Palacios Beacon (Palacios, Tex.), Vol. 77, No. 25, Ed. 1 Wednesday, June 20, 1984 Page: 2 of 12
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PAGE 2-PALACIOS BEACON, WED., JUNE 20,1984
According to state tax board
Appraisals get closer to market value
Appraisal districts val-
ued taxable property in
Texas at an estimated
average of 84 percent of
market value in 1983,
according to the State
Property Tax Board's
1983 Property Value Stu-
dy-
In comparison, using
data from a 1981 study of
school district market va-
lues, the State Property
Tax Board (SPTB) es-
timates that 1981 apprai-
sed values represented
only 6S percent of market
valued
Ron Patterson, SPTB’s
executive director, cited
the findings as evidence
of significant improve-
ments in property tax
appraisals statewide.
“The study indicates that
appraisals are not only
getting closer to market
value across the state but
are also becoming more
equal and uniform,” said
Patterson.
The biennial study of
appraisal district values,
required by the Texas
Property Tax Code, is
intended to show to what
extent property tax app-
raisals are meeting the
mandates of the Texas
Constitution. The Consti-
tution requires that tax-
able property be apprais-
ed at market value unless
it qualifies for special-
use valuation, that diff-
erent types of property
be valued at equal levels,
and that properties with-
in a category be valued in
a uniform manner.
Under the Texas pro-
perty tax system, apprai-
sal districts are respon-
sible for appraising, that
is, valuing, all taxable
property in each county.
Taxing units must use
these appraised values in
setting their tax rates.
Final results of the
study, which is the first
conducted by SPTB, have
just been released to the
Legislature, appraisal di-
stricts and state officials.
In a modified form, the
data contained in the
1983 Property Value Stu-
dy will form the basis for
state education aid to
local school districts.
The study results will
be available to state
legislators as they dis-
cuss proposed changes tn
public education finance
during the special legis-
lative session called for
June.
In order to determine
the extent to which pro-
perty tax appraisals meet
the constitutional man-
dates, the study calculat-
es “weighted average
levels of appraisal” for
each of ten major types of
taxable property in each
appraisal district.
The calculation is bas-
ically a comparison be-
tween SPTB’s estimates
of actual market value for
a sample of properties
.,J y
y
V*
Pilgrim Rose Baptist Church
Missionary Sisters
and the appraised values
listed on 1983 tax rolls for
the sample properties.
The result is expressed
as a ratio.
The ratios are then
used to measure how uni-
formly an appraisal dis-
trict is appraising proper-
ty within the various
property categories.
The ratios are also
combined to show weigh-
ted average levels of
appraisal for all taxable
property in an appraisal
district, and in the state
as a whole.
The final results show-
ed weighted average lev-
els of appraisal as high as
109 percent of market
value in one appraisal
district and as low as 39
percent in another.
Statewide figures show
levels of appraisal were
highest in the categories
of oil, gas and minerals
(102 percent of market
value) and utilities (96
percent). The lowest app-
raisal levels were found
in the categories of vac-
ant lots (61 percent),
100 Club fund
drive report
Billye Manner, secre-
tary of the 100 Club,
reports a total sales of
$19,983.25 from this
year’s fund drive.
Ticket sales brought in
$9,618.25 while the auc-
tion cleared $10,015. Do-
nations were also made
by Southwestern Bell,
Baroid and Getty Oil
totaling $350.
The funds will provide
two-way radios, bullet
proof vests and other
special weapons desper-
ately needed by law
enforcement officers.
STP progresses
Progress continues at
the South Texas Nuclear
Project with groundbrea-
king ceremonies set to-
day (Wednesday) for the
new training facilities
designed for permanent
plant operators.
The facility will house
the reactor control board
simulator on which per-
sonnel will be trained to
operate the nuclear plant
once it begins operations.
say city
244-5205
WILD BILLS
westejim wear
Wharton 2
552-45(2 1
eieiEB
MONDAY & TUESDAY
JUNE 18»h & 19th
TO PREPARE FOR SALE
6th Annual Inventory Reduction
w
(WEDNESDAY STORE HOURS ONLY - 7<R0 A.M. to W P.M.)
(REGULAR STORE HOURS ~ I t JO A M. to S.S0 ».M.)
