2018 Mass Appraisal Report

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Hunt County Appraisal District

2018 Mass Appraisal Report

INTRODUCTION

Scope of Responsibility

The Hunt County Appraisal District has prepared and published this report to provide our citizens and

taxpayers with a better understanding of the district's responsibilities and activities. This report has

several parts: a general introduction and then several sections describing the appraisal effort by the

appraisal district.

The Hunt County Appraisal District (CAD) is a political subdivision of the State of Texas created

effective January 1, 1980. The provisions of the Texas Property Tax Code govern the legal, statutory,

and administrative requirements of the appraisal district. An 8 member board of directors, appointed

by the taxing units within the boundaries of Hunt County, constitutes the district’s governing body.

The chief appraiser, appointed by the board of directors, is the chief administrator and chief executive

officer of the appraisal district.

The appraisal district is responsible for local property tax appraisal and exemption administration for

34 jurisdictions or taxing units in the county. Each taxing unit, such as the county, a city, school

district, municipal utility district, etc., sets its own tax rate to generate revenue to pay for such things

as police and fire protection, public schools, road and street maintenance, courts, water and sewer

systems, and other public services. Appraisals established by the appraisal district allocate the year's

tax burden on the basis of each taxable property's January 1st market value. We also determine

eligibility for various types of property tax exemptions such as those for homeowners, the elderly,

disabled veterans, and charitable and religious organizations.

Except as otherwise provided by the Property Tax Code, the fee simple interest of all taxable property

is appraised at its “market value” as of January 1st. Under the tax code, “market value” means the

price at which a property would transfer for cash or its equivalent under prevailing market conditions if:

exposed for sale in the open market with a reasonable time for the seller to find a purchaser;

both the seller and the buyer know of all the uses and purposes to which the property is

adapted and for which it is capable of being used and of the enforceable restrictions on its use,

and;

both the seller and buyer seek to maximize their gains and neither is in a position to take

advantage of the exigencies of the other.

The Property Tax Code defines special appraisal provisions for the valuation of residential homestead

property (Sec. 23.23), productivity (Sec. 23.41), real property inventory (Sec. 23.12), dealer inventory

(Sec. 23.121, 23.124, 23.1241 and 23.127), nominal (Sec. 23.18) or restricted use properties (Sec.

23.83) and allocation of interstate property (Sec. 23.03). The owner of business personal property



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inventory may elect to have the inventory appraised at its market value as of September 1st of the

year preceding the tax year to which the appraisal applies by filing an application with the chief

appraiser requesting that the inventory be appraised as of September 1st.

The Texas Property Tax Code, under Sec. 25.18, requires each appraisal office to implement a plan

to update appraised values for real property at least once every three years. The district’s current

policy is to conduct a general reappraisal of all property every year. Appraised values are reviewed

annually and are subject to change for purposes of equalization. The full scope of work performed

can be viewed in the Hunt County Appraisal District’s 2017 – 2018 Two Year Reappraisal Plan which

was approved by the Hunt County Appraisal District’s Board of Directors.

The appraised value of real estate is calculated using specific information about each property. Using

computer-assisted mass appraisal programs, and recognized appraisal methods and techniques, we

compare that information with the data for similar properties, and with recent market data. The district

follows the standards of the International Association of Assessing Officers (IAAO) regarding its

appraisal practices and procedures, and subscribes to the standards promulgated by the Appraisal

Foundation known as the Uniform Standards of Professional Appraisal Practice (USPAP) to the extent

they are applicable. In cases where the appraisal district contracts for professional valuation services,

the contract that is entered into by each appraisal firm requires adherence to similar professional

standards.

Personnel Resources

The Office of the Chief Appraiser is primarily responsible for overall planning, organizing, staffing,

coordinating, and controlling of district operations. The Administration Department’s function is to

plan, organize, direct and control the business support functions related to human resources, budget,

finance, records management, purchasing, fixed assets, facilities and postal services. The Appraisal

Department is responsible for the valuation of all real and personal property accounts. The property

types appraised include commercial, residential, business personal, and industrial. The district’s

appraisers are subject to the provisions of the Property Taxation Professional Certification Act and

must be duly registered with The Texas Department of Licensing and Regulation. Support functions

including records maintenance, information and assistance to property owners, and hearings support

are coordinated by the Support Services Department.

The appraisal district staff consists of 21 employees with the following classifications:

_3_- Official/Administrator (Executive level administration)

_2_ - Professional (Supervisory and Management)

_10_ - Technicians (Appraisers, program appraisers and network support)

_6_ - Administrative Support (professional, customer service, clerical and other)

Data

The district is responsible for establishing and maintaining approximately 68,188 real and personal

property accounts covering 882 square miles within Hunt County. This data includes property

characteristic including ownership and exemption information. The data specific to each parcel would

include, but not be limited to legal descriptions, addresses, parcel identifiers, photos and building



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sketches. Property characteristic data on new construction is updated through an annual field effort;

existing property data is maintained through a field review that is prioritized by last field inspection

date. Sales are routinely validated during a separate field effort; however, numerous sales are

validated as part of the new construction and data review field activities. General trends in

employment, interest rates, new construction trends, and cost and market data are acquired through

various sources, including internally generated questionnaires to buyer and seller, university research

centers, and market data centers and vendors.

The district has a geographic information system (GIS) that maintains cadastral maps and various

layers of data, including zip code, facet and aerial photography. The district’s website makes a broad

range of information available for public access, including detailed information on the appraisal

process, property characteristics data, certified values, protests and appeal procedures, property

maps, and a tax calendar. Downloadable files of related tax information and district forms, including

exemption applications and business personal property renditions are also available.

Information Systems

The Information Systems Department maintains the district’s data processing facility, software

applications, Internet website, and geographical information system. The district operates under a

hierarchical non-relational database. The mainframe hardware/system software is 1 Dell

Server/PACSSERVER-Win 2008 Server OS; which hosts our LAN, Internet, and document imaging;

an ESRI ARC Map 10.2 Standard Version operates the geographic information system; and the user

base is served by 23 Dell OptiPlex 3010 Computers, and 10 Apple IPads, which are on a combination

of Win Vista OS and Window 7 OS.

SHARED APPRAISAL DISTRICT BOUNDARIES

The district established procedures whereby ownership and property data information are routinely

exchanged. Appraisers from adjacent appraisal districts discuss data collection and valuation issues

to minimize the possibility of differences in property characteristics, legal descriptions, and other

administrative data.

INDEPENDENT PERFORMANCE TEST

According to Chapter 5 of the TPTC, “At least once every two years, the Comptroller shall conduct a

study in each appraisal district to determine the degree of uniformity of and the median level of

appraisals by the appraisal district within each major category of property. The comptroller shall

publish a report of the findings of the study, including in the report the median levels of appraisal for

each major category of property, the coefficient of dispersion around the median level of appraisal for

each major category of property and any other standard statistical measures that the comptroller

considers appropriate.” There are 17 independent school districts in Hunt CAD for which appraisal

rolls are annually developed. The preliminary results of this study are released in January in the year

following the year of appraisement. The final results of this study are certified to the Education

Commissioner of the Texas Education Agency (TEA) in the following July of each year for the year of

appraisement. This outside (third party) ratio study provides additional assistance to the CAD in

determining areas of market activity or changing market conditions.



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In addition to this there is an additional study performed at least every two years referred to as the

“MAPS” review. Section 5.102 refers to this review as “At least once every two years, the comptroller

shall review the governance of each appraisal district, taxpayer assistance provided, and the

operating and appraisal standards, procedures, and methodology used by each appraisal district, to

determine compliance with generally accepted standards, procedures, and methodology.



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Appraisal Activities

INTRODUCTION

Appraisal Responsibilities

The field appraisal staff is responsible for collecting and maintaining property characteristic data for

classification, valuation, and other purposes. Accurate valuation of real and personal property by any

method requires a physical description of personal property, and land and building characteristics.

This appraisal activity is responsible for administering, planning and coordinating all activities

involving data collection and maintenance of all commercial, residential and personal property types

which are located within the boundaries of Hunt County. The data collection effort involves the field

inspection of real and personal property accounts, as well as data entry of all data collected into the

existing information system. The goal is to field inspect half of the residential and all personal

properties in Hunt County every year, and all of the commercial properties every year. Meeting this

goal is dependent on budgetary constraints.

Appraisal Resources

Personnel - The appraisal activities consists of 10 appraisers and 6 technical personnel.

Data - The data used by field appraisers includes the existing property characteristic

information contained in a CAMA (Computer Mass Appraisal System) from the

district’s computer system. The data can be printed on a property record card (PRD),

personal property data sheets or accessed on an IPad or other personal portable

device. Other data used includes maps, sales data, fire and damage reports, building

permits, photos and actual cost information.

PRELIMINARY ANALYSIS

Data Collection/Validation

Data collection of real property involves maintaining data characteristics of the property on PACS

(Property Appraisal and Collections System), which is a computer mass appraisal system. The

information contained in PACS includes site characteristics, such as land size and topography, and

improvement data, such as square foot of living area, year built, quality of construction, and condition.

Field appraisers use listing manuals that establish uniform procedures for the correct listing of real

property. All properties are coded according to these manuals and the approaches to value are

structured and calibrated based on this coding system. The field appraisers use these manuals

during their initial training and as a guide in the field inspection of properties. Data collection for

personal property involves maintaining information on PACS (Property Appraisal and Collections

System). The type of information contained in PACS includes personal property such as business

inventory, furniture and fixtures, machinery and equipment, cost and location. The field appraisers

conducting on-site inspections use a personal property manual during their initial training and as a

guide to correctly list all personal property that is taxable.

The listing procedures that are utilized by the field appraisers are incorporated into the appropriate

Appraiser Manual and are available in the district offices. If a property owner/agent wants a copy of



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an appraisal manual, customer service will handle this request. Appraisers periodically update the

listing procedural manuals with input from the valuation group.

Sources of Data

The sources of data collection are through the new construction field effort, data review/relist field

effort, data mailers, hearings, sales validation field effort, commercial sales verification, newspapers

and publications, and property owner correspondence via the Internet. A principal source of data

comes from building permits received from taxing jurisdictions that require property owners to take out

a building permit. Where available, permits are received electronically and loaded to our Building

Permit System (BPS). Otherwise, paper permits are received and matched manually with the

property’s account number for data entry.

Data review of entire neighborhoods is generally a good source for data collection. Appraisers drive

entire neighborhoods to review the accuracy of our data and identify properties that have to be

relisted. The sales validation effort in real property pertains to the collection of data of properties that

have sold. In residential, the sales validation effort involves on-site inspection by field appraisers,

letters from buyers and sellers, and other third party sources to verify the accuracy of the property

characteristics data and confirmation of the sales price. In commercial, the commercial appraisers

are responsible for contacting both grantee, grantor and other third party sources to confirm sales

prices and to verify pertinent data.

Property owners are one of the best sources for identifying incorrect data that generates a field check.

Frequently, the property owner provides sufficient enough data to allow correction of records without

having to send an appraiser on-site. As the district has increased the amount of information available

on the Internet, property owner’s requests to correct data inconsistencies have also increased. For

the property owner without access to the Internet, letters are often submitted notifying the district of

inaccurate data. Properties identified in this manner are added to a work file and inspected at our

earliest opportunity.

Data Collection Procedures

Field data collection requires organization, planning and supervision of the field effort. Data collection

procedures have been established for residential, commercial, and personal property. The appraisers

are assigned throughout Hunt County to conduct field inspections. Appraisers conduct field

inspections and record information either on a property record card (PRD), a personal property data

sheet or into a portable electronic device, such as an IPad, that will be downloaded into PACS.

The quality of the data used is extremely important in establishing accurate values of taxable property.

While production standards are established and upheld for the various field activities, quality of data is

emphasized as the goal and responsibility of each appraiser. New appraisers are trained in the

specifics of data collection set forth in the listing manual as “rules” to follow. Experienced appraisers

are routinely re-trained in listing procedures prior to major field projects such as new construction,

sales validation or data review. A quality assurance process exists through supervisory review of the

work being performed by the field appraisers. Quality assurance supervision is charged with the

responsibility of ensuring that appraisers follow listing procedures, identify training issues and provide

uniform training throughout the field appraisal staff.



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Data Maintenance

The field appraiser is responsible for the data entry of his/her fieldwork directly into the computer file.

This responsibility includes not only data entry directly entered by the appraiser, but also quality

assurance for that entered by the clerical staff.

INDIVIDUAL VALUE REVIEW PROCEDURES

Field Review

The date of last inspection, extent of that inspection, and the CAD appraiser responsible are listed on

the CAMA record. If a property owner or jurisdiction dispute the district’s records concerning this data

during a hearing, via a telephone call or correspondence received, CAMA may be altered based on

the evidence provided. Typically, a field inspection is requested to verify this evidence for the current

year’s valuation or for the next year’s valuation. Every year a field review of certain areas or

neighborhoods in the jurisdiction is done during the data review/re-list field effort.

PERFORMANCE TEST

The valuation appraisers are responsible for conducting ratio studies and comparative analysis.

(Refer to the individual valuation process summary reports).

Field appraisers, in many cases may conduct field inspections to insure the ratios produced are

accurate and the appraised values utilized are based on accurate property data characteristics.



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Residential Valuation Process

INTRODUCTION

Scope of Responsibility

The Residential Valuation appraisers are responsible for developing equal uniform market values for

residential improved and vacant property. There are approximately 35,541 residential improved

parcels and 11,177 vacant residential properties in Hunt County.

Appraisal Resources

Personnel - The Residential Valuation appraisal staff consists of 7 appraisers. The following

appraisers are responsible for determining residential values:

James Chapman Grady Ewing Billy Jones Jamie Martinez Edwin Myers Stephanie Salazar Chris Williams

Data - A common set of data characteristics for each residential dwelling in Hunt County is

collected in the field and data entered to the computer. The property characteristic data drives

the computer-assisted mass appraisal (CAMA) approach to valuation.

VALUATION APPROACH (Model Specification)

Area Analysis

Data on regional economic forces such as demographic patterns, regional locational factors,

employment and income patterns, general trends in real property prices and rents, interest rate

trends, availability of vacant land, and construction trends and costs are collected from private

vendors and public sources and provide the field appraiser a current economic outlook on the real

estate market. Information is gleaned from real estate publications and sources such as continuing

education in the form of IAAO and other TDLR approved classes.

Neighborhood and Market Analysis

Neighborhood analysis involves the examination of how physical, economic, governmental and social

forces and other influences affect property values. The effects of these forces are also used to

identify, classify, and stratify comparable properties into smaller, manageable subsets of the universe

of properties known as neighborhoods. Residential valuation and neighborhood analysis is conducted

on each of the political entities known as Independent School Districts (ISD).

The first step in neighborhood analysis is the identification of a group of properties that share certain

common traits. A "neighborhood" for analysis purposes is defined as the largest geographic or

demographic grouping of properties where the property’s physical, economic, governmental and

social forces are generally similar and uniform. Geographic stratification accommodates the local



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supply and demand factors that vary across a jurisdiction. Once a neighborhood has been identified,

the next step is to define its boundaries. This process is known as "delineation". Some factors used

in neighborhood delineation include location, sales price range, lot size, age of dwelling, quality of

construction and condition of dwellings, square footage of living area, and story height. Delineation

can involve the physical drawing of neighborhood boundary lines on a map, but it can also involve

statistical separation or stratification based on attribute analysis. Part of neighborhood analysis is the

consideration of discernible patterns of growth that influence a neighborhood’s individual market. Few

neighborhoods are fixed in character. Each neighborhood may be characterized as being in a stage

of growth, stability or decline. The growth period is a time of development and construction. As new

neighborhoods in a community are developed, they compete with existing neighborhoods. An added

supply of new homes tends to induce population shift from older homes to newer homes. In the

period of stability, or equilibrium, the forces of supply and demand are about equal. Generally, in the

stage of equilibrium, older neighborhoods can be more desirable due to their stability of residential

character and proximity to the workplace and other community facilities. The period of decline reflects

diminishing demand or desirability. During decline, general property use may change from residential

to a mix of residential and commercial uses. Declining neighborhoods may also experience renewal,

reorganization, rebuilding, or restoration, which promotes increased demand and economic

desirability.

Neighborhood identification and delineation is the cornerstone of the residential valuation system at

the district. All the residential analysis work done in association with the residential valuation process

is neighborhood specific. Neighborhoods are field inspected and delineated based on observable

aspects of homogeneity. Neighborhood delineation is periodically reviewed to determine if further

neighborhood delineation is warranted. Whereas neighborhoods involve similar properties in the

same location, a neighborhood group is simply defined as similar neighborhoods in similar locations.

Each residential neighborhood is assigned to a neighborhood group based on observable aspects of

homogeneity between neighborhoods. Neighborhood grouping is highly beneficial in cost-derived

areas of limited or no sales, or use in direct sales comparison analysis. Neighborhood groups, or

clustered neighborhoods, increase the available market data by linking comparable properties outside

a given neighborhood. Sales ratio analysis, discussed below, is performed on a neighborhood basis,

and in soft sale areas on a neighborhood group basis.

Highest and Best Use Analysis

The highest and best use of property is the reasonable and probable use that supports the highest

present value as of the date of the appraisal. The highest and best use must be physically possible,

legal, financially feasible, and productive to its maximum. The highest and best use of residential

property is normally its current use. This is due in part to the fact that residential development, in

many areas, through use of deed restrictions and zoning, precludes other land uses. Residential

valuation undertakes reassessment of highest and best use in transition areas and areas of mixed

residential and commercial use. In transition areas with ongoing gentrification, the appraiser reviews

the existing residential property use and makes a determination regarding highest and best use.

Once the conclusion is made that the highest and best use remains residential, further highest and

best use analysis is done to decide the type of residential use on a neighborhood basis. As an

example, it may be determined in a transition area that older, non-remodeled homes are economic



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misimprovements, and the highest and best use of such property is the construction of new dwellings.

In areas of mixed residential and commercial use, the appraiser reviews properties in these areas on

a periodic basis to determine if changes in the real estate market require reassessment of the highest

and best use of a select population of properties. According to Section 23.10 c2 of the Texas

Property Tax Code “The market value of a residence homestead shall be determined solely on the

basis of the property’s value as a residence homestead, regardless of whether the residential use of

the property by the owner is considered to be the highest and best value of the property. A valuation

under this limitation might have a significant effect of the valuation.

VALUATION AND STATISTICAL ANALYSIS (Model Calibration)

Cost Schedules

All residential parcels in the district are valued from identical cost schedules using a comparative unit

method. The district’s residential cost schedules, originally adopted from a National Costing Service,

have been customized to fit Hunt County’s local residential building and labor market. The cost

schedules are reviewed regularly as a result of recent state legislation requiring that the appraisal

district “clearly state the reason for any variation between generally accepted cost data and locally

produced cost data if the data vary by more than 10%; and make available to the property owner on

request all applicable market data that demonstrate the difference between the replacement cost of

the improvements to the property and the depreciated value of the improvements.” Sales analysis

indicated that local market modifiers lowering the schedules greater than 10% of the Marshall Swift

indicated values for residential property were appropriate to adjust the schedules to the present

market. Copies of these resulting ratio reports are available if requested by a taxpayer.

Sales Information

A sales file for the storage of “snapshot” sales data at the time of sale is maintained. Residential

vacant land sales, along with commercial improved and vacant land sales are maintained in a

separate sales information system. Residential improved and vacant sales are collected from a

variety of sources, including: district questionnaires sent to buyer and seller, field discovery, protest

hearings, Board of Realtor’s MLS, various sale vendors, builders, and realtors. A system of type,

source, validity and verification codes was established to define salient facts related to a property’s

purchase or transfer. School district or neighborhood sales reports are generated as an analysis tool

for the appraiser in the development of value estimates.

Land Analysis

Land analysis is conducted by the land appraiser. The appraiser analyzes collected sale data and

stores this data within computerized tables. Methods such as abstraction and allocation are used to

determine contributory values for improved sales. The appraiser analyzes the market data to develop

market areas. Data is selected and used to develop unit price land schedules which are assigned to

each market area. These land schedules are designed to represent market influence and generally

exhibit economy to scale. Computerized land tables store the land information required to

consistently value individual parcels within market areas. Adjustments for specific land influences are

used when necessary, to adjust parcels outside the market area’s norm for such factors as view,

shape, size, topography, and any other prevalent characteristics.



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Statistical Analysis

The residential valuation appraisers perform statistical analysis annually to evaluate whether values

are equitable and consistent with the market. Ratio studies are conducted on each of the

approximately 22 residential classes in the district and then broken down into stratification of

neighborhoods to judge the two primary aspects of mass appraisal accuracy--level and uniformity of

value. Appraisal statistics of central tendency and dispersion generated from sales ratios are

available for each class and appropriate neighborhoods. These may be further stratified by year built,

size of living area and other indicators of the market. These summary statistics including, but not

limited to, the weighted mean, median, standard deviation, coefficient of variation, and coefficient of

dispersion, provide the appraisers a tool by which to determine both the level and uniformity of

appraised value on a stratified neighborhood basis. The level of appraised values is determined by

the weighted mean for individual properties within a neighborhood, and a comparison of neighborhood

weighted means reflect the general level of appraised value between comparable neighborhoods.

Review of the standard deviation, coefficient of variation, and coefficient of dispersion discerns

appraisal uniformity within and between stratified neighborhoods.

Every neighborhood is reviewed annually by the appraiser through the sales ratio analysis process.

The first phase involves neighborhood ratio studies that compare the recent sales prices of

neighborhood properties to the appraised values of these sold properties. This set of ratio studies

affords the appraiser an excellent means of judging the present level of appraised value and

uniformity of the sales. The appraiser, based on the sales ratio statistics and designated parameters

for valuation update, makes a preliminary decision as to whether the value level in a neighborhood

needs to be updated in an upcoming reappraisal, or whether the level of market value in a

neighborhood is at an acceptable level.

Market Adjustment or Trending Factors

Neighborhood, or market adjustment, factors are developed from appraisal statistics provided from

ratio studies and are used to ensure that estimated values are consistent with the market. The

district’s primary approach to the valuation of residential properties uses a hybrid cost-sales

comparison approach. This type of approach accounts for neighborhood market influences not

specified in the cost model.

