Board hears dollar examples showing how appraisal increases affect taxes
The county appraiser showed commissioners illustrative calculations for a $500,000 house and a $70,000 house under 4'7, 5'7 and 7'7 appraisal increases and a sample mill levy, to demonstrate the tax impact if the mill levy remains unchanged.
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County Appraiser Zack Edwards presented printed examples to show how appraisal changes translate into estimated tax changes when the mill levy stays the same. Using a $500,000 example and a $70,000 example, Edwards calculated assessed values (noting residential assessment rates used in the examples) and applied a sample taxing-unit mill levy, walking the board through estimated increases under 4'7, 5'7 and 7'7 appraisal adjustments.
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