Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Values topic
No spam. Unsubscribe anytime.
Chief appraiser: Midland ISD taxable value down 13.59% as mineral values fall
Summary
Midland Central Appraisal District reported a net 13.59% decrease in Midland ISD taxable value; minerals dropped 24.55% and HB 9 business personal property exemptions materially reduced taxable value, leaving about 0.5% of values under protest.
Michelle Bordeaux, chief appraiser for the Midland Central Appraisal District, presented the district's certified value picture to trustees, saying the appraisal office expects final certified rolls within days and reported a net taxable value change of a 13.59% decrease year-over-year.
Bordeaux detailed component changes: "Your land total market value was up 10.24%. Your total improvement market value had an increase of 4.12%. Your mineral market value decreased 24.55% from last year to this year," she said, noting mineral valuations are calculated based on January 1 prices. She also explained the effect of House Bill 9, which established a $125,000 business personal property exemption per location and contributed to large loss in taxable value.
Trustees asked about MCAD charges to the district and performance metrics; Bordeaux said the appraisal district bills quarterly under tax code formulas and is subject to state property value studies. She also noted limited MLS access has constrained some sales-data uses and that the state property value study result will be available Jan. 31, 2027.