The following equation denotes the hybrid model used:

MV = [LMA (LV)] + [IMA (RCN – D)]

whereas, the market value equals the land market adjustment factor times the land value plus the

improvement market adjustment factor times replacement cost new less depreciation. As the cost

approach separately estimates both land and building values and uses depreciated replacement

costs, which reflect only the supply side of the market, it is expected that adjustments to the cost

values are needed to bring the level of appraisal to an acceptable standard. Market, or location

adjustments are applied uniformly within neighborhoods to account for locational variances between

market areas or across a jurisdiction. While efforts are made to gather rental information, due to the

predominance of owner occupied residential property, little weight is applied to the “Income

Approach”. The hybrid model used combines both the Cost and Market approaches in a manner that

will best indicate the market value of single family residences.



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If a neighborhood is to be updated, the appraiser uses a cost ratio study that compares recent sales

prices of properties appropriately adjusted for the effects of time within a delineated neighborhood

with the properties’ actual cost value. The calculated ratio derived from the sum of the sold

properties’ cost value divided by the sum of the sales prices indicates the neighborhood level of value

based on the unadjusted cost value for the sold properties. This cost-to-sale ratio is compared to the

appraisal-to-sale ratio to determine the market adjustment factor for each neighborhood. This market

adjustment factor is needed to trend the values obtained through the cost approach closer to the

actual market evidenced by recent sales prices within a given neighborhood. The sales used to

determine the market adjustment factor will reflect the market influences and conditions only for the

specified neighborhood, thus producing more representative and supportable values. The market

adjustment factor calculated for each update neighborhood is applied uniformly to all properties within

a neighborhood. Once the market-trend factors are applied, a second set of ratio studies is generated

that compares recent sale prices with the proposed appraised values for these sold properties. From

this set of ratio studies, the appraiser judges the appraisal level and uniformity in both update and

non-update neighborhoods, and finally, for the school district as a whole.

TREATMENT OF RESIDENCE HOMESTEADS

Beginning in 1998, the State of Texas implemented a constitutional classification scheme concerning

the appraisal of residential property that receives a residence homestead exemption. Under the new

law, beginning in the second year a property receives a homestead exemption, increases in the value

of that property are "capped." The value for tax purposes (appraised value) of a qualified residence

homestead will be the LESSER of:

the market value of the appraised value of the property for the most recent tax year that the market value was determined by the appraisal office: or

the sum of:

(A) 10 percent of the appraised value of the property for the preceding tax year;

(B) The appraised value of the property for the preceding tax year; and

(C) The market value of all new improvements to the property.

Values of capped properties must be recomputed annually. If a capped property sells, the cap

automatically expires as of January 1st of the following year. In that following year, that home is

reappraised at its market value to bring its appraisal into uniformity with other properties. An

analogous provision applies to new homes. While a developer owns them, unoccupied residences

are appraised as part of an inventory using the district’s land value and the developer’s construction

costs as of the valuation date. However, in the year following sale, they are reappraised at market

value.



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Field Review

The appraiser identifies individual properties in critical need of field review through sales ratio

analysis, information gained through the equalization process, and from information from owners of

specific properties as well as other taxpayers’ concerns. These properties are coded for recheck for

the following year with a code 01/01/ (next appraisal year). During the year when time permits,

properties are coded 01/02/current year for additional rechecks.

Properties picked up during the year in early stages of construction are also coded for inspection at

the end of the year to determine the percentage complete for the January 1 valuation date as

prescribed by the Property Tax Code. During these rechecks, the appraiser frequently field reviews

subjective data items such as quality of construction, condition, and physical, functional and economic

obsolescence, factors contributing significantly to the market value of the property. After preliminary

estimates of value have been determined in targeted areas, the appraiser takes valuation documents

to the field to test the computer-assisted values against his own appraisal judgment.

PERFORMANCE TESTS

Sales Ratio Studies

The district’s ratio studies were designed and prepared, to the maximum extent possible, under the

guidelines set forth in the International Association of Assessing Officers current “Standard on Ratio

Studies”. The ratio studies are calculated in order to evaluate the relationship between the appraisals

and the sales prices as of the assessment date of January 1 and used to estimate the general level of

appraisal and the uniformity of appraisal.

Beginning with the 2017 Tax Year, the residential appraisal schedules has gone into a two-step

process for review and development. For 2017 and the subsequent years during the fall the actual

Residential classes will be reviewed. Sales Ratios derived from the previous year’s certified numbers

will be used along with verified sales gathered after the notices were mailed and local market

modifiers will be developed to adjust the Marshall Swift costing tables to the Hunt County Residential

Market. Ratios were performed for a period of January 1, 2016 thru October 12, 2017. The costing

tables for Frame and Masonry Residential Property for the 2017 & 2018 Tax Year was developed and

placed in the district’s Residential Appraisal Manual.

During the spring of the Tax Year, just before the notices go out, Ratio reports were developed on the

Neighborhood level. The period of sales that were used were from April 1, 2017 thru April 2, 2018.

These were analyzed and adjustments were made to assure fair and equitable appraisal of all

residential properties in a uniform manner.

All sales were used and screened to ensure, to the extent possible, that only valid indicators of market

value were included. Examples of sales that were excluded included sales involving atypical

financing, sales between relatives or corporate affiliates, estate sales, or sales under duress.

Foreclosures are reviewed as to determine the condition of the improvements. Further information

from the taxpayer may indicate that the foreclosure sales price is indicative of the market for a similar

property in the same condition. If there is an area which has a significant number of foreclosures and

it appears to set the tone for the market for that neighborhood, these prices are considered in the final



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market values for that neighborhood. This would be the case where foreclosures represent 50

percent or more of the sales and there are a significant number of sales for that neighborhood. Since

Texas does not have mandatory sales disclosure, Hunt County Appraisal District does not have

access to all property transactions, which limits the sales used to those acquired through a

commercial vendor or submitted voluntarily by the property owners.

The median ratio for each residential class along with the ratio for the total residential sales file is an

indicator of the level of appraisal for the population of single family residences. The median is the

preferred measure of central tendency because it gives equal weight to each ratio and is less affected

by extreme ratios. The Coefficient of Dispersion (COD) is a measure of variability and generally the

smaller the measure of variability, the better the uniformity. Trimming the sales for outliers is

performed in a manner consistent with the appendix of the “Standard on Ratio Studies”.

Management Review Process

Once the proposed value estimates are finalized, the appraiser reviewed the sales ratios by

neighborhood and presents pertinent valuation data, such as, history of hearing protest, sale-to-parcel

ratio, and level of appraisal to the Chief Appraiser for final review and approval. This review includes

comparison of level of value between related neighborhoods within and across jurisdiction lines. The

primary objective of this review is to ensure that the proposed values have met preset appraisal

guidelines appropriate for the tax year in question.



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Commercial Valuation Process

INTRODUCTION

Appraisal Responsibility

This mass appraisal assignment includes all of the commercially classed real property which falls

within the responsibility of the commercial valuation appraisers of the Hunt County Appraisal District

and located within the boundaries of this taxing jurisdiction. The attached appraisal roll displays and

identifies each parcel of real property individually. Commercial appraisers appraise the fee simple

interest of properties according to statute. However, the effect of easements, restrictions,

encumbrances, leases, contracts or special assessments are considered on an individual basis, as is

the appraisement of any nonexempt taxable fractional interests in real property (i.e. Certain multi-

family housing projects). Fractional interests or partial holdings of real property are appraised in fee

simple for the whole property and divided programmatically based on their prorated interests.

Appraisal Resources

The improved real property appraisal responsibilities are categorized according to major

property types of multi-family or apartment, office, retail, warehouse and special use (i.e.

hotels, hospitals and, nursing homes). 2 appraisers are assigned to improved commercial

property types. They each appraise both the land and improvements of the properties they

are responsible for.

Data - The data used by the commercial appraiser includes verified sales of vacant land and

improved properties and the pertinent data obtained from each (sales price levels,

capitalization rates, income multipliers, equity dividend rates, marketing period, etc.). Other

data used by the appraiser includes actual income and expense data (typically obtained

through the hearings process), actual contract rental data, leasing information (commissions,

tenant finish, length of terms, etc.), and actual construction cost data. In addition to the actual

data obtained from specific properties, market data publications are also reviewed to provide

additional support for market trends.

PRELIMINARY ANALYSIS

Pilot Study

Pilot studies are utilized to test new or existing procedures or valuation modifications in a limited area

(a sample of properties) of the district and are also considered whenever substantial changes are

made. These studies, which are inclusive of ratio studies, reveal whether a new system is producing

accurate and reliable values or whether procedural modifications are required. The appraiser

implements this methodology when developing both the cost approach and income approach models.

Survey of Similar Jurisdictions: Hunt CAD coordinates its discovery and valuation activities with

adjoining Appraisal Districts. Numerous field trips, interviews and data exchanges with adjacent



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appraisal districts have been conducted to ensure compliance with state statues. In addition, Hunt

CAD administration and personnel interact with other assessment officials through professional trade

organizations including the International Association of Assessing Officers, Texas Association of

Appraisal Districts and its subchapter Texas Metropolitan Association of Appraisal Districts and the

Texas Association of Assessing Officers.


Area Analysis

Data on regional economic forces such as demographic patterns, regional locational factors,

employment and income patterns, general trends in real property prices and rents, interest rate

trends, availability of vacant land, and construction trends and costs are collected from private

vendors and public sources; for example, continuing education in the form of International Association

of Assessing Officers (IAAO), Texas Association of Assessing Officers (TAAO), Texas Association of

Appraisal Districts (TAAD) and Texas Department of Licensing and Regulation (TDLR) approved

courses.

Neighborhood Analysis

The neighborhood is comprised of the land area and commercially classed properties located within

the boundaries of this taxing jurisdiction. This area consists of a wide variety of property types

including residential, commercial and industrial. Neighborhood analysis involves the examination of

how physical, economic, governmental and social forces and other influences affect property values.

The effects of these forces are also used to identify, classify, and organize comparable properties into

smaller, manageable subsets of the universe of properties known as neighborhoods. In the mass

appraisal of commercial properties these subsets of a universe of properties are generally referred to

as market areas or economic areas.

Economic areas are defined by each of the improved property use types (apartment, office, retail,

warehouse and special use) based upon an analysis of similar economic or market forces. These

include but are not limited similarities of rental rates, classification of projects (known as building class

by area commercial market experts), date of construction, overall market activity or other pertinent

influences. Economic area identification and delineation by each major property use type is the

benchmark of the commercial valuation system. All income model valuation (income approach to

value estimates) is economic area specific. Economic areas are periodically reviewed to determine if

redelineation is required. The geographic boundaries as well as, income, occupancy and expense

levels and capitalization rates by age within each economic area for all commercial use types and its

corresponding income model may be found in the Commercial Valuation Manual.


The highest and best use is the most reasonable and probable use that generates the highest present

value of the real estate as of the date of valuation. The highest and best use of any given property

must be physically possible, legally permissible, financially feasible, and maximally productive. For

improved properties, highest and best use is evaluated as improved and as if the site were still

vacant. This assists in determining if the existing improvements have a transitional use, interim use,

nonconforming use, multiple uses, speculative use, excess land, or a different optimum use if the site



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were vacant. For vacant tracts of land within this jurisdiction, the highest and best use is considered

speculative based on the surrounding land uses. Improved properties reflect a wide variety of highest

and best uses which include, but are not limited to: office, retail, apartment, warehouse, light

industrial, special purpose, or interim uses. In many instances, the property's current use is the same

as its highest and best use. This analysis insures that an accurate estimate of market value

(sometimes referred to as value in exchange) is derived.

On the other hand, value in use represents the value of a property to a specific user for a specific

purpose. This is significantly different than market value, which approximates market price under the

following assumptions: (i) no coercion of undue influence over the buyer or seller in an attempt to

force the purchase or sale, (ii) well-informed buyers and sellers acting in their own best interests, (iii) a

reasonable time for the transaction to take place, and (iv) payment in cash or its equivalent.

Market Analysis

A market analysis relates directly to market forces affecting supply and demand. This study involves

the relationships between social, economic, environmental, governmental, and site conditions.

Current market activity including sales of commercial properties, new construction, new leases, lease

rates, absorption rates, vacancies, allowable expenses (inclusive of replacement reserves), expense

ratio trends, capitalization rate studies are analyzed.

DATA COLLECTION / VALIDATION

Data Collection Manuals

The primary manual pertinent to data collection and documentation is the Commercial/Industrial

Appraisal Manual. This manual is continually updated, providing a uniform system of itemizing the

multitude of components comprising improved properties. All properties located in Hunt CAD’s

inventory are coded according to this manual and the approaches to value are structured and

calibrated based on this coding system. The most recent revision of the Commercial/Industrial

manual was 2016.

Sources of Data

In terms of commercial sales data, Hunt CAD receives a copy of the deeds recorded in Hunt County

that convey commercially classed properties. The deeds involving a change in commercial ownership

are entered into the sales information system and researched in an attempt to obtain the pertinent

sale information. Other sources of sale data include the hearings process and local, regional and

national real estate and financial publications.

For those properties involved in a transfer of commercial ownership, a sale file is produced which

begins the research and verification process. The initial step in sales verification involves a computer-

generated questionnaire, which is mailed to both parties in the transaction (Grantor and Grantee). If a

questionnaire is not returned within thirty days a second questionnaire is mailed. If a questionnaire is

answered and returned, the documented responses are recorded into the computerized sales

database system. If no information is provided, verification is then attempted via phone calls to both

parties. If the sales information is still not obtained, other sources are contacted such as the brokers

involved in the sale, property managers or commercial vendors. In other instances sales verification

is obtained from local appraisers or others that may have the desired information. Finally, closing



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statements are often provided during the hearings process. The actual closing statement is the most

reliable and preferred method of sales verification.

VALUATION ANALYSIS (Model Calibration)

Model calibration involves the process of periodically adjusting the mass appraisal formulas, tables

and schedules to reflect current local market conditions. Once the models have undergone the

specification process, adjustments can be made to reflect new construction procedures, materials

and/or costs, which can vary from year to year. The basic structure of a mass appraisal model can be

valid over an extended period of time, with trending factors utilized for updating the data to the current

market conditions. However, at some point, if the adjustment process becomes too involved, the

model calibration technique can mandate new model specifications or a revised model structure.

Cost Schedules

The cost approach to value is applied to all improved real property utilizing the comparative unit

method. This methodology involves the utilization of national cost data reporting services as well as

actual cost information on comparable properties whenever possible. Cost models are typically

developed based on the Marshall Swift Valuation Service. Cost models include the derivation of

replacement cost new (RCN) of all improvements. These include comparative base rates, per unit

adjustments and lump sum adjustments. This approach also employs the sales comparison approach

in the valuation of the underlying land value. Time and location modifiers are necessary to adjust cost

data to reflect conditions in a specific market and changes in costs over a period of time. Because a

national cost service is used as a basis for the cost models, locational modifiers are necessary to

adjust these base costs specifically for Hunt County. These modifiers are provided by the national

cost services.

Depreciation schedules are developed based on what is typical for each property type at that specific

age. Depreciation schedules have been implemented for what is typical of each major class of

commercial property by economic life categories. Schedules have been developed for improvements

with 15, 20, 30, 40, 50 and 60 year expected life. These schedules are then tested to ensure they are

reflective of current market conditions. The actual and effective ages of improvements are noted in

CAMA. Effective age estimates are based on the utility of the improvements relative to where the

improvement lies on the scale of its total economic life and its competitive position in the marketplace.

Market adjustment factors such as external and/or functional obsolescence can be applied if

warranted. A depreciation calculation override can be used if the condition or effective age of a

property varies from the norm by appropriately noting the physical condition and functional utility

ratings on the property data characteristics. These adjustments are typically applied to a specific

property type or location and can be developed via ratio studies or other market analyses. Accuracy

in the development of the cost schedules, condition ratings and depreciation schedules will usually

minimize the necessity of this type of an adjustment factor.

Income Models

The income approach to value is applied to those real properties which are typically viewed by market

participants as “income producing”, and for which the income methodology is considered a leading

value indicator. The first step in the income approach pertains to the estimation of market rent on a



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per unit basis. This is derived primarily from actual rent data furnished by property owners and from

local market study publications. This per unit rental rate multiplied by the number of units results in

the estimate of potential gross rent.

A vacancy and collection loss allowance is the next item to consider in the income approach. The

projected vacancy and collection loss allowance is established from actual data furnished by property

owners and on local market publications. This allowance accounts for periodic fluctuations in

occupancy, both above and below an estimated stabilized level. The market derived stabilized

vacancy and collection loss allowance is subtracted from the potential gross rent estimate to yield an

effective gross rent.

Next a secondary income or service income is calculated as a percentage of stabilized effective gross

rent. Secondary income represents parking income, escalations, reimbursements, and other

miscellaneous income generated by the operations of real property. The secondary income estimate

is derived from actual data collected and available market information. The secondary income

estimate is then added to effective gross rent to arrive at an effective gross income.

Allowable expenses and expense ratio estimates are based on a study of the local market, with the

assumption of prudent management. An allowance for non-recoverable expenses such as leasing

costs and tenant improvements are included in the expenses. A non-recoverable expense represents

costs that the owner pays to lease rental space. Different expense ratios are developed for different

types of commercial property based on use. For instance, retail properties are most frequently leased

on a triple-net basis, whereby the tenant is responsible for his pro-rata share of taxes, insurance and

common area maintenance. In comparison, a general office building is most often leased on a base

year expense stop. This lease type stipulates that the owner is responsible for all expenses incurred

during the first year of the lease. However, any amount in excess of the total per unit expenditure in

the first year is the responsibility of the tenant. Under this scenario, if the total operating expense in

year one (1) equates to $8.00 per square foot, any increase in expense over $8.00 per square foot

throughout the remainder of the lease term would be the responsibility of the tenant. As a result,

expense ratios are implemented based on the type of commercial property.

Another form of allowable expense is the replacement of short-lived items (such as roof or floor

coverings, air conditioning or major mechanical equipment or appliances) requiring expenditures of

large lump sums. When these capital expenditures are analyzed for consistency and adjusted, they

may be applied on an annualized basis as stabilized expenses. When performed according to local

market practices by commercial property type, these expenses when annualized are known as

replacement reserves.

Subtracting the allowable expenses (inclusive of non-recoverable expenses and replacement

reserves) from the effective gross income yields an estimate of net operating income.

Rates and multipliers are used to convert income into an estimate of market value. These include

income multipliers, overall capitalization rates, and discount rates. Each of these is used in specific

applications. Rates and multipliers also vary between property types, as well as by location, quality,

condition, design, age, and other factors. Therefore, application of the various rates and multipliers

must be based on a thorough analysis of the market. These procedures are documented in the

Commercial Appraisal Manual. The last time this manual was updated was in 2016.



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Capitalization analysis is used in the income approach models. This methodology involves the

capitalization of net operating income as an indication of market value for a specific property.

Capitalization rates, both overall (going-in) cap rates for the direct capitalization method and terminal

cap rates for discounted cash flow analyses, can be derived from the market. Sales of improved

properties from which actual income and expense data are obtained provide a very good indication of

what a specific market participant is requiring from an investment at a specific point in time. In

addition, overall capitalization rates can be derived from the built-up method (band-of-investment).

This method relates to satisfying the market return requirements of both the debt and equity positions

of a real estate investment. This information is obtained from real estate and financial publications.

Rent loss concessions are made on specific properties with vacancy problems. A rent loss

concession accounts for the impact of lost rental income while the building is moving toward stabilized

occupancy. The rent loss is calculated by multiplying the rental rate by the percent difference of the

property’s stabilized occupancy and its actual occupancy. Build out allowances (for first generation

space or retrofit/second generation space as appropriate) and leasing expenses are added to the rent

loss estimate. The total adjusted loss from these real property operations is discounted using an

acceptable risk rate. The discounted value (inclusive of rent loss due to extraordinary vacancy, build

out allowances and leasing commissions) becomes the rent loss concession and is deducted from the

value indication of the property at stabilized occupancy. A variation of this technique allows that for

every year that the property’s actual occupancy is less than stabilized occupancy a rent loss

deduction may be estimated.

The model for the income approach is:

Potential Gross Rent -Vacancy and Collections

Effective Gross Rent + Other Income

Effective Gross Income -Allowed Expenses

Net Operating Income /Capitalization Rate

Market Value

Sales Comparison (Market) Approach

Although all three of the approaches to value are based on market data, the Sales Comparison

Approach is most frequently referred to as the Market Approach. This approach is utilized not only for

estimating land value but also in comparing sales of similarly improved properties to each parcel on

the appraisal roll. As previously discussed in the Data Collection / Validation section of this report,

pertinent data from actual sales of properties, both vacant and improved, is pursued throughout the

year in order to obtain relevant information which can be used in all aspects of valuation. Sales of

similarly improved properties can provide a basis for the depreciation schedules in the Cost Approach,

rates and multipliers used in the Income Approach, and as a direct comparison in the Sales



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Comparison Approach. Improved sales are also used in ratio studies, which afford the appraiser an

excellent means of judging the present level and uniformity of the appraised values.

Final Valuation Schedules

Based on the market data analysis and review discussed previously in the cost, income and sales

approaches, the cost and income models are calibrated and finalized. The calibration results are

keyed to the schedules and models on the mainframe CAMA system for utilization on all commercial

properties in the district. The schedules and models are summarized in the Commercial Manual.

This manual is provided to appraisers and is made available to the public in an easy to understand

format.

Statistical and Capitalization Analysis

Statistical analysis of final values is an essential component of quality control. This methodology

represents a comparison of the final value against the standard and provides a concise measurement

of the appraisal performance. Statistical comparisons of many different standards are used including

sales of similar properties, the previous year’s appraised value, audit trails, value change analysis and

sales ratio analysis.

Appraisal statistics of central tendency and dispersion generated from sales ratios are available for

each property type. These summary statistics including, but not limited to, the weighted mean,

standard deviation and coefficient of variation, provide the appraisers an analytical tool by which to

determine both the level and uniformity of appraised value of a particular property type. The level of

appraised values can be determined by the weighted mean for individual properties within a specific

type, and a comparison of weighted means can reflect the general level of appraised value. Review

of the standard deviation and the coefficient of variation can discern appraisal uniformity within a

specific property type.

The appraisers review every commercial property type annually through the sales ratio analysis

process. The first phase involves ratio studies that compare the recent sales prices of properties to

the appraised values of the sold properties. This set of ratio studies affords the appraiser an excellent

means of judging the present level of appraised value and uniformity of the appraised values. The

appraiser, based on the sales ratio statistics and designated parameters for valuation update, makes

a preliminary decision as to whether the value level of a particular property type needs to be updated

in an upcoming reappraisal, or whether the level of market value is at an acceptable level.

