By GREG RUSSELL
Register Staff Writer
Officials say the recently released property tax valuations for Cooke County city and school entities paint a picture of stability.
Cooke County Tax Appraiser Doug Smithson cited a 2013 total county valuation of $5,431,009,204, which is $42,043,105 higher than the values of the previous year.
The certified taxable value is $2,905,740,508.
“Cooke County is in a very stable market as far as housing and the business and commercial sectors go,” Smithson said Thursday. “But in the county, in some parts of the county, the mineral values may not have held as well in the last year or two as we’d hoped.”
The most notable change among the list of taxable entities is the city of Gainesville, whose value of $855,314,327 is $6.5 million less than the 2012 value. Smithson explained the drop, in part, by citing a transfer of Boeing Company “property, parts and inventory” that had been stored by Zodiac Aerospace during the previous year and is no longer held there.
“It was of significant value that was moved out and is no longer in Cooke County,” he said, and added that the influx of new Gainesville companies such as Schlumberger Limited didn’t bring enough property and equipment valuation in time for the city to avoid a decrease in 2013 totals. “”It doesn’t make up for the difference as much as what was lost, and there was also a change in oil field equipment that may or may have been in Gainesville city limits.
“Will that change next year? I don’t know.”
But Smithson admitted that the recent establishment of companies such as GAF Materials and the incoming Valew, Inc., should add significantly to the tax base. The latter company has been adopted by the Gainesville Economic Development Corporation (GEDC) as a key feature in a local industrial park that should add hundreds of jobs by 2014, plus added valuation in the form of equipment and property.
“I’m just thankful the businesses have held in here, and have kept things going for the jobs and employment that we’ve had,” Smithson said. “And the city and GEDC are bringing in new jobs — and bringing in ones that are paying worthwhile.”
Cooke County’s 2013 total appraised value is $5,431,009,204, an increase of $42,043,105. The county’s taxable value is $2,905,740,508.
The City of Gainesville certified taxable value is $855,314,327, a decrease of $6,508,390.
The City of Muenster certified taxable value is $102,222,366, an increase of $6,477,142.
The City of Lindsay certified taxable value is $61,634,894, an increase of $1,568,351.
The City of Valley View certified taxable value is $41,172,587, an increase of $2,726,291.
The City of Callisburg certified taxable value is $6,650,677, an increase of $495,987.
Gainesville ISD’s certified taxable value is $911,712,065, an increase of $52,456,424.
Muenster ISD’s certified taxable value is $418,920,295, a decrease of $26,673,284.
Lindsay ISD’s certified taxable value is $407,507,065, an increase of 489,766,582.
Valley View ISD’s certified taxable value is $206,914,874, a decrease of $1,521,273.
Callisburg ISD’s certified taxable value is $473,383,082, an increase of $12,741,049.
Era ISD’s certified taxable value is $171,878,456, an increase of $6,872,490.
Sivells Bend ISD’s certified taxable value is $118,000,991, an increase of $7,581,962.
Walnut Bend ISD’s certified taxable value is $29,100,893, a decrease of $2,247,834.
North Central Texas College district’s certified taxable value is $2,902,717,972; its appraised value is $5,425,780,685. The taxable value is increased by $41,833,676.
North Texas Medical Center’s certified taxable value is $2,627,400,291, an increase of 463,231,550.
Muenster Memorial Hospital’s certified taxable value is $650,041,940, a decrease of $26,696,286.
Clear Creek Watershed Authority’s certified taxable value is $191,038,533, a decrease of $17,426,314.
By GREG RUSSELL
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