑term revenue for operations and road funding. The appraisal district’s preliminary market value showed an approximate 4% decline overall, while total taxable value—after exemptions and freezes—reported a modest increase of about 1.25%.
The workshop emphasized new‑property value as a near‑term revenue driver: new taxable property added to the rolls was about $265 million in 2025 but is preliminarily estimated at about $200 million for 2026, a roughly 25% decline. Using last year’s tax rate (2.996), the judge calculated that new‑property revenue would fall from about $794,000 to about $599,000, roughly $200,000 less than last year. For the special road tax (10¢ per $1,000), the comparable new‑property revenue was projected to decline from about $265,000 to $200,000.
Why it matters: these shifts reduce the pool of revenue available for one‑time projects and new ongoing commitments, and they increase reliance on contingency or reserves if the court adopts higher priorities. The judge noted the preliminary numbers can change once the appraisal district finalizes values and after auditor reconciliations.
Next steps: officials will wait for certified appraisal numbers and the auditor’s adjustments before selecting a tax rate; commissioners will consider whether to adjust contingency, restore road allocations, or delay some new commitments pending final data.