Potential gross rent estimates, occupancy levels, secondary income, allowable expenses (inclusive of

non-recoverables and replacement reserves), net operating income and capitalization rate and

multipliers are continuously reviewed utilizing frequency distribution methods or other statistical

procedures or measures. Income model conclusions are compared to actual information obtained on

individual commercial properties during the hearings process as well as information from published

sources and area vendors.


Field Review

The date of last inspection, extent of that inspection, and the Hunt CAD appraiser responsible are

listed in the CAMA system. If a property owner disputes the District's records concerning this data in



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a protest hearing, CAMA may be altered based on the credibility of the evidence provided. Typically,

a new field check is then requested to verify this evidence for the current year's valuation or for the

next year's valuation. In addition, if a building permit is filed for a particular property indicating a

change in characteristics, that property is added to a work file. Finally, even though every property

cannot be inspected each year, each appraiser typically designates certain segments of their area of

responsibility to conduct field checks.

Commercial appraisers are somewhat limited in the time available to field review all commercial

properties of a specific use type. However, a major effort is made by appraisers to field review as

many properties as possible or economic areas experiencing large numbers of remodels, renovations,

or retrofits, changes in occupancy levels or rental rates, new leasing activity, new construction, or

wide variations in sale prices. Additionally, the appraisers frequently field review subjective data items

such as building class, quality of construction (known as cost modifiers), condition, and physical,

functional and economic obsolescence factors contributing significantly to the market value of the

property. In some cases field reviews are warranted when sharp changes in occupancy or rental rate

levels occur between building classes or between economic areas. With preliminary estimates of

value in these targeted areas, the appraisers test computer assisted values against their own

appraisal judgment. While in the field, the appraisers physically inspect sold and unsold properties for

comparability and consistency of values.

Office Review

Office reviews are completed on properties not subject to field inspections and are performed in

compliance with the guidelines contained in the Commercial Manual. The Commercial Appraisal

Manual outlines the application of the three approaches to value (including Discounted Cash Flow -

DCF). This manual is rigorously maintained and updated frequently. The last update of the

Commercial Manual was in 2016.

Office reviews are typically limited by the data presented in final value reports. These reports

summarize the pertinent data of each property as well as comparing the previous values (two year

value history) to the proposed value conclusions of the various approaches to value. These reports

show proposed percentage value changes, income model attributes or overrides, economic factor

(cost overrides) and special factors affecting the property valuation such as new construction status,

prior year litigation and a three years sales history (USPAP property history requirement for non-

residential property). The appraiser may review methodology for appropriateness to ascertain that it

was completed in accordance with USPAP or more stringent statutory and district policies. This

review is performed after preliminary ratio statistics have been applied. If the ratio statistics are

generally acceptable overall the review process is focused primarily on locating skewed results on an

individual basis. Previous values resulting from protest hearings are individually reviewed to

determine if the value remains appropriate for the current year based on market conditions. Each

appraiser's review is limited to properties in their area of responsibility by property type (improved) or

geographic area (commercial vacant land).

Once the appraiser is satisfied with the level and uniformity of value for each commercial property

within their area of responsibility, the estimates of value go to noticing. Each parcel is subjected to

the value parameters appropriate for its use type. If one of the parcel’s component values, land value,



25

improvement value or total value exceeds the permissible change in value range it "fails the value

edits". In this case, the parcel does not shift to noticing, but it is placed on a rework list. Therefore,

although the value estimates are determined in a computerized mass appraisal environment, value

edits and rework lists enable an individual parcel review of value anomalies before the estimate of

value is released for noticing.

PERFORMANCE TESTS

The primary tool used to measure mass appraisal performance is the ratio study. A ratio study

compares appraised values to market values. In a ratio study, market values (value in exchange) are

typically represented by sales prices (i.e. A sales ratio study). Independent, expert appraisals may

also be used to represent market values in a ratio study (i.e. An appraisal ratio study). If there are

not enough sales to provide necessary representativeness, independent appraisals can be used as

indicators for market value. This can be particularly useful for commercial, warehouse or industrial

real property for which sales are limited. In addition, appraisal ratio studies can be used for properties

statutorily not appraised at market value, but reflect the use-value requirement. An example of this

are multi-family housing projects subject to subsidized rent provisions or other governmental

guarantees as provided by legislative statutes (affordable housing) or agricultural lands to be

appraised on the basis of productivity or use value.

Hunt CAD has adopted the policies of the IAAO STANDARD ON RATIO STUDIES, circa 2013

regarding its ratio study standards and practices. Ratio studies generally have seven basic steps: (1)

definition of purpose, scope and objectives, (2) design, (3) stratification, (4) collection and preparation

of data, (5) matching of appraisal and market data, (6) statistical analysis, and (7) evaluation and use

of the results.

Sales Ratio Studies

Sales ratio studies are an integral part of establishing equitable and accurate market value estimates,

and ultimately assessments for this taxing jurisdiction. The primary uses of sale ratio studies include

the determination of a need for general reappraisal; prioritizing selected groups of properties types for

reappraisal; identification of potential problems with appraisal procedures; assist in market analyses;

and, to calibrate models used to derive appraised values during valuation or reappraisal cycles.

However, these studies cannot be used to judge the accuracy of an individual property appraised

value. The Hunt County Appraisal Review Board may make individual value adjustments based on

unequal appraisal (ratio) protest evidence submitted on a case-by-case basis during the hearing

process.

Overall sales ratios are generated by use type semi-annually (or more often in specific areas) to allow

appraisers to review general market trends in their area of responsibility. The appraisers utilize

desktop applications such as MS EXCEL programs to evaluate subsets of data by economic area or a

specific and unique data item. On the desktop, this may be customized and performed by building

class and age basis. In many cases, field checks may be conducted to insure the ratios produced are

accurate and the appraised values utilized are based on accurate property data characteristics.

These ratio studies aid the appraisers by providing an indication of market activity by economic area

or changing market conditions (appreciation or depreciation). A copy of the district’s latest ratio study

is attached.



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Comparative Appraisal Analysis

The commercial appraiser performs an average unit value comparison in addition to a traditional ratio

study. These studies are performed on commercially classed properties by property use type (such

as apartment, office, retail and warehouse usage or special use). The objective to this evaluation is to

determine appraisal performance of sold and unsold properties. Appraiser’s average unit prices of

sales and average unit appraised values of the same parcels and the comparison of average value

changes of sold and unsold properties. These studies are conducted on substrata such as building

class and on properties located within various economic areas. In this way, overall appraisal

performance is evaluated geographically, by specific property type to discern whether sold parcels

have been selectively appraised. When sold parcels and unsold parcels are appraised equally, the

average unit values are similar. These horizontal equity studies are performed prior to annual

noticing.



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Industrial Valuation Process

INTRODUCTION


The Industrial Appraisers and/or Contract Appraisers of the Hunt County Appraisal District are

responsible for developing fair, uniform market values for improved industrial real properties and

industrial vacant land as well as the utilities in Hunt County. There are approximately 78 parcels of

improved industrial real property in Hunt County. Capital Appraisal Group values approximately 539

utilities and 6 minerals.

Appraisal Resources

Personnel - The industrial section consists of 2 appraisers. In addition, Hunt CAD contracts

with Capitol Appraisal Group, LLC to value utilities for which the district does not have the

available personnel or resources.

Data - The industrial appraisers and contract appraisal staff inspect their assigned properties

to obtain information about buildings, site improvements, process and shop equipment, and

various items of personal property. In addition, appraisal personnel use information provided

by property owners concerning the cost to purchase, install, and construct items of real and

personal property. The individual characteristics of the property being appraised are the

primary factors that drive the appraised value.

VALUATION APPROACH (MODEL SPECIFICATION)

Area Analysis

The scope of market forces affecting industrial products and the capital goods used in the production

process tends to extend beyond regional considerations. The effects of information and

transportation technology are such that most industrial market forces are measured globally. One

exception to this general concept is the market for industrial land. The pricing of land tends to be

closely tied to possible alternative uses in the area. For this reason, appraisers assigned to land

valuation analyze market forces for specific areas and adjust land value schedules appropriately.

Neighborhood Analysis

Neighborhood analysis of the type of properties valued by the industrial appraiser is not meaningful.

Industrial properties do not have the type of generic “sameness” that is appropriate for neighborhood

models.



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The highest and best use of real or personal property is the most reasonable and probable use of the

property on the date of appraisal that is physically and financially feasible, legal, and that derives

maximum production from the property. Usually, the current use of the property is the highest and

best use of that property. Industrial facilities are most commonly located in areas that support

industrial use. In areas where mixed use does occur, the highest and best use of the property is

examined by the appraiser to estimate the effect of this factor.

Market Analysis

Market analysis is the basis for finalizing value estimates on properties for which the industrial

appraiser has responsibility. Even though many industrial properties are unique in nature, the market

for this type property is analyzed to see how the values of similar or similar as possible properties are

affected by market forces. Industrial properties, such as machine shops, have many similar facilities

that can be compared to the subject property in terms of type and size of equipment, type of property

fabricated or serviced at the subject facility, and other factors. Those similarities help the appraiser

estimate the value of the subject property. However, some facilities, such as specialty chemical

plants, are so unique in nature that the appraiser must use the closest available plant in terms of

output quantity, type of product manufactured, and other factors to estimate the value of the subject

property. Many industrial properties use the same type of building and, depending on the type of

business, may use the same type of manufacturing or service equipment. However, the manner in

which the entire business operation is put together makes that particular facility unique. The district

uses information from similar businesses to examine the real and personal property values at a

particular business, but the individual characteristics of the business being reviewed determine the

value estimation. Many of the buildings encountered at industrial facilities are generic in construction,

such as pre-engineered metal buildings. The cost per square foot to construct these type structures

can be used to estimate values at facilities that have similarly constructed buildings. However, the

building as constructed will have differences that must be taken into account when estimating the final

value of the property being reviewed.

Due to the fact that most of the industrial properties are highly specialized and owner occupied, the

Income Approach is considered inappropriate in most cases and receives little weight in the valuation.

DATA COLLECTION/VALIDATION

Data Collection Manuals

An extended range of variations may exist within the same class of industrial property, and there are a

multitude of property types within the industrial category. For this reason, effective data collection

procedures would be very difficult to organize in a single comprehensive manual. The district has

adopted the Marshall & Swift Commercial Estimator Cost guide and its occupancy codes to

standardize data and its collection for buildings assigned to the industrial appraisal staff.

Industrial personal property also consists of many different classes of assets with a wide range of

variation within each class. The district has adopted the convention of listing assets and estimating

effective age of assets in the field. The field listing is then compared with information furnished by

property owners during the final valuation review.



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Sources of Data

The original real and personal property data used by Hunt CAD was supplied by the Hunt County Tax

Assessor. Since that time, the district and contract appraisal personnel have updated that information

based on field review. As new facilities are built, the appraisal personnel collect all the real and

personal property data necessary to value the property initially and thereafter update the information

when the property is again visited. The district receives building permit information from the cities and

from the county when a facility is being built outside an incorporated city. Other sources of data

include publications such as the Texas Register regarding waste control permits, various refining and

chemical industry magazine articles, and Texas Industrial Expansion articles on new construction.


The district appraisal personnel annually or periodically visit assigned plants. The frequency of the

visit is determined by the nature of the business conducted at each facility. For example, refineries

and chemical plants are continually changing or adding to processes to extract greater efficiencies or

make new products, but machine shops may not add or remove equipment over a period two or more

years.

The appraisers take with them the historical data on the buildings and site improvements at the facility

being visited. Changes to the existing structures are noted and that information is used for value

estimation purposes. If cost information for the real or personal property is supplied later, the field

data can be compared to that information to judge the accuracy of the information.

New district appraisers are trained by accompanying appraisers who have performed field visit and

appraisal functions for a number of years. Each district appraiser is responsible for the completeness

and correctness of their valuation work, but a new appraiser is encouraged to seek the advice of and

review by experienced appraisal staff if that person is not sure of their value estimation results.

VALUATION ANALYSIS (MODEL CALIBRATION)

Final Valuation Schedules

The schedules used by the district are those integrated into Marshall & Swift Commercial Estimator

Valuation System for real property improvements. The real property valuation schedules are updated

annually through the use of update disks supplied by Marshall & Swift. The valuation schedule

incorporated into the district’s records is updated annually using a calculated index factor compiled

from data in Chemical Engineering Magazine. Depreciation schedules are also calibrated using the

Consumer Price Index developed by the US Bureau of Labor Statistics.


Field Review

The district’s personnel periodically review their assigned industrial real accounts annually. The

results of prior year hearings and indication of building permits being issued are another source of

required field visits. Many times during hearings, issues are presented that cause a value adjustment.



30

Those issues must be field checked to see if these influences will be on going and warrant permanent

value adjustment or are transitory and a permanent adjustment is not warranted. This information

needs to be recorded so the appraiser will be better able to estimate the property value. Building

permits must be field checked to see what effect these have on existing structures. Any new

construction is noted and the information necessary to value the structure is recorded. Additionally,

any structure demolition is noted so the improvement value can be adjusted accordingly.

Part of the field review includes noting any land characteristics that would affect the land value. The

district values all land for the properties over which it has responsibility, including those properties

assigned to contract appraisal firms. The contract appraisal firms must advise the district of any

characteristics that would affect the value of the land associated with that assigned facility.

PERFORMANCE TESTS

Sales Ratio Studies

Ratio studies are an important tool to examine how close appraised values are to market values. The

ratio study may use available sales data or may use independent, expert appraisals. Typically, there

are not enough sales of industrial properties to show representativeness of that class of property in a

ratio study. Ratio studies of industrial properties usually have to rely on independent appraisals as an

indicator of market values.

Comparative Appraisal Analysis

This type of analysis is usually not done on industrial properties due to the unique nature of the

property and also because of time and budget constraints regarding available appraisal staff. Only in

an instance where a jurisdiction would file a jurisdiction challenge with the Appraisal Review Board

would the district perform such an analysis.

If a jurisdiction challenge is received by Hunt CAD on an industrial category of properties, the

appraisers assigned to those accounts will research the appraisal roll to see what other similar

properties exist. The real property values can be compared on an average value per square foot of

structure basis, but the differences from one facility to another must be carefully compared because it

is unlikely that two different facilities are going to build like improvements and use them in similar

ways.



31

Business Personal Property Valuation Process

INTRODUCTION


There are four different personal property types appraised by the district’s personal property section:

Commercial and Industrial Personal Property accounts; Leased Assets; Vehicles; and Multi-Location

Assets. There are approximately 2370 business personal property accounts in Hunt County.

Appraisal Resources

Personnel - The personal property staff consists of 1 appraiser and 1 support staff.

Data - A common set of data characteristics for each personal property account in Hunt

County is collected in the field and data entered to the district’s computer. The property

characteristic data drives the computer-assisted personal property appraisal (CAPPA) system.

The field data is collected by the personal property appraiser.


SIC Code Analysis

Four digit numeric codes, called Standard Industrial Classification (SIC) codes that were developed by

the federal government. These classifications are used by Hunt CAD as a way to classify personal

property by business type. Hunt CAD has further stratified these accounts by using an additional

Business Personal Property Class Code of four digits that is the first four digits of the Geo ID to group

business types that have similar personal property characteristics.

SIC code and Class Code identification and delineation is the cornerstone of the personal property

valuation system at the district. All of the personal property analysis work done in association with the

personal property valuation process is SIC code and Class code specific. SIC codes are delineated

based on observable aspects of homogeneity. SIC code and Class Code delineation is periodically

reviewed to determine if additional delineation is warranted.


The highest and best use of property is the reasonable and probable use that supports the highest

present value as of the date of the appraisal. The highest and best use must be physically possible,

legally permissible, financially feasible, and maximally productive. The highest and best use of

personal property is normally its current use.

DATA COLLECTION/VALIDATION


Personal property data collection procedures are published and distributed to all appraisers involved

in the appraisal and valuation of personal property. The appraisal procedures are reviewed and

revised to meet the changing requirements of field data collection. The most recent revision of the

personal property data collection procedures was in 2018 and these were incorporated in the

Personal Property Appraisal Manual.



32

Sources of Data

Business Personal Property

The district’s property characteristic data was originally received from Hunt County, and various

school district records in 1980, and where absent, collected through a massive field data collection

effort coordinated by the district over a period of time. When revaluation activities permit, district

appraisers collect new data via an annual field drive-out. This project results in the discovery of new

businesses not revealed through other sources. Various discovery publications such as state sales

tax listings and local occupancy permits are also used to discover personal property. Tax assessors,

city and local newspapers, and the public often provide the district information regarding new personal

property and other useful facts related to property valuation.

Vehicles

An outside vendor, Just Texas, provides Hunt CAD with a listing of commercially registered vehicles

within Hunt County. The vendor develops this listing from the Texas Department of Transportation

(DOT) Title and Registration Division records. They use NADA values as a guide along with other

resourced values. Other sources of data include property owner renditions and field inspections.

Leased and Multi-Location Assets

The primary source of leased and multi-location assets is property owner renditions of property.

Other sources of data include field inspections.

Special Inventory

Special Inventory (which includes motor vehicles, boats, manufactured houses and heavy equipment

at the retail level of trade) is discovered and valued in conjunction with monthly tax statements and

annual declaration forms filed by the owner. Copies of the monthly statements and annual

declarations are maintained by Hunt CAD. Alternative discovery methods may sometimes be used

as with standard BPP accounts described earlier in this report.

The discovery and valuation of certain utility and pipeline accounts is contracted out to third party

appraisal firms. Uniform Standards of Professional Appraisal Practices or USPAP certification and

reappraisal plan information on these properties are maintained at the contractors individual offices.

A list of our third party vendors is available upon request.

VALUATION AND STATISTICAL ANALYSIS (model calibration)

Cost Schedules

Cost schedules are developed by SIC code by district personal property valuation appraisers. The

cost schedules are developed by analyzing cost data from property owner renditions, hearings, state

schedules, and published cost guides. The cost schedules are reviewed as necessary to conform to

changing market conditions. The schedules are typically in a price per square foot format, being

adjusted for quality and density.



33

Statistical Analysis

Summary statistics including, but not limited to, the median, weighted mean, and standard deviation

provide the appraisers an analytical tool by which to determine both the level and uniformity of

appraised value by SIC code. Review of the standard deviation can discern appraisal uniformity

within SIC codes.

Depreciation Schedule and Trending Factors:


Hunt CAD’s primary approach to the valuation of business personal property is the cost approach.

Because we are not valuating the Going Business Concern the Income Approach is not considered

relevant. Due to the lack of sales of a business continuing its operations from owner to owner and the

difficulty in separating the sales price of the going concern, real property and personal property parts

of the sale, the Sales Market Approach receives little weight. The replacement cost new (RCN) is

either developed from property owner reported historical cost or from Hunt CAD developed valuation

models. The trending factors used by Hunt CAD to develop RCN are based on published valuation

guides. The percent good depreciation factors used by Hunt CAD are also based on published

valuation guides. The Business Personal Property Model is:

MARKET VALUE ESTIMATE = HISTORICAL COST X PERCENT GOOD FACTOR

This mass appraisal depreciation schedule is used to ensure that estimated values are uniform and

consistent within the market.

Computer Assisted Personal Property Appraisal (CAPPA)

The CAPPA valuation process has two main objectives: 1) Analyze and adjust existing SIC models.

2) Develop new models for business classifications not previously integrated into CAPPA. The

delineated sample is reviewed for accuracy of SIC code, square footage, field data, and original cost

information. Models are created and refined using actual original cost data to derive a typical

replacement cost new (RCN) per square foot for a specific category of assets. The RCN per square

foot is depreciated by the estimated age using the depreciation table adopted for the tax year.

The data sampling process is conducted in the following order: 1) Prioritizing Standard Industrial

Classification (SIC) codes for model analysis. 2) Compiling the data and developing the reports. 3)

Field checking the selected samples. The models are built and adjusted using internally developed

software. The models are then tested against the previous year's data. The typical RCN per square

foot (or applicable unit) is determined by a statistical analysis of the available data.

CAPPA model values are used in the general business personal property valuation program to

estimate the value of new accounts for which no property owner's rendition is filed. Model values are

also used to establish tolerance parameters for testing the valuation of property for which prior data

years' data exist or for which current year rendered information is available. The calculated current

year value or the prior year's value is compared to the indicated model value by the valuation

program. If the value being tested is within an established acceptable percentage tolerance range of

the model value, the account passes that range check and moves to the next valuation step. If the

account fails the tolerance range check, it is flagged for individual review. Allowable tolerance ranges

may be adjusted from year to year depending on the analysis of the results of the prior year.



34

Vehicles

Value estimates for vehicles are provided by an outside vendor and are based on NADA published

book values as well as other sources. Vehicles that are not valued by the vendor are valued by an

appraiser using PVF schedules or published guides.


Leased and multi-location assets are valued using the valuation model mentioned above. If the asset

to be valued in this category is a vehicle, then NADA published book values are used. Assets that are

not valued by the vendor are valued by an appraiser using PVF schedules or published guides.


Office Review


A district valuation computer program exists in a mainframe environment that identifies accounts in

need of review based on a variety of conditions. Property owner renditions, accounts with field or

other data changes, accounts with prior hearings, new accounts, and SIC cost table changes are all

considered. The accounts are processed by the valuation program and pass or fail preset tolerance

parameters by comparing appraised values to prior year and model values. Accounts that fail the

tolerance parameters are reviewed by the appraisers.

Vehicles

A vehicle master file is received on tape from an outside vendor and vehicles in the district’s system

from the prior year are programmatically matched to current DOT records. The vehicles remaining

after the matching process are sorted by owner name and the owners are then prioritized by the

number of vehicles owned. These vehicles are then matched to existing accounts and new accounts

are created as needed. Vehicles that are not valued by the vendor are valued by an appraiser using

depreciation schedules or published guides.


Leasing and multi-location accounts that have a high volume of vehicles or other assets are loaded

programmatically if reported by the property owner electronically. Electronic renditions, usually on

diskette, often require reformatting before they can be loaded to the account. Accounts that render by

hard copy are either data entered by CAD or sent to an outside data entry vendor.

After matching and data entry, reports are generated and reviewed by an appraiser. Once proofed,

the report is then mailed to the property owner for review. Corrections are made and the account is

noticed after supervisor approval.

The commercial and business aircraft accounts are simultaneously valued/reviewed with rendered

data and third party market value data. Hunt CAD’s perpetual account tracking system ensures

special inventory dealers without a current declaration on file are contacted to advise them of their

legal filing requirements and to provide Hunt CAD with the most current valuation/review data

available.



