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Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort...

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Fort Bend Central Appraisal District Glen Whitehead, RPA Chief Appraiser
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Page 1: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict

GlenWhitehead,RPAChiefAppraiser

Page 2: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FiveYearReviewEntity

Tax Year 2016 2015 2014 2013 2012Property Count 339,119 334,576 322,296 314,239 306,495

Personal Property Count 20,197 19,769 18,737 18,279 17,693

Homestead exemptions 158,836 152,056 146,896 142,787 143,141

Over 65 31,220 28,420 25,756 23,647 23,663

Disabled Person 2,769 2,784 2,769 2,756 2,870

Disabled Vet 2,329 2,143 2,013 1,928 1,902

Disabled Vet X (100%) 982 792 709 620 604

Abatements 46 38 43 47 55

Owner Transfers 26,486 27,479 27,702 24,834

G01 Fort Bend County

Page 3: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCountyGrowth

Page 4: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FiveYearReviewCon5nuedTax Year 2016 2015 2014 2013 2012

Property Count 339,119 334,576 322,296 314,239 306,495

Change 1.36% 3.81% 2.56% 2.53% 2.19%

Homestead exemptions 158,836 152,056 146,896 142,787 143,141

Change 4.46% 3.51% 2.88% -0.25% 1.26%

Owner Transfers 26,486 27,479 27,702 24,834

Change -3.61% -0.80% 11.55% 17.43%

Page 5: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

HomesteadExemp5ons

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Homesteadexemptions

Homesteadexemptions

Page 6: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

65andoverExemp5ons

Page 7: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FiveYearReviewCon5nuedDeed Transfers 2016 2015 2014 2013 2012Jan 1,607 1,793 1,783 1,900 1,609Feb 1,734 1,664 1,779 1,748 1,588Mar 2,322 2,361 2,249 1,990 1,854Apr 1,967 2,104 2,366 2,398 1,935May 2,155 2,163 2,320 2,487 2,106Sub Total 9,785 10,085 10,497 10,523 9,092Change from Prior Year 96.08% 99.75% 99.75% 115.74% 111.46%Jun 2,532 2,563 2,544 2,438 2,335Jul 2,632 2,591 2,844 2,396Aug 2,514 2,499 2,850 2,502Sep 2,272 2,517 2,295 1,804Oct 2,153 2,337 2,390 2,339Nov 1,803 1,944 1,951 2,051Dec 2,464 2,550 2,411 2,315

Yearly Total 26,486 27,479 27,702 24,834

Difference Jan to May -300 -412 -26 1,431 935Yearly Difference -993 -223 2,868 3,686

Page 8: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

HistoryofOwnershipTransfers

Page 9: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

TaxingEn55esfor2015EntityType SumofTotalLevy

PercentofTotalTaxLevy Count

City $96,585,512 6.01% 15CommunityCollege $8,414,461 0.52% 2CountyGeneral $258,785,095 16.10% 1DrainageDistrict $18,455,615 1.15% 2Emergency $17,167,247 1.07% 8FreshWater $11,047,106 0.69% 6LevyImprovement $57,050,722 3.55% 16Management $1,379,500 0.09% 2MunicipalUtility $287,496,139 17.88% 149School $851,190,404 52.95% 6GrandTotal $1,607,571,802 100.00% 207

Page 10: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported
Page 11: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

2015Number or

Units Market Value Average unit

A: Real, Residential, Single-Family 206,589 $51,137,086,086 $247,531B: Real, Residential, Multi-Family 937 $1,951,547,189 $2,082,761C: Real, Vacant Platted Lots/Tracts * State Chg 10,382 $921,943,042 $88,802D: Real, Acreage ( (Land Only (Units Is Acres)) * 365,280.63 $2,415,003,318 $6,611E: Real, Farm And Ranch Improvement * 4,255 $426,929,261 $100,336F: Real, Commercial And Industrial 15,013 $8,562,973,743 $570,371G: Real, Oil, Gas, And Other Mineral Reserves 12,442 $129,630,010 $10,419J: Real & Intangible Personal, Utilities 1,859 $797,687,875 $429,095L: Tangible Personal, Business 28,054 $4,756,445,891 $169,546M: Tangible Personal, Other 4,778 $65,951,215 $13,803N: Intangible Personal (New value not recived) 4 $13,398,220 $3,349,555O: Real, Inventory 17,830 $1,115,078,940 $62,539S: Special Inventory 146 $129,038,710 $883,827Error 1 $81,940Exempt Property 590 $26,930,760Total Appraised Value $72,449,726,200Total Exempt Property * State Chg 27,752

Taxing Unit: Fort Bend County2015

Page 12: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

Taxing Unit: Fort Bend County 2016

Number or Units Market Value Average unit

A: Real, Residential, Single-Family 214,398 $55,973,947,558 $261,075

B: Real, Residential, Multi-Family 943 $1,981,447,098 $2,101,216 C: Real, Vacant Platted Lots/Tracts * State Chg 13,258 $941,116,908 $70,985