STARTS PROMPTLY AT 7:00 A.M. WED. JUNE 20TII
BOOT, HAT, BELT & CLOTHING SALE
[
BOOT CLEARANCE
EXAMPLES REG NOW SAVE
JUSTIN 5,15,5 #79.95 imoo
ROPERS 6 COLORS MANY LADIES'
Calf 5157 95 #88.00 509 95
Elephant mm-oo # 189.95 5,605
NOCONA »»•"
Kangaroo k.i». #127.95 s«o°
Calf IColo. SI47 9S #72.00 S7595
TONY LAMA Elephant
Beifje m00 #189.95 s« os
Honey 5»0 00 #159.99*i»«
HONDO '’"top
Bnllhide 5’5,,s #1 12.995,6,6
WRANGLER
Bnllhide i"”5 #69.00550,5
SELECTED CROUP OF
. . KENNY ROGERS
I dllllt'M JnillH WRANGLER
i /.l IB • SEDGFFIELD
1/2 rri«T
SELECTE0 GROUP OF LA0IES
Sliiiis
LONG SLEEVE \ /2 PfMT
JR *S WRANGLER
Crop Tops
REG SIS 00
#9.99
JR 'S A MISSES KNIT
Sliirln iV
Shorts
VALUES TO 524 00
#12.99
MENS' TONY LANA KNIT
SHIRTS reg slow #9.99
ALL REMAINING MEN'S KNIT
PULLOVER SHIRTS
25% Off
LARRY MAHAN
Klk 5106,5 #99.95 »?oo
Crushed Coat5,10,5# 118.00 m
i
ACMK GREY&RUST MANY LADIES* BOOTS'
Antelope 1/995 #3 7.9.1s?? 00
LARGE GROUP OF MEN’S, LADIES* & CHILDREN'S
BOOTS TOO NUMEROUS TO MENTION DRASTICALLY
REDUCED AND ONLY AT WILD BILL’S wit L YOU
t-JND 1st QUALITY MERCHANDISE
..... NO SECONDS TO BE FOUND
7-PIECE B, Niva,
WK STERN rfg si so os no.
SUITS #130.00
TAN GREY RANGER STYLE
Group o* Men's Lonq Sleeve 1 Boy$
Shir In
Boy's sires 9 thru 20
I /2 Prire
L-'*le Bovs Knit s«/es I ■ 6 Bov C’fv only
Shirts £ SliorlN 25% Off
r
Wrangier Jean*
Ht* tH#*v Mm's Imm
Ml» »N
•><•••»*• I '4
tom •» -41
*—.#1 1.88
SIT KB mrnmm
Wruiif’lrr kill. Jean*
Jnlnnis Children Boys REG $10 00 m ll) SO
*,,#7.50 to #10.25
Colored Jriros $6 99 & $7 99 S'irs 0 thru 16
Men's
fthwyfeft jW«M
Stretch Jeans
W8 52^23.99
ENTIRE STOCK OF TNlIRfSTOCK OF £ llllfklo
Straw IlnlN 25% Off WlM I/I l<> 1/2 Off
■•antler Waly-Kmi
SI neks
Rt. l)MS
so. «i :.<><>
acreage (74 percent) and
farm and ranch improve-
ments (76 percent). Ap-
praised values for single-
family residences, the
largest property categ-
ory, were estimated at 81
percent of market value.
Preliminary results of
the 1983 Property Value
Study were released in
February and 125 apprai-
sal districts protested pr-
eliminary results at re-
view hearings in Austin
during April.
SPTB is now at work
translating the ratios of
appraised value into esti-
mates of market value for
the state's 1,070 local
school districts. The ma-
rket values will deter-
mine the amount of state
aid each school district
will receive for the 1985-
86 and 1986-87 school
years.
Preliminary results of
the school district market
value study are set for
release to school super-
intendents in July, with
appeals hearings sche-
duled for October thr-
ough December.
CHIPMAN
CONST. CO.
Residential & Commercial
Custom Homos-Now AidiHons-Rtmodoling-
Motol BuMmjj-AI types of concrete work
NO JOB IS TOO SMALL OR TOO LARGE
Al Woik Is Guarantied
JOHN CHIPMAN (512) 872-2359
Francitas, Texas
OCK 3^
MWV. If
FAUCIOS/TWAS.
COCO ttu, (/
• w«n€ |
. SET-OPs ^
OPEN 7 DAYs
Wve all grown.
Toother
Passing Morn in height.That’s a tall moment in your boy's life. Naturally, he’ll take
much of the credit. But you know the care and attention he got during intant years
were essential. The story of American agriculture and I ’i nduction
Credit Association is similar. Sound credit service has played a
big role in helping both farmer and randier gain their present
business stature. Arid we're ready right now to help you with
most broad-shouldered tasks your future plans may include.
The gp ahead people
1305 7th Street, Bay City, Texas 77414 Phone: 245-2522
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Palacios Beacon (Palacios, Tex.), Vol. 77, No. 25, Ed. 1 Wednesday, June 20, 1984, newspaper, June 20, 1984; Palacios, Texas. (https://texashistory.unt.edu/ark:/67531/metapth726445/m1/2/: accessed July 11, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Palacios Library.