35

PERFORMANCE TESTS

Ratio Studies

At least once every two years, the Property Tax Division of the state comptroller’s office conducts a

property value study (PVS). The PVS is a ratio study used to gauge appraisal district performance.

Results from the PVS play a part in school funding. Rather than a sales ratio study, the personal

property PVS is a ratio study using state cost and depreciation schedules to develop comparative

personal property values. These values are then compared to Hunt CAD’s personal property values

and ratios are formed.

Internal Testing

Hunt CAD can test new or revised cost and depreciation schedules by running the valuation program

in a test mode prior to the valuation cycle. This can give appraisers a chance to make additional

refinements to the schedules if necessary.



36

LIMITING CONDITIONS

The appraised value estimates provided by the district are subject to the following conditions:

1. The appraisals were prepared exclusively for ad valorem tax purposes.

2. The property characteristic data upon which the appraisals are based is assumed to be

correct. Exterior inspections of the property appraised were performed as staff resources and

time allowed.

3. Validation of sales transactions was attempted through questionnaires to buyer and seller,

telephone survey and field review. In the absence of such confirmation, residential sales data

obtained from vendors was considered reliable.

4. I have attached a list of staff providing significant mass appraisal assistance to the person

signing this certification.

5. Attached are the district’s latest ratio study results.



37

Certification Statement:

"I, Brent South, Chief Appraiser for the Hunt County Appraisal District, certify that, to the best of my

knowledge and belief:

• The statements of fact contained in this report are true and correct.

• The reported analyses, opinion, and conclusions are limited only by the reported assumptions

and limiting conditions, and are my personal, impartial, and unbiased professional analyses,

opinions and conclusions.

• I have no (unless previously disclosed to Hunt CAD) present or prospective interest in the

property that is the subject of this report, and I have no (unless previously disclosed to Hunt

CAD) personal interest with respect to the parties involved.

• I have performed no (unless previously disclosed to Hunt CAD) services, as an appraiser or in

any other capacity, regarding the property that is the subject of this report within the three-year

period immediately preceding acceptance of this assignment.

• I have no bias with respect to any property that is the subject of this report or to the parties

involved with this assignment.

• My engagement in this assignment was not contingent upon developing or reporting

predetermined results.

• My compensation for completing this assignment is not contingent upon the reporting of a

predetermined value or direction in value that favors the cause of the client, the amount of the

value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event

directly related to the intended use of this appraisal.

• My analyses, opinions and conclusions were developed, and this report has been prepared, in

conformity with the Uniform Standards of Professional Appraisal Practice.

• I have made a personal inspection of a portion of the properties that are the subject of this report.

• The attached list contains the Hunt County Appraisal District Appraisers and Contract

Appraisers who provided significant mass appraisal assistance in appraising the property that is

the subject of this report.

___________________________

Brent South

Chief Appraiser



38

PROVIDING SIGNIFICANT MASS APPRAISAL ASSISTANCE

NAME TITLE TDLR NUMBER

TYPE OF ASSISTANCE

Tamra Burton Deputy Chief Appraiser

68308 Supervisor

Chris Williams Appraiser/Analyst 69167 Residential, Commercial and Industrial Appraiser/Updated Residential Valuation Models(Inspects Property)

Kyle Wilhite Appraiser

Supervisor

71244 Supervisor (Inspects Property)

James Chapman Appraiser 72114 Residential Appraiser (Inspects Property)

Billy Jones Appraiser 70885 Residential Appraiser (Inspects Property)

Jamie Martinez Appraiser 71752 Residential Appraiser (Inspects Property)

Edwin Myers Appraiser 74406 Residential Appraiser (Inspects Property)

Stephanie Salazar Appraiser

71200 Residential Appraiser (Inspects Property)

Grady Ewing Appraiser 73383 Land and Residential Appraiser (Inspects Property)

Todd Wilburn Appraiser 70461 Commercial and Industrial Appraiser (Inspects Property)

Tiffany Tadlock Appraiser 72826 Business and Industrial Personal Property (Inspects Property)

Capitol Appraisal Group, LLC Contract Appraisal

Firm

Utilities (Inspects Property)

HUNT County As of Certification2018 CERTIFIED TOTALSCAD - APPRAISAL DISTRICT

Grand TotalsProperty Count: 68,188 4:59:45PM8/28/2018

Land ValueHomesite: 499,758,897Non Homesite: 832,125,582Ag Market: 1,484,473,860Timber Market: 2,816,358,339Total Land (+)0

Improvement Value

Homesite: 3,196,904,194Non Homesite: 2,617,872,435 Total Improvements (+) 5,814,776,629

Non Real ValueCount

Personal Property: 3,190 1,352,851,944Mineral Property: 4 33,220Autos: 0 0 Total Non Real (+) 1,352,885,164

Market Value = 9,984,020,132ExemptAg Non Exempt

1,483,695,030 778,830Total Productivity Market:Ag Use: 38,748,170 20,490 1,444,946,860(-)Productivity LossTimber Use: 0 0 =Appraised Value 8,539,073,272Productivity Loss: 758,3401,444,946,860

123,146,535(-)Homestead Cap

=Assessed Value 8,415,926,737

(-)Total Exemptions Amount(Breakdown on Next Page)

2,168,303,337

=Net Taxable 6,247,623,400

APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)0.00 = 6,247,623,400 * (0.000000 / 100)

Tax Increment Finance Value: 0Tax Increment Finance Levy: 0.00

Page 1 of 204CAD/395100 True Automation, Inc.


Exemption Breakdown

StateLocalExemption Count Total

8/28/2018 5:00:18PMProperty Count: 68,188 Grand Totals

AB 9 0 0 0CHODO (Partial) 1 1,267,740 0 1,267,740DV1 119 0 766,759 766,759DV1S 3 0 15,000 15,000DV2 95 0 717,544 717,544DV3 116 0 1,165,690 1,165,690DV4 574 0 5,016,756 5,016,756DV4S 84 0 664,664 664,664DVHS 319 0 45,881,115 45,881,115DVHSS 52 0 5,212,685 5,212,685EX-XG 11 0 1,770,280 1,770,280EX-XI 4 0 452,730 452,730EX-XI (Prorated) 1 0 74,521 74,521EX-XJ 7 0 3,849,730 3,849,730EX-XL 2 0 209,920 209,920EX-XL (Prorated) 1 0 18,552 18,552EX-XN 29 0 9,056,210 9,056,210EX-XR 123 0 32,959,147 32,959,147EX-XR (Prorated) 1 0 1,580 1,580EX-XU 15 0 2,225,630 2,225,630EX-XU (Prorated) 1 0 5,639 5,639EX-XV 2,477 0 2,049,586,052 2,049,586,052EX-XV (Prorated) 116 0 980,846 980,846EX366 34 0 10,430 10,430FR 20 0 0 0FRSS 2 0 305,477 305,477LVE 5 4,215,800 0 4,215,800PC 30 1,776,430 0 1,776,430SO 4 96,410 0 96,410

Totals 7,356,380 2,160,946,957 2,168,303,337



Grand TotalsProperty Count: 68,188 8/28/2018 5:00:18PM

State Category Breakdown

State Code Description Count Market ValueAcres New Value Market

A SINGLE FAMILY RESIDENCE 22,371 $102,846,416 $2,300,027,166B MULTIFAMILY RESIDENCE 351 $2,347,530 $173,041,048C1 VACANT LOTS AND LAND TRACTS 9,842 $0 $122,280,750D1 QUALIFIED AG LAND 13,861 $0 $1,483,695,030409,072.9054D2 NON-QUALIFIED LAND 4,577 $1,829,860 $72,311,495E FARM OR RANCH IMPROVEMENT 16,575 $50,839,050 $1,784,447,79560,854.3031F1 COMMERCIAL REAL PROPERTY 2,056 $29,681,090 $693,423,961F2 INDUSTRIAL REAL PROPERTY 96 $2,680,530 $147,431,598G1 OIL AND GAS 4 $0 $33,220J1 WATER SYSTEMS 15 $0 $606,060J2 GAS DISTRIBUTION SYSTEM 29 $0 $16,166,780J3 ELECTRIC COMPANY (INCLUDING CO-OP 71 $0 $55,934,920J4 TELEPHONE COMPANY (INCLUDING CO- 194 $0 $26,362,990J5 RAILROAD 166 $0 $13,982,030J6 PIPELAND COMPANY 191 $0 $50,751,070J7 CABLE TELEVISION COMPANY 51 $0 $6,877,010J8 OTHER TYPE OF UTILITY 1 $0 $2,390L1 COMMERCIAL PERSONAL PROPERTY 2,360 $977,900 $316,255,309L2 INDUSTRIAL PERSONAL PROPERTY 64 $0 $524,296,146M1 TANGIBLE OTHER PERSONAL, MOBILE H 1,558 $4,389,900 $40,748,850O RESIDENTIAL INVENTORY 1,952 $1,551,370 $22,618,167S SPECIAL INVENTORY TAX 109 $0 $25,731,050X TOTALLY EXEMPT PROPERTY 2,828 $2,601,154 $2,106,995,297

Totals 469,927.2085 $199,744,800 $9,984,020,132



Property Count: 68,188 8/28/2018 5:00:18PMEffective Rate Assumption

New Value

TOTAL NEW VALUE MARKET: $199,744,800TOTAL NEW VALUE TAXABLE: $194,634,939

New Exemptions

Exemption Description CountEX-XL 11.231 Organizations Providing Economic Deve 1 2017 Market Value $48,370EX-XN 11.252 Motor vehicles leased for personal use 4 2017 Market Value $429,880EX-XR 11.30 Nonprofit water or wastewater corporati 1 2017 Market Value $0EX-XV Other Exemptions (including public property, r 54 2017 Market Value $744,460EX366 HB366 Exempt 12 2017 Market Value $11,430

ABSOLUTE EXEMPTIONS VALUE LOSS $1,234,140

Exemption Description Count Exemption Amount$81,00012Disabled Veterans 10% - 29%DV1$86,47112Disabled Veterans 30% - 49%DV2

$112,00011Disabled Veterans 50% - 69%DV3$368,13737Disabled Veterans 70% - 100%DV4$60,0005Disabled Veterans Surviving Spouse 70% - 100DV4S

$3,785,82626Disabled Veteran HomesteadDVHS$598,1553Disabled Veteran Homestead Surviving SpouseDVHSS$125,9011First Responder Surviving SpouseFRSS

107PARTIAL EXEMPTIONS VALUE LOSS $5,217,490NEW EXEMPTIONS VALUE LOSS $6,451,630

Increased Exemptions

Increased Exemption_AmountCountDescriptionExemption

INCREASED EXEMPTIONS VALUE LOSS

TOTAL EXEMPTIONS VALUE LOSS $6,451,630

New Ag / Timber Exemptions

2017 Market Value Count: 144$7,208,3722018 Ag/Timber Use $168,020

$7,040,352NEW AG / TIMBER VALUE LOSS

New Annexations

New Deannexations

Average Homestead Value

Category A and E

Count of HS Residences Average TaxableAverage HS ExemptionAverage Market

20,184 $126,887$5,876$132,763Category A Only


11,754 $125,458$5,468$130,926


HUNT County As of Certification2018 CERTIFIED TOTALSCCA - CAMPBELL, CITY

Grand TotalsProperty Count: 615 4:59:45PM8/28/2018

Land ValueHomesite: 1,949,940Non Homesite: 1,820,750Ag Market: 1,119,640Timber Market: 4,890,330Total Land (+)0

Improvement Value

Homesite: 11,792,410Non Homesite: 13,766,850 Total Improvements (+) 25,559,260

Non Real ValueCount

Personal Property: 64 5,998,480Mineral Property: 0 0Autos: 0 0 Total Non Real (+) 5,998,480

Market Value = 36,448,070ExemptAg Non Exempt

1,119,640 0Total Productivity Market:Ag Use: 19,010 0 1,100,630(-)Productivity LossTimber Use: 0 0 =Appraised Value 35,347,440Productivity Loss: 01,100,630

134,070(-)Homestead Cap

=Assessed Value 35,213,370


11,091,555

=Net Taxable 24,121,815

Freeze Assessed Taxable Actual Tax Ceiling Count

4,896,887 4,333,048 5,715.59 6,229.13 72OV65Total 4,896,887 4,333,048 6,229.13 Freeze Taxable (-)5,715.59 72 4,333,048Tax Rate 0.163653

= 19,788,767Freeze Adjusted Taxable

APPROXIMATE LEVY = (FREEZE ADJUSTED TAXABLE * (TAX RATE / 100)) + ACTUAL TAX38,100.50 = 19,788,767 * (0.163653 / 100) + 5,715.59


Page 7 of 204CCA/395101 True Automation, Inc.


Exemption Breakdown


8/28/2018 5:00:18PMProperty Count: 615 Grand Totals

DP 5 0 0 0DV2 1 0 7,500 7,500DV4 4 0 48,000 48,000DV4S 1 0 0 0DVHS 3 0 303,564 303,564DVHSS 1 0 106,410 106,410EX-XR 3 0 711,310 711,310EX-XV 34 0 9,230,590 9,230,590EX366 10 0 1,880 1,880HS 147 682,301 0 682,301OV65 75 0 0 0

Totals 682,301 10,409,254 11,091,555



Grand TotalsProperty Count: 615 8/28/2018 5:00:18PM



A SINGLE FAMILY RESIDENCE 106 $71,980 $4,185,170B MULTIFAMILY RESIDENCE 1 $0 $86,750C1 VACANT LOTS AND LAND TRACTS 69 $0 $449,560D1 QUALIFIED AG LAND 86 $0 $1,119,640224.4622D2 NON-QUALIFIED LAND 16 $0 $86,790E FARM OR RANCH IMPROVEMENT 235 $149,680 $11,906,130257.3301F1 COMMERCIAL REAL PROPERTY 16 $0 $1,555,020F2 INDUSTRIAL REAL PROPERTY 1 $179,820 $1,384,880J2 GAS DISTRIBUTION SYSTEM 3 $0 $347,370J3 ELECTRIC COMPANY (INCLUDING CO-OP 2 $0 $945,130J4 TELEPHONE COMPANY (INCLUDING CO- 4 $0 $418,510J5 RAILROAD 9 $0 $1,040,110J6 PIPELAND COMPANY 3 $0 $125,100J7 CABLE TELEVISION COMPANY 3 $0 $41,530L1 COMMERCIAL PERSONAL PROPERTY 36 $0 $1,708,610L2 INDUSTRIAL PERSONAL PROPERTY 1 $0 $853,640M1 TANGIBLE OTHER PERSONAL, MOBILE H 14 $0 $188,820S SPECIAL INVENTORY TAX 2 $0 $61,530X TOTALLY EXEMPT PROPERTY 47 $0 $9,943,780

Totals 481.7923 $401,480 $36,448,070



Property Count: 615 8/28/2018 5:00:18PMEffective Rate Assumption

New Value

TOTAL NEW VALUE MARKET: $401,480TOTAL NEW VALUE TAXABLE: $401,480

New Exemptions

Exemption Description CountEX366 HB366 Exempt 1 2017 Market Value $760

ABSOLUTE EXEMPTIONS VALUE LOSS $760

Exemption Description Count Exemption Amount$80,9541Disabled Veteran HomesteadDVHS$15,0004HomesteadHS

$02Over 65OV657PARTIAL EXEMPTIONS VALUE LOSS $95,954

NEW EXEMPTIONS VALUE LOSS $96,714




TOTAL EXEMPTIONS VALUE LOSS $96,714


2017 Market Value Count: 1$8,5202018 Ag/Timber Use $120

$8,400NEW AG / TIMBER VALUE LOSS

New Annexations

New Deannexations


Category A and E


143 $64,892$5,560$70,452Category A Only


35 $53,791$5,515$59,306


HUNT County As of Certification2018 CERTIFIED TOTALSCCL - CELESTE, CITY



Improvement Value


Non Real ValueCount







17,256,167



262,108 262,108 1,366.65 1,371.58 8DP4,014,382 3,260,775 14,056.20 15,047.99 61OV65

Total 4,276,490 3,522,883 16,419.57 Freeze Taxable (-)15,422.85 69 3,522,883Tax Rate 0.738944




Page 13 of 204CCL/395102 True Automation, Inc.


Exemption Breakdown



DP 9 0 0 0DV1 1 0 5,000 5,000DV3 1 0 10,000 10,000DV4 5 0 60,000 60,000DV4S 4 0 12,000 12,000DVHS 1 0 58,366 58,366DVHSS 3 0 92,741 92,741EX-XG 1 0 42,550 42,550EX-XN 1 0 25,650 25,650EX-XR 1 0 170,210 170,210EX-XV 83 0 16,214,070 16,214,070EX366 13 0 3,030 3,030FR 1 0 0 0OV65 61 562,500 0 562,500OV65S 3 0 0 0PC 2 50 0 50

Totals 562,550 16,693,617 17,256,167






A SINGLE FAMILY RESIDENCE 300 $227,110 $15,865,351B MULTIFAMILY RESIDENCE 1 $0 $100,000C1 VACANT LOTS AND LAND TRACTS 60 $0 $308,100D1 QUALIFIED AG LAND 65 $0 $1,745,830448.8155D2 NON-QUALIFIED LAND 14 $0 $155,440E FARM OR RANCH IMPROVEMENT 40 $0 $3,048,25044.1596F1 COMMERCIAL REAL PROPERTY 34 $0 $2,899,600J2 GAS DISTRIBUTION SYSTEM 1 $0 $494,090J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $647,330J4 TELEPHONE COMPANY (INCLUDING CO- 3 $0 $117,460J5 RAILROAD 5 $0 $30,380J6 PIPELAND COMPANY 5 $0 $511,590J7 CABLE TELEVISION COMPANY 2 $0 $25,410L1 COMMERCIAL PERSONAL PROPERTY 33 $0 $2,061,680M1 TANGIBLE OTHER PERSONAL, MOBILE H 1 $0 $7,520X TOTALLY EXEMPT PROPERTY 99 $199,240 $16,455,510

Totals 492.9751 $426,350 $44,473,541




New Value


New Exemptions

Exemption Description CountEX-XV Other Exemptions (including public property, r 1 2017 Market Value $0EX366 HB366 Exempt 1 2017 Market Value $0


Exemption Description Count Exemption Amount$01DisabilityDP

$10,0001Over 65OV652PARTIAL EXEMPTIONS VALUE LOSS $10,000







New Annexations

New Deannexations


Category A and E


158 $62,692$5,075$67,767Category A Only


134 $59,108$3,869$62,977

Lower Value UsedCount of Protested Properties Total Market Value Total Value Used


HUNT County As of Certification2018 CERTIFIED TOTALSCCM - CADDO MILLS, CITY



Improvement Value


Non Real ValueCount







59,306,364


APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)1,034,007.91 = 141,644,919 * (0.730000 / 100)


Page 18 of 204CCM/395103 True Automation, Inc.


Exemption Breakdown



DP 10 0 0 0DV2 1 0 7,500 7,500DV3 6 0 60,000 60,000DV4 8 0 96,000 96,000DV4S 1 0 12,000 12,000DVHS 1 0 298,797 298,797DVHSS 1 0 65,197 65,197EX-XG 1 0 166,700 166,700EX-XN 4 0 235,070 235,070EX-XR 2 0 97,360 97,360EX-XV 44 0 55,459,890 55,459,890EX366 12 0 3,050 3,050LVE 1 14,120 0 14,120OV65 118 1,150,000 0 1,150,000PC 4 1,640,680 0 1,640,680

Totals 2,804,800 56,501,564 59,306,364






A SINGLE FAMILY RESIDENCE 373 $1,434,000 $49,497,975B MULTIFAMILY RESIDENCE 5 $0 $1,367,720C1 VACANT LOTS AND LAND TRACTS 45 $0 $553,900D1 QUALIFIED AG LAND 58 $0 $4,011,900768.6444D2 NON-QUALIFIED LAND 10 $60,080 $98,640E FARM OR RANCH IMPROVEMENT 190 $257,090 $15,239,029181.5556F1 COMMERCIAL REAL PROPERTY 72 $22,300 $12,577,285F2 INDUSTRIAL REAL PROPERTY 10 $389,100 $3,131,270J2 GAS DISTRIBUTION SYSTEM 2 $0 $914,430J3 ELECTRIC COMPANY (INCLUDING CO-OP 3 $0 $1,671,140J4 TELEPHONE COMPANY (INCLUDING CO- 3 $0 $720,550J5 RAILROAD 11 $0 $3,440J6 PIPELAND COMPANY 10 $0 $7,800,300J7 CABLE TELEVISION COMPANY 3 $0 $40,270L1 COMMERCIAL PERSONAL PROPERTY 106 $0 $6,374,170L2 INDUSTRIAL PERSONAL PROPERTY 13 $0 $44,153,534M1 TANGIBLE OTHER PERSONAL, MOBILE H 2 $0 $54,850O RESIDENTIAL INVENTORY 501 $0 $1,472,300S SPECIAL INVENTORY TAX 4 $0 $556,540X TOTALLY EXEMPT PROPERTY 64 $0 $55,976,190

Totals 950.2000 $2,162,570 $206,215,433




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0EX366 HB366 Exempt 2 2017 Market Value $1,340

ABSOLUTE EXEMPTIONS VALUE LOSS $1,340

Exemption Description Count Exemption Amount$10,0001Disabled Veterans 50% - 69%DV3$40,0004Over 65OV65

5PARTIAL EXEMPTIONS VALUE LOSS $50,000NEW EXEMPTIONS VALUE LOSS $51,340






New Annexations

Count Market Value Taxable Value

1 $470,590 $470,590

New Deannexations


Category A and E


295 $144,849$4,471$149,320Category A Only


223 $157,261$3,342$160,603


HUNT County As of Certification2018 CERTIFIED TOTALSCCO - COMMERCE, CITY



Improvement Value


Non Real ValueCount



4,303,100 0Total Productivity Market:Ag Use: 98,670 0 4,204,430(-)Productivity LossTimber Use: 0 0 =Appraised Value 1,135,835,537Productivity Loss: 04,204,430




809,333,538


APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)2,667,004.78 = 325,244,485 * (0.820000 / 100)


Page 24 of 204CCO/395104 True Automation, Inc.