D: Real, Acreage ( (Land Only (Units Is Acres)) * 361,016.88 $2,936,571,266 $8,134 E: Real, Farm And Ranch Improvement * 4,229 $440,744,032 $104,219 F: Real, Commercial And Industrial 12,530 $9,391,185,335 $749,496 G: Real, Oil, Gas, And Other Mineral Reserves 12,456 $49,536,810 $3,977 J: Real & Intangible Personal, Utilities 1,839 $839,478,940 $456,487 L: Tangible Personal, Business 22,097 $4,927,108,061 $222,976 M: Tangible Personal, Other 4,828 $66,669,290 $13,809 N: Intangible Personal (New value not recived) 4 $16,435,550 $4,108,888

O: Real, Inventory 19,779 $1,252,464,116 $63,323 S: Special Inventory 441 $136,746,320 $310,082 Error 5 $99,060 $19,812 Exempt Property 488 $87,366,320 $179,029 Total Appraised Value $79,040,916,664

Total Exempt Property * State Chg 28,910 $4,372,302,445

Page 13: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

2015vs2014

A: Real, Residential, Single-Family 8,256 $8,619,404,442 20.27%B: Real, Residential, Multi-Family 2 $197,708,833 11.27%C: Real, Vacant Platted Lots/Tracts * State Chg 699 $8,309,704 0.91%D: Real, Acreage ( (Land Only (Units Is Acres)) * -1,975 -$45,626,714 -1.85%E: Real, Farm And Ranch Improvement * 33 $33,252,772 8.45%F: Real, Commercial And Industrial -514 $30,613,117 0.36%G: Real, Oil, Gas, And Other Mineral Reserves -1,383 -$181,003,350 -58.27%J: Real & Intangible Personal, Utilities -80 $21,864,711 2.82%L: Tangible Personal, Business 3,385 $364,859,245 8.31%M: Tangible Personal, Other 107 $3,604,585 5.78%N: Intangible Personal (New value not recived) $2,165,203 19.28%O: Real, Inventory 2,501 $29,341,470 2.70%S: Special Inventory 10 $20,519,554 18.91%Error $81,940Exempt PropertyTotal Appraised Value 11,041 $9,132,026,272 14.42%Total Exempt Property * State Chg 4.97%

PC Value

ChangeTaxing Unit: Fort Bend County Change

in Count Value Change

Page 14: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

A: Real, Residential, Single-Family 7,809 $13,544 9.46%B: Real, Residential, Multi-Family 6 $18,455 1.53%C: Real, Vacant Platted Lots/Tracts * State Chg 2,876 -$17,817 2.08%D: Real, Acreage ( (Land Only (Units Is Acres)) * -4,263.75 $1,523 21.60%E: Real, Farm And Ranch Improvement * -26 $3,884 3.24%F: Real, Commercial And Industrial -2,483 $179,125 9.67%G: Real, Oil, Gas, And Other Mineral Reserves 14 -$6,442 -61.79%J: Real & Intangible Personal, Utilities -20 $27,391 5.24%L: Tangible Personal, Business -5,957 $53,430 3.59%M: Tangible Personal, Other 50 $6 1.09%N: Intangible Personal (New value not recived) 0 $759,333 22.67%O: Real, Inventory 1,949 $783 12.32%S: Special Inventory 295 -$573,744 5.97%Error $19,812Exempt PropertyTotal Appraised Value 249 $6,591,190,464 9.10%Total Exempt Property * State Chg 4.17%

Taxing Unit: Fort Bend County Change in Count Value Change PC Value

Change

2015 to 2016 Changes

Page 15: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

2014TexasComptroller'sPropertyValueStudyFindings

TwoCategoriesfailedtopassin2014

Page 16: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

2015TexasComptroller'sPropertyValueStudyFindings

For2015theTexasComptrollerPropertyTaxDivisionperformedaPropertyValueStudyofLamarCISD,NeedvilleISD,FortBendISD,StaffordMSD,andKatyISD.ThePropertyValueStudyfindingsreportedeachschooldistrictwithapassinggradeandthelocalappraisedvaluestobeusedinestablishingStatefundingfortheFortBendschools.Thisre-establishedagraceperiodforalltheschooldistrictsinFortBendCounty.Failuretopassthe2015StudywouldhaveresultedinlossofStatefundingtothelocalschooldistrict.

Page 17: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

What’sNew

Page 18: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

WhatNewCon5nued

Page 19: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

WhatNewCon5nued

Page 20: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

WhatNewCon5nued

Page 21: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

WhatNewCon5nued

Page 22: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict� www.Zcad.org

PropertyData,Maps,andAerialMapsareavailableonline!

Page 23: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict

Page 24: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict

Page 25: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict

Page 26: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict

Page 27: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

Thanks!

Page 28: Fort Bend Central Appraisal District · Property Value Study of Lamar CISD, Needville ISD, Fort Bend ISD, Stafford MSD, and Katy ISD. The Property Value Study findings reported

FortBendCentralAppraisalDistrict

GlenWhitehead,RPAChiefAppraiser


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