Exemption Breakdown



AB 3 6,132,380 0 6,132,380CHODO (Partial) 1 1,267,740 0 1,267,740DP 38 0 0 0DV1 1 0 5,000 5,000DV2 4 0 34,500 34,500DV3 3 0 30,000 30,000DV4 15 0 144,210 144,210DV4S 5 0 36,000 36,000DVHS 7 0 843,900 843,900DVHSS 3 0 337,400 337,400EX-XG 2 0 190,330 190,330EX-XI 1 0 4,830 4,830EX-XJ 1 0 70,000 70,000EX-XL 1 0 81,760 81,760EX-XN 6 0 440,150 440,150EX-XR 6 0 12,950 12,950EX-XV 310 0 791,009,575 791,009,575EX-XV (Prorated) 14 0 97,375 97,375EX366 18 0 3,520 3,520FR 6 4,490,811 0 4,490,811LVE 2 675,400 0 675,400OV65 327 1,877,270 0 1,877,270OV65S 3 12,000 0 12,000PC 4 1,536,437 0 1,536,437

Totals 15,992,038 793,341,500 809,333,538






A SINGLE FAMILY RESIDENCE 1,620 $1,277,900 $117,802,842B MULTIFAMILY RESIDENCE 142 $105,150 $40,777,232C1 VACANT LOTS AND LAND TRACTS 529 $0 $4,913,619D1 QUALIFIED AG LAND 68 $0 $4,303,1001,253.4278D2 NON-QUALIFIED LAND 19 $34,130 $188,630E FARM OR RANCH IMPROVEMENT 151 $69,050 $9,959,530503.3782F1 COMMERCIAL REAL PROPERTY 221 $652,370 $56,530,885F2 INDUSTRIAL REAL PROPERTY 15 $1,864,300 $24,870,516J2 GAS DISTRIBUTION SYSTEM 2 $0 $2,656,110J3 ELECTRIC COMPANY (INCLUDING CO-OP 5 $0 $7,046,770J4 TELEPHONE COMPANY (INCLUDING CO- 8 $0 $1,101,770J5 RAILROAD 3 $0 $66,820J6 PIPELAND COMPANY 10 $0 $6,669,340J7 CABLE TELEVISION COMPANY 5 $0 $1,324,120L1 COMMERCIAL PERSONAL PROPERTY 285 $0 $22,273,843L2 INDUSTRIAL PERSONAL PROPERTY 15 $0 $41,965,090M1 TANGIBLE OTHER PERSONAL, MOBILE H 53 $168,160 $746,560O RESIDENTIAL INVENTORY 14 $0 $242,240S SPECIAL INVENTORY TAX 6 $0 $2,747,320X TOTALLY EXEMPT PROPERTY 362 $28,110 $793,853,630

Totals 1,756.8060 $4,199,170 $1,140,039,967




New Value


New Exemptions

Exemption Description CountEX-XL 11.231 Organizations Providing Economic Deve 1 2017 Market Value $48,370EX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0EX-XV Other Exemptions (including public property, r 11 2017 Market Value $138,180EX366 HB366 Exempt 2 2017 Market Value $0



$5,0001Disabled Veterans 10% - 29%DV1$2101Disabled Veterans 70% - 100%DV4

$232,3401Disabled Veteran HomesteadDVHS$48,49610Over 65OV65







New Annexations

New Deannexations


Category A and E


799 $90,594$1,508$92,102Category A Only


750 $90,041$1,383$91,424


HUNT County As of Certification2018 CERTIFIED TOTALSCGR - GREENVILLE, CITY



Improvement Value

Homesite: 695,170,880Non Homesite: 1,221,428,385 Total Improvements (+) 1,916,599,265

Non Real ValueCount

Personal Property: 1,275 649,631,563Mineral Property: 0 0Autos: 0 0 Total Non Real (+) 649,631,563


50,272,301 0Total Productivity Market:Ag Use: 894,795 0 49,377,506(-)Productivity LossTimber Use: 0 0 =Appraised Value 2,919,073,881Productivity Loss: 049,377,506




916,519,163

=Net Taxable 1,979,269,396

APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)13,637,166.14 = 1,979,269,396 * (0.689000 / 100)

Tax Increment LossTif Zone Code

TIRZ1 71,158,493

Tax Increment Finance Value: 71,158,493Tax Increment Finance Levy: 490,282.02

Page 30 of 204CGR/395105 True Automation, Inc.


Exemption Breakdown



AB 4 17,669,782 0 17,669,782DP 186 1,744,522 0 1,744,522DV1 21 0 140,000 140,000DV1S 1 0 5,000 5,000DV2 18 0 139,500 139,500DV3 24 0 246,000 246,000DV4 121 0 1,093,520 1,093,520DV4S 18 0 192,000 192,000DVHS 49 0 7,578,878 7,578,878DVHSS 6 0 1,010,639 1,010,639EX-XG 3 0 981,890 981,890EX-XI (Prorated) 1 0 74,521 74,521EX-XJ 2 0 3,328,620 3,328,620EX-XL 1 0 128,160 128,160EX-XN 13 0 2,857,420 2,857,420EX-XU 7 0 1,247,460 1,247,460EX-XV 918 0 796,178,176 796,178,176EX-XV (Prorated) 36 0 269,570 269,570EX366 19 0 4,570 4,570FR 11 60,578,179 0 60,578,179LVE 3 1,932,310 0 1,932,310OV65 1,702 16,326,592 0 16,326,592OV65S 10 80,000 0 80,000PC 7 2,697,530 0 2,697,530SO 1 14,324 0 14,324

Totals 101,043,239 815,475,924 916,519,163






A SINGLE FAMILY RESIDENCE 7,684 $23,713,456 $778,363,967B MULTIFAMILY RESIDENCE 158 $2,062,440 $122,790,569C1 VACANT LOTS AND LAND TRACTS 2,179 $0 $41,602,871D1 QUALIFIED AG LAND 352 $0 $50,272,3017,785.6591D2 NON-QUALIFIED LAND 37 $0 $368,902E FARM OR RANCH IMPROVEMENT 371 $5,950 $34,973,8851,467.1900F1 COMMERCIAL REAL PROPERTY 834 $20,294,240 $424,840,958F2 INDUSTRIAL REAL PROPERTY 39 $67,420 $100,968,130J2 GAS DISTRIBUTION SYSTEM 5 $0 $9,863,320J3 ELECTRIC COMPANY (INCLUDING CO-OP 3 $0 $1,947,340J4 TELEPHONE COMPANY (INCLUDING CO- 41 $0 $6,504,470J5 RAILROAD 45 $0 $2,544,920J6 PIPELAND COMPANY 13 $0 $8,271,830J7 CABLE TELEVISION COMPANY 5 $0 $4,379,700L1 COMMERCIAL PERSONAL PROPERTY 1,092 $977,900 $170,267,395L2 INDUSTRIAL PERSONAL PROPERTY 21 $0 $382,645,372M1 TANGIBLE OTHER PERSONAL, MOBILE H 61 $138,920 $818,100O RESIDENTIAL INVENTORY 149 $0 $549,800S SPECIAL INVENTORY TAX 25 $0 $19,474,860X TOTALLY EXEMPT PROPERTY 1,003 $2,270,814 $807,002,697

Totals 9,252.8491 $49,531,140 $2,968,451,387




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $104,610EX-XV Other Exemptions (including public property, r 9 2017 Market Value $75,730EX366 HB366 Exempt 4 2017 Market Value $1,730


Exemption Description Count Exemption Amount$70,0007DisabilityDP$39,0005Disabled Veterans 10% - 29%DV1$30,0004Disabled Veterans 30% - 49%DV2$42,0004Disabled Veterans 50% - 69%DV3

$108,00010Disabled Veterans 70% - 100%DV4$24,0002Disabled Veterans Surviving Spouse 70% - 100DV4S$24,8791Disabled Veteran HomesteadDVHS

$206,1101Disabled Veteran Homestead Surviving SpouseDVHSS$438,71449Over 65OV65

83PARTIAL EXEMPTIONS VALUE LOSS $982,703NEW EXEMPTIONS VALUE LOSS $1,164,773






2017 Market Value Count: 6$826,1452018 Ag/Timber Use $34,390


New Annexations

New Deannexations


Category A and E


4,312 $114,811$5,371$120,182Category A Only


4,169 $115,413$5,407$120,820


HUNT County As of Certification2018 CERTIFIED TOTALSCHC - HAWK COVE, CITY


Land ValueHomesite: 1,442,030Non Homesite: 2,761,440Ag Market: 0Timber Market: 4,203,470Total Land (+)0

Improvement Value

Homesite: 5,057,950Non Homesite: 835,771 Total Improvements (+) 5,893,721

Non Real ValueCount

Personal Property: 14 937,720Mineral Property: 0 0Autos: 0 0 Total Non Real (+) 937,720


0 0Total Productivity Market:Ag Use: 0 0 0(-)Productivity LossTimber Use: 0 0 =Appraised Value 11,034,911Productivity Loss: 00




793,879


APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)136,513.13 = 9,615,192 * (1.419765 / 100)


Page 36 of 204CHC/395106 True Automation, Inc.


Exemption Breakdown



DP 35 0 0 0DV3 2 0 14,690 14,690DV4 4 0 31,194 31,194DVHS 2 0 65,362 65,362EX-XN 1 0 33,500 33,500EX-XR 2 0 351,160 351,160EX-XV 52 0 277,330 277,330EX-XV (Prorated) 29 0 20,243 20,243EX366 1 0 400 400

Totals 0 793,879 793,879






A SINGLE FAMILY RESIDENCE 325 $177,720 $7,267,080C1 VACANT LOTS AND LAND TRACTS 650 $0 $2,088,117E FARM OR RANCH IMPROVEMENT 1 $0 $76,8302.4494F1 COMMERCIAL REAL PROPERTY 1 $0 $280,000J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $458,430L1 COMMERCIAL PERSONAL PROPERTY 10 $0 $97,790M1 TANGIBLE OTHER PERSONAL, MOBILE H 2 $108,360 $84,031X TOTALLY EXEMPT PROPERTY 85 $7,950 $682,633

Totals 2.4494 $294,030 $11,034,911




New Value


New Exemptions

Exemption Description CountEX-XV Other Exemptions (including public property, r 10 2017 Market Value $27,430


Exemption Description Count Exemption Amount

PARTIAL EXEMPTIONS VALUE LOSSNEW EXEMPTIONS VALUE LOSS $27,430






New Annexations

New Deannexations


Category A and E


116 $26,249$5,395$31,644Category A Only


116 $26,249$5,395$31,644



HUNT County As of Certification2018 CERTIFIED TOTALSCJO - JOSEPHINE, CITY


Land ValueHomesite: 223,120Non Homesite: 86,820Ag Market: 12,790Timber Market: 322,730Total Land (+)0

Improvement Value


Non Real ValueCount



12,790 0Total Productivity Market:Ag Use: 180 0 12,610(-)Productivity LossTimber Use: 0 0 =Appraised Value 2,420,640Productivity Loss: 012,610




433,630



407,441 204,243 96.14 96.14 2OV65Total 407,441 204,243 96.14 Freeze Taxable (-)96.14 2 204,243Tax Rate 0.540000


APPROXIMATE LEVY = (FREEZE ADJUSTED TAXABLE * (TAX RATE / 100)) + ACTUAL TAX9,503.77 = 1,742,154 * (0.540000 / 100) + 96.14


Page 41 of 204CJO/508788 True Automation, Inc.


Exemption Breakdown



DV1 1 0 12,000 12,000DV4 2 0 12,000 12,000DVHS 2 0 368,540 368,540EX-XN 1 0 19,700 19,700EX366 5 0 1,390 1,390OV65 4 20,000 0 20,000

Totals 20,000 413,630 433,630






A SINGLE FAMILY RESIDENCE 10 $0 $1,842,670C1 VACANT LOTS AND LAND TRACTS 1 $0 $17,220D1 QUALIFIED AG LAND 2 $0 $12,7901.6100E FARM OR RANCH IMPROVEMENT 6 $16,860 $538,90012.6060L1 COMMERCIAL PERSONAL PROPERTY 1 $0 $580X TOTALLY EXEMPT PROPERTY 6 $0 $21,090

Totals 14.2160 $16,860 $2,433,250




New Value

TOTAL NEW VALUE MARKET: $16,860TOTAL NEW VALUE TAXABLE: $0

New Exemptions




PARTIAL EXEMPTIONS VALUE LOSSNEW EXEMPTIONS VALUE LOSS $760




TOTAL EXEMPTIONS VALUE LOSS $760


New Annexations

New Deannexations


Category A and E


11 $169,470$3,692$173,162Category A Only


8 $176,835$2,673$179,508



HUNT County As of Certification2018 CERTIFIED TOTALSCLO - LONE OAK, CITY


Land ValueHomesite: 2,275,590Non Homesite: 3,118,780Ag Market: 949,510Timber Market: 6,343,880Total Land (+)0

Improvement Value


Non Real ValueCount



949,510 0Total Productivity Market:Ag Use: 17,160 0 932,350(-)Productivity LossTimber Use: 0 0 =Appraised Value 47,427,208Productivity Loss: 0932,350




22,850,816




Page 46 of 204CLO/395108 True Automation, Inc.


Exemption Breakdown



DP 11 0 0 0DV3 2 0 20,000 20,000DV4 5 0 48,000 48,000DVHS 1 0 50,896 50,896EX-XG 2 0 56,940 56,940EX-XN 1 0 13,000 13,000EX-XV 48 0 22,176,170 22,176,170EX366 10 0 1,600 1,600OV65 52 484,210 0 484,210

Totals 484,210 22,366,606 22,850,816






A SINGLE FAMILY RESIDENCE 253 $312,800 $14,801,320B MULTIFAMILY RESIDENCE 2 $0 $275,650C1 VACANT LOTS AND LAND TRACTS 77 $0 $756,300D1 QUALIFIED AG LAND 23 $0 $949,510176.3052D2 NON-QUALIFIED LAND 5 $0 $117,924E FARM OR RANCH IMPROVEMENT 32 $18,620 $1,983,15679.4000F1 COMMERCIAL REAL PROPERTY 39 $285,740 $3,722,690J2 GAS DISTRIBUTION SYSTEM 1 $0 $201,340J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $573,700J4 TELEPHONE COMPANY (INCLUDING CO- 7 $0 $752,440J6 PIPELAND COMPANY 1 $0 $152,340L1 COMMERCIAL PERSONAL PROPERTY 42 $0 $1,176,398L2 INDUSTRIAL PERSONAL PROPERTY 1 $0 $19,100M1 TANGIBLE OTHER PERSONAL, MOBILE H 14 $37,170 $332,050O RESIDENTIAL INVENTORY 23 $0 $297,930S SPECIAL INVENTORY TAX 1 $0 $0X TOTALLY EXEMPT PROPERTY 61 $0 $22,247,710

Totals 255.7052 $654,330 $48,359,558




New Value


New Exemptions

Exemption Description CountEX-XV Other Exemptions (including public property, r 1 2017 Market Value $23,490EX366 HB366 Exempt 2 2017 Market Value $860



$12,0001Disabled Veterans 70% - 100%DV42PARTIAL EXEMPTIONS VALUE LOSS $12,000







New Annexations

New Deannexations


Category A and E


133 $74,790$3,487$78,277Category A Only


120 $73,406$3,582$76,988



HUNT County As of Certification2018 CERTIFIED TOTALSCQL - QUINLAN, CITY



Improvement Value


Non Real ValueCount







39,341,831




Page 51 of 204CQL/395109 True Automation, Inc.


Exemption Breakdown



DP 17 0 0 0DV1 1 0 5,000 5,000DV2 1 0 7,500 7,500DV3 1 0 12,000 12,000DV4 7 0 47,573 47,573DV4S 3 0 0 0DVHS 4 0 534,325 534,325DVHSS 3 0 212,748 212,748EX-XG 1 0 288,710 288,710EX-XN 5 0 274,450 274,450EX-XR 1 0 57,000 57,000EX-XV 69 0 37,360,580 37,360,580EX366 16 0 3,828 3,828OV65 121 538,117 0 538,117

Totals 538,117 38,803,714 39,341,831






A SINGLE FAMILY RESIDENCE 471 $1,101,610 $32,996,346B MULTIFAMILY RESIDENCE 11 $0 $2,420,584C1 VACANT LOTS AND LAND TRACTS 130 $0 $3,177,960D1 QUALIFIED AG LAND 39 $0 $1,332,970121.3970D2 NON-QUALIFIED LAND 1 $0 $6,710E FARM OR RANCH IMPROVEMENT 67 $14,650 $4,181,14087.1318F1 COMMERCIAL REAL PROPERTY 122 $512,370 $38,915,720J2 GAS DISTRIBUTION SYSTEM 1 $0 $345,800J3 ELECTRIC COMPANY (INCLUDING CO-OP 3 $0 $758,630J4 TELEPHONE COMPANY (INCLUDING CO- 7 $0 $965,830J6 PIPELAND COMPANY 4 $0 $3,180,130J7 CABLE TELEVISION COMPANY 2 $0 $12,820L1 COMMERCIAL PERSONAL PROPERTY 192 $0 $14,605,518M1 TANGIBLE OTHER PERSONAL, MOBILE H 11 $0 $133,860O RESIDENTIAL INVENTORY 52 $0 $320,980S SPECIAL INVENTORY TAX 4 $0 $76,810X TOTALLY EXEMPT PROPERTY 92 $0 $37,984,568

Totals 208.5288 $1,628,630 $141,416,376




New Value


New Exemptions




$12,0001Disabled Veterans 70% - 100%DV4$2,6782Over 65OV65







New Annexations

New Deannexations


Category A and E


270 $83,374$4,523$87,897Category A Only


245 $84,331$4,582$88,913



HUNT County As of Certification2018 CERTIFIED TOTALSCRC - ROYSE CITY, CITY



Improvement Value


Non Real ValueCount







46,141,288



2,164,391 1,838,685 9,843.33 11,038.19 17OV65Total 2,164,391 1,838,685 11,038.19 Freeze Taxable (-)9,843.33 17 1,838,685Tax Rate 0.621500




Page 56 of 204CRC/395110 True Automation, Inc.


Exemption Breakdown



DP 1 5,000 0 5,000DV3 4 0 37,000 37,000DV4 6 0 48,000 48,000DVHS 4 0 646,572 646,572EX-XN 1 0 29,640 29,640EX-XR 2 0 1,251,630 1,251,630EX-XV 8 0 43,801,900 43,801,900EX366 6 0 970 970FRSS 1 0 179,576 179,576OV65 28 141,000 0 141,000

Totals 146,000 45,995,288 46,141,288






A SINGLE FAMILY RESIDENCE 253 $8,818,100 $37,670,870C1 VACANT LOTS AND LAND TRACTS 55 $0 $2,931,860D1 QUALIFIED AG LAND 106 $0 $23,711,2901,709.2050D2 NON-QUALIFIED LAND 16 $0 $111,164E FARM OR RANCH IMPROVEMENT 104 $11,280 $17,697,078548.7403F1 COMMERCIAL REAL PROPERTY 19 $200,050 $8,819,300J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $96,330J5 RAILROAD 1 $0 $10J6 PIPELAND COMPANY 2 $0 $296,140L1 COMMERCIAL PERSONAL PROPERTY 44 $0 $1,427,570M1 TANGIBLE OTHER PERSONAL, MOBILE H 26 $9,830 $413,070O RESIDENTIAL INVENTORY 372 $1,121,000 $14,379,163S SPECIAL INVENTORY TAX 7 $0 $557,800X TOTALLY EXEMPT PROPERTY 17 $0 $45,084,140

Totals 2,257.9453 $10,160,260 $153,195,785




New Value


New Exemptions

Exemption Description Count

ABSOLUTE EXEMPTIONS VALUE LOSS

Exemption Description Count Exemption Amount$10,0001Disabled Veterans 50% - 69%DV3$36,0003Disabled Veterans 70% - 100%DV4$6,0001Over 65OV65







New Annexations


76 $12,345,492 $9,470,257

New Deannexations


Category A and E


171 $162,956$6,892$169,848Category A Only


125 $177,366$6,096$183,462


HUNT County As of Certification2018 CERTIFIED TOTALSCUV - UNION VALLEY, CITY



Improvement Value


Non Real ValueCount







3,462,964


APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)0.00 = 32,533,016 * (0.000000 / 100)


Page 62 of 204CUV/508803 True Automation, Inc.


Exemption Breakdown



DP 3 99,960 0 99,960DV1 1 0 12,000 12,000DV2 1 0 7,500 7,500DV3 1 0 10,000 10,000DV4 1 0 12,000 12,000EX-XN 1 0 37,940 37,940EX-XR 1 0 1,970 1,970EX-XV 4 0 1,174,170 1,174,170EX366 5 0 1,010 1,010OV65 49 2,106,414 0 2,106,414

Totals 2,206,374 1,256,590 3,462,964






A SINGLE FAMILY RESIDENCE 63 $444,000 $16,457,260C1 VACANT LOTS AND LAND TRACTS 7 $0 $203,470D1 QUALIFIED AG LAND 46 $0 $4,202,140550.1048D2 NON-QUALIFIED LAND 19 $0 $784,843E FARM OR RANCH IMPROVEMENT 104 $60,350 $15,470,877346.8985F1 COMMERCIAL REAL PROPERTY 7 $0 $1,708,272J4 TELEPHONE COMPANY (INCLUDING CO- 2 $0 $95,540L1 COMMERCIAL PERSONAL PROPERTY 16 $0 $574,990M1 TANGIBLE OTHER PERSONAL, MOBILE H 1 $0 $54,370O RESIDENTIAL INVENTORY 1 $0 $6,830S SPECIAL INVENTORY TAX 1 $0 $940X TOTALLY EXEMPT PROPERTY 11 $0 $1,215,090

Totals 897.0033 $504,350 $40,774,622




New Value


New Exemptions



Exemption Description Count Exemption Amount$100,0002Over 65OV65







New Annexations

New Deannexations


Category A and E


110 $228,579$5,658$234,237Category A Only


56 $261,468$4,628$266,096



HUNT County As of Certification2018 CERTIFIED TOTALSCWC - WOLFE CITY, CITY



Improvement Value


Non Real ValueCount



583,480 0Total Productivity Market:Ag Use: 9,140 0 574,340(-)Productivity LossTimber Use: 0 0 =Appraised Value 54,224,151Productivity Loss: 0574,340




11,125,183




Page 67 of 204CWC/395111 True Automation, Inc.


Exemption Breakdown



DP 13 0 0 0DV3 1 0 10,000 10,000DV4 6 0 60,000 60,000DV4S 1 0 12,000 12,000DVHS 3 0 229,452 229,452EX-XG 1 0 43,160 43,160EX-XN 6 0 218,860 218,860EX-XV 54 0 8,111,830 8,111,830EX-XV (Prorated) 3 0 25,001 25,001EX366 8 0 1,580 1,580HS 271 1,283,602 0 1,283,602LVE 1 31,820 0 31,820OV65 117 1,087,878 0 1,087,878OV65S 1 10,000 0 10,000

Totals 2,413,300 8,711,883 11,125,183






A SINGLE FAMILY RESIDENCE 573 $10,550 $28,656,970B MULTIFAMILY RESIDENCE 16 $0 $2,599,664C1 VACANT LOTS AND LAND TRACTS 138 $0 $826,300D1 QUALIFIED AG LAND 19 $0 $583,480135.9454D2 NON-QUALIFIED LAND 3 $0 $18,600E FARM OR RANCH IMPROVEMENT 23 $0 $1,139,80752.4038F1 COMMERCIAL REAL PROPERTY 53 $0 $4,756,269F2 INDUSTRIAL REAL PROPERTY 5 $0 $927,170J2 GAS DISTRIBUTION SYSTEM 1 $0 $642,390J3 ELECTRIC COMPANY (INCLUDING CO-OP 3 $0 $988,900J4 TELEPHONE COMPANY (INCLUDING CO- 2 $0 $262,330J6 PIPELAND COMPANY 1 $0 $119,440J7 CABLE TELEVISION COMPANY 2 $0 $23,550L1 COMMERCIAL PERSONAL PROPERTY 52 $0 $1,196,900L2 INDUSTRIAL PERSONAL PROPERTY 4 $0 $3,397,210M1 TANGIBLE OTHER PERSONAL, MOBILE H 14 $0 $227,260S SPECIAL INVENTORY TAX 2 $0 $0X TOTALLY EXEMPT PROPERTY 73 $0 $8,432,251

Totals 188.3492 $10,550 $54,798,491




New Value


New Exemptions



Exemption Description Count Exemption Amount$10,0001Disabled Veterans 50% - 69%DV3$28,1021Disabled Veteran HomesteadDVHS$20,9466HomesteadHS$17,5943Over 65OV65







New Annexations

New Deannexations


Category A and E


269 $60,691$5,288$65,979Category A Only


264 $60,384$5,293$65,677


HUNT County As of Certification2018 CERTIFIED TOTALSCWT - WEST TAWAKONI CITY



Improvement Value


Non Real ValueCount







6,204,263




Page 73 of 204CWT/395112 True Automation, Inc.


Exemption Breakdown



DP 54 0 0 0DV2 3 0 19,500 19,500DV3 3 0 25,000 25,000DV4 13 0 125,200 125,200DV4S 2 0 15,550 15,550DVHS 8 0 437,063 437,063DVHSS 2 0 58,762 58,762EX-XI 2 0 315,420 315,420EX-XL (Prorated) 1 0 18,552 18,552EX-XN 2 0 47,790 47,790EX-XU 4 0 855,760 855,760EX-XV 41 0 4,225,530 4,225,530EX-XV (Prorated) 2 0 10,426 10,426EX366 8 0 2,130 2,130LVE 1 47,580 0 47,580

Totals 47,580 6,156,683 6,204,263






A SINGLE FAMILY RESIDENCE 788 $597,000 $49,024,146B MULTIFAMILY RESIDENCE 1 $0 $284,860C1 VACANT LOTS AND LAND TRACTS 431 $0 $3,931,330D1 QUALIFIED AG LAND 31 $0 $2,135,340372.9922D2 NON-QUALIFIED LAND 9 $0 $59,090E FARM OR RANCH IMPROVEMENT 138 $139,080 $6,880,808302.2412F1 COMMERCIAL REAL PROPERTY 72 $351,710 $8,911,754J4 TELEPHONE COMPANY (INCLUDING CO- 2 $0 $115,630L1 COMMERCIAL PERSONAL PROPERTY 54 $0 $1,773,887M1 TANGIBLE OTHER PERSONAL, MOBILE H 117 $260,130 $2,025,350O RESIDENTIAL INVENTORY 132 $0 $1,212,830S SPECIAL INVENTORY TAX 3 $0 $275,780X TOTALLY EXEMPT PROPERTY 61 $0 $5,523,188

Totals 675.2334 $1,347,920 $82,153,993




New Value


New Exemptions



Exemption Description Count Exemption Amount$11,4712Disabled Veterans 30% - 49%DV2







New Annexations

New Deannexations


Category A and E


418 $68,244$4,763$73,007Category A Only


376 $69,814$4,548$74,362



HUNT County As of Certification2018 CERTIFIED TOTALSGHT - HUNT COUNTY



Improvement Value


Non Real ValueCount







2,339,828,223

=Net Taxable 6,066,806,986



TIRZ1 70,865,431


Page 78 of 204GHT/395128 True Automation, Inc.


Exemption Breakdown



AB 9 30,187,217 0 30,187,217CHODO (Partial) 1 1,267,740 0 1,267,740DP 1,055 0 0 0DV1 119 0 766,759 766,759DV1S 3 0 15,000 15,000DV2 95 0 717,544 717,544DV3 116 0 1,160,690 1,160,690DV4 574 0 5,015,459 5,015,459DV4S 84 0 664,664 664,664DVHS 319 0 45,813,609 45,813,609DVHSS 52 0 5,205,233 5,205,233EX-XG 11 0 1,770,280 1,770,280EX-XI 4 0 452,730 452,730EX-XI (Prorated) 1 0 74,521 74,521EX-XJ 7 0 3,849,730 3,849,730EX-XL 2 0 209,920 209,920EX-XL (Prorated) 1 0 18,552 18,552EX-XN 29 0 9,056,210 9,056,210EX-XR 123 0 32,959,147 32,959,147EX-XR (Prorated) 1 0 1,580 1,580EX-XU 15 0 2,225,630 2,225,630EX-XU (Prorated) 1 0 5,639 5,639EX-XV 2,477 0 2,049,586,052 2,049,586,052EX-XV (Prorated) 116 0 980,846 980,846EX366 34 0 10,430 10,430FR 20 0 0 0FRSS 2 0 305,477 305,477LVE 6 4,218,175 0 4,218,175OV65 7,847 136,279,488 0 136,279,488OV65S 44 660,000 0 660,000PC 48 6,239,167 0 6,239,167SO 5 110,734 0 110,734

Totals 178,962,521 2,160,865,702 2,339,828,223







Totals 469,218.0192 $199,674,640 $9,974,728,604




New Value


New Exemptions




$81,00012Disabled Veterans 10% - 29%DV1$86,47112Disabled Veterans 30% - 49%DV2



$4,443,214279Over 65OV65$01OV65 Surviving SpouseOV65S









New Annexations

New Deannexations




Category A and E


20,184 $126,887$5,876$132,763Category A Only


11,754 $125,458$5,468$130,926



HUNT County As of Certification2018 CERTIFIED TOTALSHHO - HUNT MEMORIAL HD



Improvement Value


Non Real ValueCount







2,395,115,057

=Net Taxable 6,011,516,992



TIRZ1 70,883,961


Page 84 of 204HHO/395131 True Automation, Inc.


Exemption Breakdown



AB 9 0 0 0CHODO (Partial) 1 1,267,740 0 1,267,740DP 1,055 0 0 0DV1 119 0 766,759 766,759DV1S 3 0 15,000 15,000DV2 95 0 717,544 717,544DV3 116 0 1,160,690 1,160,690DV4 574 0 5,015,459 5,015,459DV4S 84 0 664,664 664,664DVHS 319 0 45,813,609 45,813,609DVHSS 52 0 5,205,233 5,205,233EX-XG 11 0 1,770,280 1,770,280EX-XI 4 0 452,730 452,730EX-XI (Prorated) 1 0 74,521 74,521EX-XJ 7 0 3,849,730 3,849,730EX-XL 2 0 209,920 209,920EX-XL (Prorated) 1 0 18,552 18,552EX-XN 29 0 9,056,210 9,056,210EX-XR 123 0 32,959,147 32,959,147EX-XR (Prorated) 1 0 1,580 1,580EX-XU 15 0 2,225,630 2,225,630EX-XU (Prorated) 1 0 5,639 5,639EX-XV 2,477 0 2,049,586,052 2,049,586,052EX-XV (Prorated) 116 0 980,846 980,846EX366 34 0 10,430 10,430FR 20 85,474,051 0 85,474,051FRSS 2 0 305,477 305,477LVE 6 4,218,175 0 4,218,175OV65 7,847 136,279,488 0 136,279,488OV65S 44 660,000 0 660,000PC 48 6,239,167 0 6,239,167SO 5 110,734 0 110,734

Totals 234,249,355 2,160,865,702 2,395,115,057







Totals 469,218.0192 $199,744,800 $9,974,725,444




New Value


New Exemptions







$4,443,214279Over 65OV65$01OV65 Surviving SpouseOV65S









New Annexations

New Deannexations




Category A and E


20,183 $126,890$5,876$132,766Category A Only


11,753 $125,462$5,468$130,930



HUNT County As of Certification2018 CERTIFIED TOTALSJTV - TRINITY VALLEY COMMUNITY COLLEGE



Improvement Value


Non Real ValueCount







4,035,394



949,459 898,672 562.79 582.55 8DP22,226,801 20,013,151 15,665.67 15,799.94 139OV65





Page 90 of 204JTV/511351 True Automation, Inc.


Exemption Breakdown



DP 10 0 0 0DV1 4 0 27,000 27,000DV2 1 0 12,000 12,000DV3 1 0 10,000 10,000DV4 3 0 36,000 36,000DV4S 1 0 0 0DVHS 3 0 551,756 551,756DVHSS 1 0 263,285 263,285EX-XN 1 0 16,300 16,300EX-XR 1 0 20,000 20,000EX-XV 4 0 983,930 983,930EX366 3 0 900 900OV65 155 2,114,223 0 2,114,223

Totals 2,114,223 1,921,171 4,035,394






A SINGLE FAMILY RESIDENCE 222 $90,070 $39,445,460B MULTIFAMILY RESIDENCE 2 $0 $230,320C1 VACANT LOTS AND LAND TRACTS 31 $0 $1,053,780D1 QUALIFIED AG LAND 295 $0 $34,485,8156,369.0685D2 NON-QUALIFIED LAND 115 $127,790 $2,755,163E FARM OR RANCH IMPROVEMENT 336 $804,170 $59,384,4342,437.6600F1 COMMERCIAL REAL PROPERTY 2 $0 $814,380J1 WATER SYSTEMS 1 $0 $35,000J3 ELECTRIC COMPANY (INCLUDING CO-OP 2 $0 $1,139,390J4 TELEPHONE COMPANY (INCLUDING CO- 1 $0 $132,050J6 PIPELAND COMPANY 2 $0 $272,640L1 COMMERCIAL PERSONAL PROPERTY 14 $0 $234,860M1 TANGIBLE OTHER PERSONAL, MOBILE H 14 $0 $426,790X TOTALLY EXEMPT PROPERTY 9 $0 $1,021,130

Totals 8,806.7285 $1,022,030 $141,431,212




New Value


New Exemptions



Exemption Description Count Exemption Amount$261,2561Disabled Veteran HomesteadDVHS$65,2177Over 65OV65









New Annexations

New Deannexations


Category A and E


344 $180,794$7,726$188,520Category A Only


146 $182,480$9,813$192,293


HUNT County As of Certification2018 CERTIFIED TOTALSMDR - DOUBLE R MUNICIPAL UTILITY DISTRICT #1


Land ValueHomesite: 0Non Homesite: 212,500Ag Market: 973,010Timber Market: 1,185,510Total Land (+)0

Improvement Value

Homesite: 0Non Homesite: 0 Total Improvements (+) 0

Non Real ValueCount

Personal Property: 0 0Mineral Property: 0 0Autos: 0 0 Total Non Real (+) 0


973,010 0Total Productivity Market:Ag Use: 15,350 0 957,660(-)Productivity LossTimber Use: 0 0 =Appraised Value 227,850Productivity Loss: 0957,660

0(-)Homestead Cap

=Assessed Value 227,850


0

=Net Taxable 227,850

APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE / 100)0.00 = 227,850 * (0.000000 / 100)


Page 96 of 204MDR/542579 True Automation, Inc.


Exemption Breakdown



0 0 0 0

Totals 0 0 0






D1 QUALIFIED AG LAND 2 $0 $973,01084.4160E FARM OR RANCH IMPROVEMENT 1 $0 $212,5005.0000

Totals 89.4160 $0 $1,185,510




New Value

TOTAL NEW VALUE MARKET: $0TOTAL NEW VALUE TAXABLE: $0

New Exemptions










New Annexations


3 $1,185,510 $227,850

New Deannexations





HUNT County As of Certification2018 CERTIFIED TOTALSMV1 - VERANDAH MUNICIPAL UTILITY DISTRICT



Improvement Value


Non Real ValueCount



5,290 0Total Productivity Market:Ag Use: 40 0 5,250(-)Productivity LossTimber Use: 0 0 =Appraised Value 117,444,108Productivity Loss: 05,250




3,332,650




Page 101 of 204MV1/504041 True Automation, Inc.


Exemption Breakdown



DP 11 0 0 0DV1 3 0 22,000 22,000DV2 4 0 30,000 30,000DV3 5 0 50,000 50,000DV4 9 0 96,000 96,000DV4S 1 0 0 0DVHS 4 0 869,400 869,400DVHSS 1 0 206,250 206,250EX-XN 3 0 113,630 113,630EX-XV 1 0 1,922,630 1,922,630EX366 1 0 460 460LVE 1 22,280 0 22,280

Totals 22,280 3,310,370 3,332,650






A SINGLE FAMILY RESIDENCE 535 $8,074,670 $104,470,349C1 VACANT LOTS AND LAND TRACTS 36 $0 $715,970D1 QUALIFIED AG LAND 1 $0 $5,2900.3780D2 NON-QUALIFIED LAND 1 $0 $29,600E FARM OR RANCH IMPROVEMENT 24 $0 $9,265,960713.4893F1 COMMERCIAL REAL PROPERTY 1 $0 $2,000L1 COMMERCIAL PERSONAL PROPERTY 10 $0 $168,080O RESIDENTIAL INVENTORY 12 $430,370 $733,109X TOTALLY EXEMPT PROPERTY 6 $0 $2,059,000

Totals 713.8673 $8,505,040 $117,449,358




New Value


New Exemptions



Exemption Description Count Exemption Amount$15,0002Disabled Veterans 30% - 49%DV2$20,0002Disabled Veterans 50% - 69%DV3$12,0001Disabled Veterans 70% - 100%DV4

$176,9301Disabled Veteran HomesteadDVHS6PARTIAL EXEMPTIONS VALUE LOSS $223,930







New Annexations

New DeannexationsTaxable ValueMarket ValueCount

1 $13,000 $350


Category A and E


339 $201,593$904$202,497Category A Only


339 $201,593$904$202,497


HUNT County As of Certification2018 CERTIFIED TOTALSSBH - BOLES ISD



Improvement Value


Non Real ValueCount







24,357,787



1,051,994 692,063 8,850.88 9,258.65 13DP3,297,407 1,985,294 18,825.84 20,431.59 42OV65





Page 107 of 204SBH/395132 True Automation, Inc.


Exemption Breakdown



DP 13 0 82,211 82,211DV1 1 0 5,000 5,000DV3 1 0 12,000 12,000DV4 8 0 51,772 51,772DVHS 4 0 414,014 414,014DVHSS 1 0 127,855 127,855EX-XV 37 0 19,994,160 19,994,160EX366 2 0 190 190HS 152 0 3,329,827 3,329,827OV65 46 0 330,758 330,758OV65S 1 0 10,000 10,000

Totals 0 24,357,787 24,357,787






A SINGLE FAMILY RESIDENCE 154 $0 $11,207,070C1 VACANT LOTS AND LAND TRACTS 35 $0 $569,510D1 QUALIFIED AG LAND 114 $0 $10,401,9502,953.6418D2 NON-QUALIFIED LAND 30 $21,730 $510,688E FARM OR RANCH IMPROVEMENT 118 $347,280 $11,112,122396.2465F1 COMMERCIAL REAL PROPERTY 1 $0 $6,530J3 ELECTRIC COMPANY (INCLUDING CO-OP 2 $0 $526,900J4 TELEPHONE COMPANY (INCLUDING CO- 1 $0 $44,980J5 RAILROAD 1 $0 $7,860J6 PIPELAND COMPANY 1 $0 $2,180J7 CABLE TELEVISION COMPANY 2 $0 $33,800L1 COMMERCIAL PERSONAL PROPERTY 11 $0 $49,380M1 TANGIBLE OTHER PERSONAL, MOBILE H 19 $0 $439,590S SPECIAL INVENTORY TAX 1 $0 $0X TOTALLY EXEMPT PROPERTY 39 $0 $19,994,350

Totals 3,349.8883 $369,010 $54,906,910




New Value


New Exemptions



Exemption Description Count Exemption Amount$198,6801Disabled Veteran HomesteadDVHS$127,8551Disabled Veteran Homestead Surviving SpouseDVHSS$94,6605HomesteadHS$40,0004Over 65OV65







2017 Market Value Count: 1$36,7742018 Ag/Timber Use $270


New Annexations

New Deannexations


Category A and E


147 $68,765$31,861$100,626Category A Only


85 $66,165$30,619$96,784


HUNT County As of Certification2018 CERTIFIED TOTALSSBL - BLAND ISD



Improvement Value


Non Real ValueCount



102,966,046 145,060Total Productivity Market:Ag Use: 2,781,171 2,040 100,184,875(-)Productivity LossTimber Use: 0 0 =Appraised Value 261,950,344Productivity Loss: 143,020100,184,875




55,263,142



2,914,680 1,817,782 15,640.40 16,337.64 32DP25,615,005 17,551,656 140,396.94 141,412.68 261OV65


Transfer Assessed Taxable Post % Taxable Adjustment CountOV65 194,840 159,840 87,305 72,535 2Total 194,840 159,840 87,305 Transfer Adjustment (-)72,535 72,5352


APPROXIMATE LEVY = (FREEZE ADJUSTED TAXABLE * (TAX RATE / 100)) + ACTUAL TAX2,705,070.24 = 178,616,278 * (1.427100 / 100) + 156,037.34


Page 113 of 204SBL/395133 True Automation, Inc.


Exemption Breakdown



AB 1 0 0 0DP 34 0 300,000 300,000DV1 3 0 29,000 29,000DV1S 1 0 5,000 5,000DV2 8 0 64,500 64,500DV3 3 0 30,000 30,000DV4 18 0 118,309 118,309DV4S 3 0 14,830 14,830DVHS 18 0 2,402,751 2,402,751DVHSS 1 0 194,190 194,190EX-XN 5 0 254,660 254,660EX-XR 7 0 1,280,300 1,280,300EX-XV 41 0 28,867,201 28,867,201EX-XV (Prorated) 2 0 299,696 299,696EX366 3 0 1,160 1,160HS 851 0 19,109,911 19,109,911LVE 1 24,050 0 24,050OV65 284 0 2,237,584 2,237,584OV65S 3 0 30,000 30,000

Totals 24,050 55,239,092 55,263,142






A SINGLE FAMILY RESIDENCE 502 $5,480,010 $57,660,659B MULTIFAMILY RESIDENCE 3 $0 $492,580C1 VACANT LOTS AND LAND TRACTS 154 $0 $3,298,310D1 QUALIFIED AG LAND 999 $0 $102,966,04626,671.7452D2 NON-QUALIFIED LAND 356 $272,910 $4,967,078E FARM OR RANCH IMPROVEMENT 1,191 $4,259,090 $126,292,7794,625.9661F1 COMMERCIAL REAL PROPERTY 31 $307,720 $6,468,490J3 ELECTRIC COMPANY (INCLUDING CO-OP 7 $0 $7,553,950J4 TELEPHONE COMPANY (INCLUDING CO- 9 $0 $1,264,620J5 RAILROAD 11 $0 $2,487,690J6 PIPELAND COMPANY 5 $0 $2,041,310J7 CABLE TELEVISION COMPANY 3 $0 $20,330L1 COMMERCIAL PERSONAL PROPERTY 54 $0 $12,916,630M1 TANGIBLE OTHER PERSONAL, MOBILE H 79 $318,530 $2,917,710O RESIDENTIAL INVENTORY 3 $0 $54,910S SPECIAL INVENTORY TAX 3 $0 $5,060X TOTALLY EXEMPT PROPERTY 59 $0 $30,727,067

Totals 31,297.7113 $10,638,260 $362,135,219




New Value


New Exemptions

Exemption Description CountEX-XV Other Exemptions (including public property, r 2 2017 Market Value $260,000EX366 HB366 Exempt 2 2017 Market Value $0


Exemption Description Count Exemption Amount$10,0001DisabilityDP$5,0001Disabled Veterans 10% - 29%DV1$7,5001Disabled Veterans 30% - 49%DV2

$01Disabled Veterans 70% - 100%DV4$346,5293Disabled Veteran HomesteadDVHS$194,1901Disabled Veteran Homestead Surviving SpouseDVHSS$752,10434HomesteadHS$117,16815Over 65OV65$10,0001OV65 Surviving SpouseOV65S









New Annexations

New Deannexations


Category A and E


825 $98,147$32,545$130,692Category A Only


230 $107,019$34,268$141,287


HUNT County As of Certification2018 CERTIFIED TOTALSSCA - CAMPBELL ISD



Improvement Value


Non Real ValueCount



75,272,678 0Total Productivity Market:Ag Use: 1,897,570 0 73,375,108(-)Productivity LossTimber Use: 0 0 =Appraised Value 142,751,492Productivity Loss: 073,375,108




35,271,039



1,379,226 746,807 5,676.74 5,964.83 23DP25,123,485 16,416,596 103,209.22 106,569.16 273OV65






Page 119 of 204SCA/395134 True Automation, Inc.


Exemption Breakdown



DP 24 0 164,000 164,000DV1 3 0 22,000 22,000DV2 2 0 14,044 14,044DV3 2 0 20,000 20,000DV4 23 0 212,594 212,594DV4S 3 0 5,580 5,580DVHS 13 0 700,594 700,594DVHSS 4 0 111,280 111,280EX-XN 4 0 118,960 118,960EX-XR 9 0 1,657,230 1,657,230EX-XV 67 0 15,241,440 15,241,440EX366 9 0 2,270 2,270HS 662 0 14,580,152 14,580,152LVE 1 34,080 0 34,080OV65 290 0 2,338,585 2,338,585PC 2 48,230 0 48,230

Totals 82,310 35,188,729 35,271,039






A SINGLE FAMILY RESIDENCE 125 $426,960 $6,063,520B MULTIFAMILY RESIDENCE 1 $0 $86,750C1 VACANT LOTS AND LAND TRACTS 85 $0 $830,270D1 QUALIFIED AG LAND 990 $0 $75,272,67823,995.0274D2 NON-QUALIFIED LAND 384 $129,630 $5,508,159E FARM OR RANCH IMPROVEMENT 1,160 $2,156,690 $95,046,2333,666.7861F1 COMMERCIAL REAL PROPERTY 27 $0 $2,338,870J2 GAS DISTRIBUTION SYSTEM 2 $0 $288,010J3 ELECTRIC COMPANY (INCLUDING CO-OP 3 $0 $1,487,970J4 TELEPHONE COMPANY (INCLUDING CO- 13 $0 $1,302,980J5 RAILROAD 18 $0 $3,107,330J6 PIPELAND COMPANY 18 $0 $4,314,950J7 CABLE TELEVISION COMPANY 6 $0 $153,140L1 COMMERCIAL PERSONAL PROPERTY 48 $0 $2,115,700M1 TANGIBLE OTHER PERSONAL, MOBILE H 56 $38,920 $1,094,530S SPECIAL INVENTORY TAX 2 $0 $61,530X TOTALLY EXEMPT PROPERTY 90 $0 $17,053,980

Totals 27,661.8135 $2,752,200 $216,126,600




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $52,940EX366 HB366 Exempt 2 2017 Market Value $2,730


Exemption Description Count Exemption Amount$13,8782Disabled Veterans 70% - 100%DV4$80,9541Disabled Veteran HomesteadDVHS

$356,75018HomesteadHS$80,0009Over 65OV65









New Annexations

New Deannexations


Category A and E


641 $76,221$23,719$99,940Category A Only


43 $47,521$24,179$71,700


HUNT County As of Certification2018 CERTIFIED TOTALSSCL - CELESTE ISD



Improvement Value


Non Real ValueCount







41,624,278



1,445,712 745,413 7,068.76 7,160.55 29DP25,062,860 16,464,911 149,536.51 150,991.87 250OV65






Page 125 of 204SCL/395135 True Automation, Inc.


Exemption Breakdown



DP 35 0 205,408 205,408DV1 6 0 44,000 44,000DV3 4 0 42,000 42,000DV4 23 0 199,965 199,965DV4S 7 0 25,320 25,320DVHS 14 0 977,883 977,883DVHSS 6 0 496,060 496,060EX-XG 1 0 42,550 42,550EX-XN 5 0 241,490 241,490EX-XR 6 0 1,799,592 1,799,592EX-XU 1 0 43,120 43,120EX-XV 125 0 19,634,030 19,634,030EX366 14 0 2,830 2,830FR 1 0 0 0HS 682 0 15,507,979 15,507,979LVE 1 69,690 0 69,690OV65 268 0 2,242,981 2,242,981OV65S 3 0 10,000 10,000PC 4 39,380 0 39,380

Totals 109,070 41,515,208 41,624,278






A SINGLE FAMILY RESIDENCE 373 $234,340 $26,446,036B MULTIFAMILY RESIDENCE 1 $0 $100,000C1 VACANT LOTS AND LAND TRACTS 95 $0 $813,680D1 QUALIFIED AG LAND 1,084 $0 $129,175,71040,240.8566D2 NON-QUALIFIED LAND 364 $54,920 $4,850,367E FARM OR RANCH IMPROVEMENT 872 $1,738,880 $85,830,4143,236.8352F1 COMMERCIAL REAL PROPERTY 40 $0 $3,276,020F2 INDUSTRIAL REAL PROPERTY 1 $0 $723,950J2 GAS DISTRIBUTION SYSTEM 1 $0 $494,090J3 ELECTRIC COMPANY (INCLUDING CO-OP 4 $0 $4,260,980J4 TELEPHONE COMPANY (INCLUDING CO- 10 $0 $1,033,610J5 RAILROAD 8 $0 $228,240J6 PIPELAND COMPANY 18 $0 $3,364,090J7 CABLE TELEVISION COMPANY 3 $0 $153,730L1 COMMERCIAL PERSONAL PROPERTY 53 $0 $2,596,450M1 TANGIBLE OTHER PERSONAL, MOBILE H 39 $362,220 $1,526,230S SPECIAL INVENTORY TAX 1 $0 $28,210X TOTALLY EXEMPT PROPERTY 153 $199,240 $21,833,302

Totals 43,477.6918 $2,589,600 $286,735,109




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $22,040EX-XV Other Exemptions (including public property, r 1 2017 Market Value $0EX366 HB366 Exempt 1 2017 Market Value $0


Exemption Description Count Exemption Amount$13,6922DisabilityDP










New Annexations

New Deannexations


Category A and E


667 $85,673$27,176$112,849Category A Only


188 $62,716$26,148$88,864


HUNT County As of Certification2018 CERTIFIED TOTALSSCM - CADDO MILLS ISD



Improvement Value


Non Real ValueCount







131,141,843



7,272,077 5,044,174 50,934.41 51,191.23 73DP66,620,855 46,280,586 415,483.57 420,278.28 537OV65


Transfer Assessed Taxable Post % Taxable Adjustment CountOV65 2,290,810 1,908,860 1,271,361 637,499 10Total 2,290,810 1,908,860 1,271,361 Transfer Adjustment (-)637,499 637,49910




Page 131 of 204SCM/395136 True Automation, Inc.


Exemption Breakdown



DP 76 0 630,453 630,453DV1 19 0 104,933 104,933DV2 13 0 99,000 99,000DV3 19 0 190,000 190,000DV4 50 0 479,321 479,321DV4S 4 0 42,647 42,647DVHS 31 0 6,033,883 6,033,883DVHSS 4 0 170,698 170,698EX-XG 1 0 166,700 166,700EX-XN 14 0 1,069,560 1,069,560EX-XR 8 0 2,809,132 2,809,132EX-XV 83 0 63,684,160 63,684,160EX366 10 0 2,330 2,330FRSS 1 0 100,901 100,901HS 1,974 0 46,152,169 46,152,169LVE 2 99,740 0 99,740OV65 592 2,419,144 5,171,472 7,590,616OV65S 3 15,000 30,000 45,000PC 6 1,670,600 0 1,670,600

Totals 4,204,484 126,937,359 131,141,843






A SINGLE FAMILY RESIDENCE 1,412 $20,903,190 $244,813,579B MULTIFAMILY RESIDENCE 8 $0 $1,924,739C1 VACANT LOTS AND LAND TRACTS 141 $0 $5,091,280D1 QUALIFIED AG LAND 1,247 $0 $155,910,58532,667.5519D2 NON-QUALIFIED LAND 355 $371,220 $5,634,870E FARM OR RANCH IMPROVEMENT 1,749 $8,559,490 $212,870,2055,282.3051F1 COMMERCIAL REAL PROPERTY 165 $2,332,790 $44,992,562F2 INDUSTRIAL REAL PROPERTY 11 $389,100 $3,331,270J2 GAS DISTRIBUTION SYSTEM 2 $0 $914,430J3 ELECTRIC COMPANY (INCLUDING CO-OP 5 $0 $4,393,230J4 TELEPHONE COMPANY (INCLUDING CO- 13 $0 $2,805,890J5 RAILROAD 23 $0 $138,100J6 PIPELAND COMPANY 16 $0 $9,831,320J7 CABLE TELEVISION COMPANY 5 $0 $142,820J8 OTHER TYPE OF UTILITY 1 $0 $2,390L1 COMMERCIAL PERSONAL PROPERTY 272 $0 $28,528,400L2 INDUSTRIAL PERSONAL PROPERTY 13 $0 $44,153,534M1 TANGIBLE OTHER PERSONAL, MOBILE H 83 $565,880 $3,660,290O RESIDENTIAL INVENTORY 517 $0 $1,775,340S SPECIAL INVENTORY TAX 18 $0 $1,734,920X TOTALLY EXEMPT PROPERTY 118 $0 $67,831,622

Totals 37,949.8570 $33,121,670 $840,481,376




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 2 2017 Market Value $171,190EX-XR 11.30 Nonprofit water or wastewater corporati 1 2017 Market Value $0EX366 HB366 Exempt 1 2017 Market Value $710


Exemption Description Count Exemption Amount$15,0003Disabled Veterans 10% - 29%DV1$7,5001Disabled Veterans 30% - 49%DV2


$1,281,2128Disabled Veteran HomesteadDVHS$100,9011First Responder Surviving SpouseFRSS

$2,229,36898HomesteadHS$384,61432Over 65OV65









New Annexations

New Deannexations


Category A and E


1,939 $140,430$31,354$171,784Category A Only


946 $167,413$30,426$197,839


HUNT County As of Certification2018 CERTIFIED TOTALSSCO - COMMERCE ISD



Improvement Value


Non Real ValueCount



155,612,568 0Total Productivity Market:Ag Use: 6,014,600 0 149,597,968(-)Productivity LossTimber Use: 0 0 =Appraised Value 1,364,636,869Productivity Loss: 0149,597,968




881,334,227



4,081,555 2,150,083 23,841.19 24,084.42 60DP64,700,045 42,707,005 425,712.77 428,267.03 620OV65


Transfer Assessed Taxable Post % Taxable Adjustment CountDP 103,650 68,650 28,140 40,510 1OV65 542,300 402,300 314,567 87,733 4Total 645,950 470,950 342,707 Transfer Adjustment (-)128,243 128,2435




Page 137 of 204SCO/395137 True Automation, Inc.


Exemption Breakdown



AB 3 0 0 0CHODO (Partial) 1 1,267,740 0 1,267,740DP 65 0 549,107 549,107DV1 3 0 15,000 15,000DV2 9 0 49,100 49,100DV3 7 0 65,003 65,003DV4 39 0 291,364 291,364DV4S 9 0 74,234 74,234DVHS 28 0 2,555,427 2,555,427DVHSS 7 0 374,426 374,426EX-XG 2 0 190,330 190,330EX-XI 1 0 4,830 4,830EX-XJ 1 0 70,000 70,000EX-XL 1 0 81,760 81,760EX-XN 9 0 748,760 748,760EX-XR 17 0 1,658,142 1,658,142EX-XV 384 0 821,593,735 821,593,735EX-XV (Prorated) 21 0 265,283 265,283EX366 22 0 4,390 4,390FR 6 5,470,422 0 5,470,422HS 1,602 0 37,720,397 37,720,397LVE 3 882,820 0 882,820OV65 654 0 5,749,134 5,749,134OV65S 7 0 69,846 69,846PC 6 1,582,977 0 1,582,977

Totals 9,203,959 872,130,268 881,334,227






A SINGLE FAMILY RESIDENCE 1,703 $1,654,620 $129,158,372B MULTIFAMILY RESIDENCE 142 $105,150 $40,777,232C1 VACANT LOTS AND LAND TRACTS 621 $0 $5,822,239D1 QUALIFIED AG LAND 1,658 $0 $155,612,56858,992.7712D2 NON-QUALIFIED LAND 512 $48,750 $6,509,426E FARM OR RANCH IMPROVEMENT 1,698 $1,989,790 $139,575,0636,249.7819F1 COMMERCIAL REAL PROPERTY 271 $886,960 $62,273,865F2 INDUSTRIAL REAL PROPERTY 18 $1,864,300 $25,233,906J2 GAS DISTRIBUTION SYSTEM 5 $0 $2,942,230J3 ELECTRIC COMPANY (INCLUDING CO-OP 7 $0 $12,993,050J4 TELEPHONE COMPANY (INCLUDING CO- 22 $0 $2,751,990J5 RAILROAD 6 $0 $569,540J6 PIPELAND COMPANY 28 $0 $8,571,780J7 CABLE TELEVISION COMPANY 10 $0 $1,524,460L1 COMMERCIAL PERSONAL PROPERTY 338 $0 $45,864,866L2 INDUSTRIAL PERSONAL PROPERTY 15 $0 $41,965,090M1 TANGIBLE OTHER PERSONAL, MOBILE H 110 $188,210 $2,327,130O RESIDENTIAL INVENTORY 14 $0 $242,240S SPECIAL INVENTORY TAX 10 $0 $2,752,000X TOTALLY EXEMPT PROPERTY 462 $28,110 $826,767,790

Totals 65,242.5531 $6,765,890 $1,514,234,837




New Value


New Exemptions

Exemption Description CountEX-XL 11.231 Organizations Providing Economic Deve 1 2017 Market Value $48,370EX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0EX-XV Other Exemptions (including public property, r 11 2017 Market Value $138,180EX366 HB366 Exempt 3 2017 Market Value $1,130


Exemption Description Count Exemption Amount$20,0002DisabilityDP$10,0002Disabled Veterans 10% - 29%DV1

$2101Disabled Veterans 70% - 100%DV4$305,7403Disabled Veteran HomesteadDVHS$683,83034HomesteadHS$95,24917Over 65OV65









New Annexations

New Deannexations


Category A and E


1,575 $78,800$25,955$104,755Category A Only


802 $71,016$25,468$96,484


HUNT County As of Certification2018 CERTIFIED TOTALSSCP - COOPER ISD


Land ValueHomesite: 286,190Non Homesite: 346,620Ag Market: 4,002,096Timber Market: 4,634,906Total Land (+)0

Improvement Value


Non Real ValueCount







373,540



28,870 0 0.00 0.00 1DP461,410 323,410 3,595.87 3,595.87 4OV65

Total 490,280 323,410 3,595.87 Freeze Taxable (-)3,595.87 5 323,410Tax Rate 1.470000




Page 143 of 204SCP/395138 True Automation, Inc.


Exemption Breakdown



DP 1 0 3,870 3,870EX-XR 1 0 250 250EX366 5 0 640 640HS 14 0 325,000 325,000OV65 6 0 43,730 43,730PC 2 50 0 50

Totals 50 373,490 373,540






C1 VACANT LOTS AND LAND TRACTS 3 $0 $22,780D1 QUALIFIED AG LAND 33 $0 $4,002,0961,766.2439D2 NON-QUALIFIED LAND 5 $0 $19,800E FARM OR RANCH IMPROVEMENT 28 $0 $1,898,860173.7330J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $27,090J4 TELEPHONE COMPANY (INCLUDING CO- 1 $0 $2,320J6 PIPELAND COMPANY 1 $0 $604,680M1 TANGIBLE OTHER PERSONAL, MOBILE H 2 $0 $62,630X TOTALLY EXEMPT PROPERTY 6 $0 $940

Totals 1,939.9769 $0 $6,641,196




New Value

TOTAL NEW VALUE MARKET: $0TOTAL NEW VALUE TAXABLE: $0

New Exemptions










New Annexations

New Deannexations


Category A and E


13 $70,318$26,035$96,353



HUNT County As of Certification2018 CERTIFIED TOTALSSCT - COMMUNITY ISD


Land ValueHomesite: 494,520Non Homesite: 526,998Ag Market: 7,327,780Timber Market: 8,349,298Total Land (+)0

Improvement Value


Non Real ValueCount







3,223,530



681,312 213,192 2,749.16 4,019.31 5OV65Total 681,312 213,192 4,019.31 Freeze Taxable (-)2,749.16 5 213,192Tax Rate 1.625000




Page 148 of 204SCT/395139 True Automation, Inc.


Exemption Breakdown



DV1 1 0 12,000 12,000DV2 1 0 7,500 7,500DV4 4 0 24,000 24,000DVHS 3 0 316,120 316,120EX-XN 1 0 19,700 19,700EX-XV 7 0 2,322,860 2,322,860EX366 5 0 1,390 1,390HS 22 0 475,000 475,000OV65 5 0 40,000 40,000PC 2 4,960 0 4,960

Totals 4,960 3,218,570 3,223,530






A SINGLE FAMILY RESIDENCE 16 $8,320 $2,953,750C1 VACANT LOTS AND LAND TRACTS 2 $0 $19,668D1 QUALIFIED AG LAND 34 $0 $7,327,7802,390.7826D2 NON-QUALIFIED LAND 1 $0 $3,980E FARM OR RANCH IMPROVEMENT 17 $520,710 $2,211,48049.6392J3 ELECTRIC COMPANY (INCLUDING CO-OP 2 $0 $435,420J4 TELEPHONE COMPANY (INCLUDING CO- 2 $0 $6,550J6 PIPELAND COMPANY 4 $0 $286,980L1 COMMERCIAL PERSONAL PROPERTY 2 $0 $2,260X TOTALLY EXEMPT PROPERTY 13 $0 $2,343,950

Totals 2,440.4218 $529,030 $15,591,818




New Value


New Exemptions



Exemption Description Count Exemption Amount$01HomesteadHS

1PARTIAL EXEMPTIONS VALUE LOSS $0NEW EXEMPTIONS VALUE LOSS $760






New Annexations

New Deannexations


Category A and E


22 $147,126$25,459$172,585Category A Only


14 $157,211$23,080$180,291



HUNT County As of Certification2018 CERTIFIED TOTALSSCU - CUMBY ISD


Land ValueHomesite: 836,770Non Homesite: 2,535,380Ag Market: 15,706,730Timber Market: 19,078,880Total Land (+)0

Improvement Value


Non Real ValueCount







2,625,656



89,955 31,650 0.00 0.00 2DP1,167,596 661,147 3,191.33 3,565.89 19OV65

Total 1,257,551 692,797 3,565.89 Freeze Taxable (-)3,191.33 21 692,797Tax Rate 1.200000




Page 153 of 204SCU/395140 True Automation, Inc.


Exemption Breakdown



DP 2 0 10,000 10,000DV1S 1 0 5,000 5,000EX-XR 1 0 909,680 909,680EX-XV 2 0 226,680 226,680EX366 1 0 30 30HS 63 0 1,316,886 1,316,886OV65 21 0 150,000 150,000PC 2 7,380 0 7,380

Totals 7,380 2,618,276 2,625,656






A SINGLE FAMILY RESIDENCE 17 $0 $1,049,230C1 VACANT LOTS AND LAND TRACTS 6 $0 $122,090D1 QUALIFIED AG LAND 140 $0 $15,706,7305,691.6542D2 NON-QUALIFIED LAND 54 $0 $638,340E FARM OR RANCH IMPROVEMENT 101 $521,360 $8,604,910702.7143F1 COMMERCIAL REAL PROPERTY 2 $0 $201,560J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $25,090J4 TELEPHONE COMPANY (INCLUDING CO- 2 $0 $151,180J5 RAILROAD 4 $0 $472,380J6 PIPELAND COMPANY 6 $0 $1,098,150J7 CABLE TELEVISION COMPANY 2 $0 $40,120L1 COMMERCIAL PERSONAL PROPERTY 3 $0 $3,630M1 TANGIBLE OTHER PERSONAL, MOBILE H 7 $0 $105,280X TOTALLY EXEMPT PROPERTY 4 $0 $1,136,390

Totals 6,394.3685 $521,360 $29,355,080




New Value


New Exemptions



Exemption Description Count Exemption Amount$50,0003HomesteadHS$10,0001Over 65OV65









New Annexations

New Deannexations


Category A and E


60 $58,591$22,340$80,931Category A Only


11 $37,750$23,062$60,812


HUNT County As of Certification2018 CERTIFIED TOTALSSFD - FANNINDEL ISD



Improvement Value


Non Real ValueCount







952,756



74,280 39,280 1.69 1.69 1DP266,130 161,130 798.70 798.70 3OV65

Total 340,410 200,410 800.39 Freeze Taxable (-)800.39 4 200,410Tax Rate 1.260000


APPROXIMATE LEVY = (FREEZE ADJUSTED TAXABLE * (TAX RATE / 100)) + ACTUAL TAX61,632.14 = 4,827,917 * (1.260000 / 100) + 800.39


Page 159 of 204SFD/395141 True Automation, Inc.


Exemption Breakdown



DP 3 0 25,000 25,000DV4 2 0 24,000 24,000DVHS 1 0 196,560 196,560EX-XN 1 0 19,510 19,510EX-XR 1 0 187,980 187,980EX-XV 1 0 13,830 13,830HS 19 0 430,936 430,936OV65 3 0 30,000 30,000PC 2 6,660 0 6,660SO 1 18,280 0 18,280

Totals 24,940 927,816 952,756






A SINGLE FAMILY RESIDENCE 9 $0 $562,850C1 VACANT LOTS AND LAND TRACTS 2 $0 $15,160D1 QUALIFIED AG LAND 111 $0 $17,504,9707,219.2911D2 NON-QUALIFIED LAND 23 $4,070 $236,010E FARM OR RANCH IMPROVEMENT 53 $269,460 $4,016,950468.9336J3 ELECTRIC COMPANY (INCLUDING CO-OP 1 $0 $54,180J4 TELEPHONE COMPANY (INCLUDING CO- 2 $0 $11,630J6 PIPELAND COMPANY 6 $0 $37,550L1 COMMERCIAL PERSONAL PROPERTY 1 $0 $2,260M1 TANGIBLE OTHER PERSONAL, MOBILE H 4 $44,100 $69,210X TOTALLY EXEMPT PROPERTY 3 $0 $221,320

Totals 7,688.2247 $317,630 $22,732,090




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0


Exemption Description Count Exemption Amount$50,0003HomesteadHS







New Annexations

New Deannexations


Category A and E


19 $70,432$23,270$93,702Category A Only


4 $37,120$18,750$55,870



HUNT County As of Certification2018 CERTIFIED TOTALSSGR - GREENVILLE ISD



Improvement Value

Homesite: 976,573,253Non Homesite: 1,304,020,284 Total Improvements (+) 2,280,593,537

Non Real ValueCount

Personal Property: 1,510 740,225,963Mineral Property: 0 0Autos: 0 0 Total Non Real (+) 740,225,963


219,591,058 191,740Total Productivity Market:Ag Use: 5,843,585 5,950 213,747,473(-)Productivity LossTimber Use: 0 0 =Appraised Value 3,464,619,880Productivity Loss: 185,790213,747,473




1,095,976,769

=Net Taxable 2,332,216,381


20,054,925 11,777,754 93,768.81 95,213.81 217DP273,295,547 192,783,949 1,363,306.94 1,375,731.78 2,223OV65

Total 293,350,472 204,561,703 1,470,945.59 Freeze Taxable (-)1,457,075.75 2,440 204,561,703Tax Rate 1.308481

Transfer Assessed Taxable Post % Taxable Adjustment CountDP 405,441 300,441 269,689 30,752 3OV65 5,041,840 3,976,635 2,736,517 1,240,118 31Total 5,447,281 4,277,076 3,006,206 Transfer Adjustment (-)1,270,870 1,270,87034

= 2,126,383,808Freeze Adjusted Taxable

APPROXIMATE LEVY = (FREEZE ADJUSTED TAXABLE * (TAX RATE / 100)) + ACTUAL TAX29,280,403.86 = 2,126,383,808 * (1.308481 / 100) + 1,457,075.75


Page 164 of 204SGR/395142 True Automation, Inc.


Exemption Breakdown



AB 5 0 0 0DP 236 0 2,063,746 2,063,746DV1 31 0 204,000 204,000DV1S 1 0 5,000 5,000DV2 23 0 178,500 178,500DV3 35 0 350,410 350,410DV4 171 0 1,510,690 1,510,690DV4S 21 0 212,590 212,590DVHS 72 0 8,995,250 8,995,250DVHSS 10 0 1,337,190 1,337,190EX-XG 3 0 981,890 981,890EX-XI (Prorated) 1 0 74,521 74,521EX-XJ 2 0 3,328,620 3,328,620EX-XL 1 0 128,160 128,160EX-XN 13 0 3,507,850 3,507,850EX-XR 17 0 6,577,360 6,577,360EX-XU 7 0 1,247,460 1,247,460EX-XV 1,012 0 813,683,166 813,683,166EX-XV (Prorated) 37 0 283,959 283,959EX366 26 0 7,220 7,220FR 13 79,442,241 0 79,442,241HS 5,991 0 144,874,008 144,874,008LVE 4 2,491,382 0 2,491,382OV65 2,368 0 21,653,752 21,653,752OV65S 10 0 80,000 80,000PC 10 2,743,480 0 2,743,480SO 1 14,324 0 14,324

Totals 84,691,427 1,011,285,342 1,095,976,769






A SINGLE FAMILY RESIDENCE 8,380 $27,138,316 $877,507,202B MULTIFAMILY RESIDENCE 158 $2,062,440 $122,790,569C1 VACANT LOTS AND LAND TRACTS 2,374 $0 $47,442,611D1 QUALIFIED AG LAND 2,017 $0 $219,591,05858,941.5879D2 NON-QUALIFIED LAND 628 $309,750 $8,861,323E FARM OR RANCH IMPROVEMENT 2,605 $6,292,830 $295,494,43610,608.8051F1 COMMERCIAL REAL PROPERTY 977 $21,322,040 $459,199,332F2 INDUSTRIAL REAL PROPERTY 56 $247,240 $116,373,109J2 GAS DISTRIBUTION SYSTEM 12 $0 $10,267,670J3 ELECTRIC COMPANY (INCLUDING CO-OP 6 $0 $7,146,140J4 TELEPHONE COMPANY (INCLUDING CO- 63 $0 $9,575,540J5 RAILROAD 73 $0 $6,500,690J6 PIPELAND COMPANY 36 $0 $11,869,500J7 CABLE TELEVISION COMPANY 10 $0 $4,614,550L1 COMMERCIAL PERSONAL PROPERTY 1,241 $977,900 $185,856,143L2 INDUSTRIAL PERSONAL PROPERTY 27 $0 $434,264,782M1 TANGIBLE OTHER PERSONAL, MOBILE H 335 $1,136,330 $7,866,800O RESIDENTIAL INVENTORY 165 $0 $603,090S SPECIAL INVENTORY TAX 38 $0 $19,920,730X TOTALLY EXEMPT PROPERTY 1,123 $2,270,814 $832,622,078

Totals 69,550.3930 $61,757,660 $3,678,367,353




New Value


New Exemptions



Exemption Description Count Exemption Amount$85,00010DisabilityDP$39,0005Disabled Veterans 10% - 29%DV1$30,0004Disabled Veterans 30% - 49%DV2$42,0004Disabled Veterans 50% - 69%DV3

$132,00012Disabled Veterans 70% - 100%DV4$24,0002Disabled Veterans Surviving Spouse 70% - 100DV4S

$110,8433Disabled Veteran HomesteadDVHS$171,1101Disabled Veteran Homestead Surviving SpouseDVHSS










New Annexations

New Deannexations


Category A and E


5,907 $101,483$30,256$131,739Category A Only


4,604 $96,674$30,031$126,705


HUNT County As of Certification2018 CERTIFIED TOTALSSLE - LEONARD ISD



Improvement Value


Non Real ValueCount







1,861,683



149,784 97,284 618.44 618.44 2DP1,333,433 931,333 7,014.40 7,014.40 13OV65





Page 170 of 204SLE/395143 True Automation, Inc.


Exemption Breakdown



DP 2 0 15,000 15,000DV1 1 0 5,000 5,000DV4 1 0 12,000 12,000DVHS 1 0 71,250 71,250EX-XV 4 0 291,590 291,590EX366 1 0 230 230HS 58 0 1,350,583 1,350,583OV65 13 0 105,000 105,000PC 2 11,030 0 11,030

Totals 11,030 1,850,653 1,861,683






C1 VACANT LOTS AND LAND TRACTS 3 $0 $38,830D1 QUALIFIED AG LAND 135 $0 $17,801,5105,874.3262D2 NON-QUALIFIED LAND 45 $36,690 $573,206E FARM OR RANCH IMPROVEMENT 104 $336,110 $10,746,572440.0089J3 ELECTRIC COMPANY (INCLUDING CO-OP 2 $0 $180,120J4 TELEPHONE COMPANY (INCLUDING CO- 1 $0 $24,310J5 RAILROAD 2 $0 $42,730J6 PIPELAND COMPANY 8 $0 $1,689,800J7 CABLE TELEVISION COMPANY 1 $0 $17,490L1 COMMERCIAL PERSONAL PROPERTY 3 $0 $35,220M1 TANGIBLE OTHER PERSONAL, MOBILE H 4 $85,860 $137,610X TOTALLY EXEMPT PROPERTY 5 $0 $291,820

Totals 6,314.3351 $458,660 $31,579,218




New Value


New Exemptions



Exemption Description Count Exemption Amount$71,2501Disabled Veteran HomesteadDVHS$75,0003HomesteadHS









New Annexations

New Deannexations


Category A and E


57 $101,424$28,803$130,227



HUNT County As of Certification2018 CERTIFIED TOTALSSLO - LONE OAK ISD



Improvement Value


Non Real ValueCount

Personal Property: 158 12,511,768Mineral Property: 4 33,220Autos: 0 0 Total Non Real (+) 12,544,988






83,371,068



5,581,564 3,529,434 31,876.61 32,532.82 61DP56,218,614 39,922,233 326,539.65 331,663.36 485OV65






Page 175 of 204SLO/395144 True Automation, Inc.


Exemption Breakdown



DP 67 0 505,606 505,606DV1 4 0 27,000 27,000DV2 3 0 22,500 22,500DV3 11 0 112,000 112,000DV4 53 0 470,918 470,918DV4S 7 0 54,250 54,250DVHS 20 0 2,316,102 2,316,102DVHSS 4 0 328,160 328,160EX-XG 2 0 56,940 56,940EX-XJ 1 0 21,380 21,380EX-XN 8 0 613,720 613,720EX-XR 8 0 4,145,380 4,145,380EX-XU 1 0 21,380 21,380EX-XV 131 0 39,382,510 39,382,510EX-XV (Prorated) 8 0 10,647 10,647EX366 11 0 2,230 2,230HS 1,358 0 30,720,899 30,720,899LVE 2 336,220 0 336,220OV65 521 0 4,203,385 4,203,385OV65S 3 0 19,001 19,001PC 2 840 0 840

Totals 337,060 83,034,008 83,371,068






A SINGLE FAMILY RESIDENCE 903 $4,931,000 $97,516,403B MULTIFAMILY RESIDENCE 2 $0 $275,650C1 VACANT LOTS AND LAND TRACTS 1,336 $0 $6,289,932D1 QUALIFIED AG LAND 1,551 $0 $134,056,36841,958.5546D2 NON-QUALIFIED LAND 563 $79,370 $11,420,436E FARM OR RANCH IMPROVEMENT 1,520 $4,429,050 $176,998,0194,183.3866F1 COMMERCIAL REAL PROPERTY 63 $846,630 $7,444,913G1 OIL AND GAS 4 $0 $33,220J2 GAS DISTRIBUTION SYSTEM 2 $0 $203,060J3 ELECTRIC COMPANY (INCLUDING CO-OP 7 $0 $2,723,040J4 TELEPHONE COMPANY (INCLUDING CO- 12 $0 $1,732,430J5 RAILROAD 5 $0 $227,160J6 PIPELAND COMPANY 3 $0 $154,350J7 CABLE TELEVISION COMPANY 2 $0 $4,680L1 COMMERCIAL PERSONAL PROPERTY 107 $0 $4,706,588L2 INDUSTRIAL PERSONAL PROPERTY 1 $0 $19,100M1 TANGIBLE OTHER PERSONAL, MOBILE H 108 $194,630 $2,624,880O RESIDENTIAL INVENTORY 412 $0 $1,035,255S SPECIAL INVENTORY TAX 6 $0 $20,360X TOTALLY EXEMPT PROPERTY 172 $95,040 $44,590,407

Totals 46,141.9412 $10,575,720 $492,076,251




New Value


New Exemptions



Exemption Description Count Exemption Amount$60,0008DisabilityDP$10,0001Disabled Veterans 50% - 69%DV3$60,0005Disabled Veterans 70% - 100%DV4










New Annexations

New Deannexations


Category A and E


1,321 $115,296$28,046$143,342Category A Only


480 $114,285$25,471$139,756


HUNT County As of Certification2018 CERTIFIED TOTALSSQL - QUINLAN ISD



Improvement Value


Non Real ValueCount



192,923,842 0Total Productivity Market:Ag Use: 3,559,398 0 189,364,444(-)Productivity LossTimber Use: 0 0 =Appraised Value 1,226,218,314Productivity Loss: 0189,364,444




296,050,089



20,565,632 10,517,038 94,754.12 98,000.59 388DP175,766,516 121,323,016 985,200.93 998,590.58 1,873OV65

Total 196,332,148 131,840,054 1,096,591.17 Freeze Taxable (-)1,079,955.05 2,261 131,840,054Tax Rate 1.240000

Transfer Assessed Taxable Post % Taxable Adjustment CountDP 461,040 379,040 365,745 13,295 2OV65 2,233,914 1,849,543 1,484,722 364,821 15Total 2,694,954 2,228,583 1,850,467 Transfer Adjustment (-)378,116 378,11617


APPROXIMATE LEVY = (FREEZE ADJUSTED TAXABLE * (TAX RATE / 100)) + ACTUAL TAX10,550,825.72 = 763,779,893 * (1.240000 / 100) + 1,079,955.05


Page 181 of 204SQL/395145 True Automation, Inc.


Exemption Breakdown



DP 414 0 2,390,237 2,390,237DV1 28 0 131,530 131,530DV2 22 0 141,360 141,360DV3 14 0 121,326 121,326DV4 121 0 744,561 744,561DV4S 22 0 112,643 112,643DVHS 75 0 6,530,824 6,530,824DVHSS 13 0 337,115 337,115EX-XG 1 0 288,710 288,710EX-XI 3 0 447,900 447,900EX-XJ 2 0 396,940 396,940EX-XL (Prorated) 1 0 18,552 18,552EX-XN 13 0 1,737,300 1,737,300EX-XR 42 0 10,519,063 10,519,063EX-XR (Prorated) 1 0 1,580 1,580EX-XU 6 0 913,670 913,670EX-XU (Prorated) 1 0 5,639 5,639EX-XV 472 0 158,845,280 158,845,280EX-XV (Prorated) 45 0 96,260 96,260EX366 20 0 4,758 4,758HS 4,696 0 97,679,641 97,679,641LVE 1 166,320 0 166,320OV65 2,032 0 14,174,085 14,174,085OV65S 11 0 91,565 91,565PC 4 82,400 0 82,400SO 2 70,830 0 70,830

Totals 319,550 295,730,539 296,050,089






A SINGLE FAMILY RESIDENCE 6,599 $15,660,270 $506,139,264B MULTIFAMILY RESIDENCE 18 $179,940 $3,763,544C1 VACANT LOTS AND LAND TRACTS 4,654 $0 $44,357,490D1 QUALIFIED AG LAND 1,692 $0 $192,923,84240,709.2443D2 NON-QUALIFIED LAND 547 $116,530 $11,396,356E FARM OR RANCH IMPROVEMENT 3,157 $12,568,240 $338,765,33311,032.3165F1 COMMERCIAL REAL PROPERTY 372 $2,670,780 $82,433,242F2 INDUSTRIAL REAL PROPERTY 3 $179,890 $517,570J1 WATER SYSTEMS 14 $0 $571,060J2 GAS DISTRIBUTION SYSTEM 3 $0 $390,600J3 ELECTRIC COMPANY (INCLUDING CO-OP 11 $0 $7,648,970J4 TELEPHONE COMPANY (INCLUDING CO- 27 $0 $4,337,380J5 RAILROAD 5 $0 $114,930J6 PIPELAND COMPANY 11 $0 $3,458,630J7 CABLE TELEVISION COMPANY 3 $0 $100,710L1 COMMERCIAL PERSONAL PROPERTY 397 $0 $26,823,572L2 INDUSTRIAL PERSONAL PROPERTY 2 $0 $413,340M1 TANGIBLE OTHER PERSONAL, MOBILE H 567 $1,158,380 $14,207,763O RESIDENTIAL INVENTORY 417 $0 $3,276,630S SPECIAL INVENTORY TAX 18 $0 $500,560X TOTALLY EXEMPT PROPERTY 608 $7,950 $173,441,972

Totals 51,741.5608 $32,541,980 $1,415,582,758




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0EX-XV Other Exemptions (including public property, r 23 2017 Market Value $167,420EX366 HB366 Exempt 2 2017 Market Value $0


Exemption Description Count Exemption Amount$115,00016DisabilityDP$18,9713Disabled Veterans 30% - 49%DV2$10,0001Disabled Veterans 50% - 69%DV3$42,0495Disabled Veterans 70% - 100%DV4$24,0002Disabled Veterans Surviving Spouse 70% - 100DV4S

$185,8342Disabled Veteran HomesteadDVHS$3,181,032174HomesteadHS

$512,70982Over 65OV65285PARTIAL EXEMPTIONS VALUE LOSS $4,089,595

NEW EXEMPTIONS VALUE LOSS $4,257,015








New Annexations

New DeannexationsTaxable ValueMarket ValueCount

1 $3,190 $3,190


Category A and E


4,546 $87,115$28,140$115,255Category A Only


3,072 $77,296$27,329$104,625


HUNT County As of Certification2018 CERTIFIED TOTALSSRC - ROYSE CITY ISD



Improvement Value


Non Real ValueCount







89,205,051



4,332,971 3,323,675 38,622.45 38,684.14 34DP41,807,235 28,831,741 309,048.64 313,974.87 252OV65






Page 187 of 204SRC/395146 True Automation, Inc.


Exemption Breakdown



DP 36 0 289,493 289,493DV1 12 0 81,000 81,000DV2 11 0 79,940 79,940DV3 13 0 115,000 115,000DV4 33 0 336,000 336,000DV4S 2 0 12,000 12,000DVHS 23 0 4,534,232 4,534,232DVHSS 1 0 171,250 171,250EX-XN 9 0 529,490 529,490EX-XR 2 0 835,110 835,110EX-XV 10 0 43,900,570 43,900,570EX366 9 0 1,960 1,960FRSS 1 0 154,576 154,576HS 1,350 0 32,179,675 32,179,675LVE 2 60,932 0 60,932OV65 279 3,442,255 2,463,388 5,905,643PC 2 10,880 0 10,880SO 1 7,300 0 7,300

Totals 3,521,367 85,683,684 89,205,051






A SINGLE FAMILY RESIDENCE 1,362 $26,251,940 $269,715,331C1 VACANT LOTS AND LAND TRACTS 133 $0 $5,049,010D1 QUALIFIED AG LAND 566 $0 $88,991,6049,800.4795D2 NON-QUALIFIED LAND 196 $91,280 $3,500,449E FARM OR RANCH IMPROVEMENT 874 $4,107,830 $125,816,7852,826.0164F1 COMMERCIAL REAL PROPERTY 43 $1,314,170 $17,092,840J3 ELECTRIC COMPANY (INCLUDING CO-OP 4 $0 $1,675,790J4 TELEPHONE COMPANY (INCLUDING CO- 4 $0 $499,640J5 RAILROAD 6 $0 $85,380J6 PIPELAND COMPANY 7 $0 $329,560L1 COMMERCIAL PERSONAL PROPERTY 111 $0 $4,241,258L2 INDUSTRIAL PERSONAL PROPERTY 1 $0 $11,600M1 TANGIBLE OTHER PERSONAL, MOBILE H 77 $62,060 $1,932,860O RESIDENTIAL INVENTORY 424 $1,551,370 $15,630,702S SPECIAL INVENTORY TAX 10 $0 $707,680X TOTALLY EXEMPT PROPERTY 32 $0 $45,328,062

Totals 12,626.4959 $33,378,650 $580,608,551




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0EX366 HB366 Exempt 1 2017 Market Value $560


Exemption Description Count Exemption Amount$12,0001Disabled Veterans 10% - 29%DV1$22,5003Disabled Veterans 30% - 49%DV2$30,0003Disabled Veterans 50% - 69%DV3$60,0006Disabled Veterans 70% - 100%DV4

$413,0402Disabled Veteran HomesteadDVHS$2,335,12495HomesteadHS

$200,00011Over 65OV65121PARTIAL EXEMPTIONS VALUE LOSS $3,072,664

NEW EXEMPTIONS VALUE LOSS $3,073,224








New Annexations

New Deannexations


Category A and E


1,337 $175,610$29,067$204,677Category A Only


853 $197,755$27,915$225,670


HUNT County As of Certification2018 CERTIFIED TOTALSSTR - TERRELL ISD



Improvement Value


Non Real ValueCount







11,324,879



1,241,021 910,234 8,636.05 8,679.85 10DP22,310,775 17,613,706 175,530.36 177,895.24 140OV65






Page 193 of 204STR/395147 True Automation, Inc.


Exemption Breakdown



DP 10 0 90,000 90,000DV1 4 0 27,000 27,000DV2 1 0 12,000 12,000DV3 1 0 10,000 10,000DV4 3 0 36,000 36,000DV4S 1 0 0 0DVHS 3 0 469,428 469,428DVHSS 1 0 228,285 228,285EX-XN 1 0 16,300 16,300EX-XR 1 0 20,000 20,000EX-XV 4 0 983,930 983,930EX366 3 0 900 900HS 348 0 8,107,869 8,107,869OV65 155 0 1,323,167 1,323,167

Totals 0 11,324,879 11,324,879






A SINGLE FAMILY RESIDENCE 222 $90,070 $39,445,460B MULTIFAMILY RESIDENCE 2 $0 $230,320C1 VACANT LOTS AND LAND TRACTS 31 $0 $1,053,780D1 QUALIFIED AG LAND 296 $0 $34,491,1056,369.4465D2 NON-QUALIFIED LAND 115 $127,790 $2,755,163E FARM OR RANCH IMPROVEMENT 336 $804,170 $59,384,4342,437.6600F1 COMMERCIAL REAL PROPERTY 2 $0 $814,380J1 WATER SYSTEMS 1 $0 $35,000J3 ELECTRIC COMPANY (INCLUDING CO-OP 2 $0 $1,139,390J4 TELEPHONE COMPANY (INCLUDING CO- 1 $0 $132,050J6 PIPELAND COMPANY 2 $0 $272,640L1 COMMERCIAL PERSONAL PROPERTY 15 $0 $261,710M1 TANGIBLE OTHER PERSONAL, MOBILE H 14 $0 $426,790X TOTALLY EXEMPT PROPERTY 9 $0 $1,021,130

Totals 8,807.1065 $1,022,030 $141,463,352




New Value


New Exemptions



Exemption Description Count Exemption Amount$238,9281Disabled Veteran HomesteadDVHS$141,1677HomesteadHS$33,4787Over 65OV65









New Annexations

New Deannexations


Category A and E


344 $157,438$31,082$188,520Category A Only


146 $159,061$33,232$192,293


HUNT County As of Certification2018 CERTIFIED TOTALSSWC - WOLFE CITY ISD



Improvement Value


Non Real ValueCount







44,401,703



2,119,672 915,148 6,351.37 6,516.17 37DP24,255,388 14,377,820 99,720.10 100,809.60 298OV65





Page 199 of 204SWC/395148 True Automation, Inc.


Exemption Breakdown



DP 37 0 256,300 256,300DV1 3 0 22,000 22,000DV2 2 0 15,000 15,000DV3 6 0 60,000 60,000DV4 25 0 237,910 237,910DV4S 5 0 60,000 60,000DVHS 13 0 781,518 781,518EX-XG 1 0 43,160 43,160EX-XJ 1 0 32,790 32,790EX-XN 8 0 467,200 467,200EX-XR 3 0 559,928 559,928EX-XV 97 0 20,920,910 20,920,910EX-XV (Prorated) 3 0 25,001 25,001EX366 8 0 1,460 1,460HS 783 0 18,234,306 18,234,306LVE 1 52,940 0 52,940OV65 310 0 2,581,916 2,581,916OV65S 3 0 19,064 19,064PC 2 30,300 0 30,300

Totals 83,240 44,318,463 44,401,703






A SINGLE FAMILY RESIDENCE 594 $67,380 $29,788,440B MULTIFAMILY RESIDENCE 16 $0 $2,599,664C1 VACANT LOTS AND LAND TRACTS 163 $0 $1,388,450D1 QUALIFIED AG LAND 1,194 $0 $121,958,43042,829.7005D2 NON-QUALIFIED LAND 398 $165,220 $4,896,244E FARM OR RANCH IMPROVEMENT 970 $1,938,070 $80,619,9103,763.9793F1 COMMERCIAL REAL PROPERTY 63 $0 $6,934,257F2 INDUSTRIAL REAL PROPERTY 7 $0 $1,251,793J2 GAS DISTRIBUTION SYSTEM 2 $0 $666,690J3 ELECTRIC COMPANY (INCLUDING CO-OP 6 $0 $3,663,610J4 TELEPHONE COMPANY (INCLUDING CO- 7 $0 $685,030J6 PIPELAND COMPANY 18 $0 $2,708,400J7 CABLE TELEVISION COMPANY 4 $0 $71,180L1 COMMERCIAL PERSONAL PROPERTY 78 $0 $2,338,960L2 INDUSTRIAL PERSONAL PROPERTY 5 $0 $3,468,700M1 TANGIBLE OTHER PERSONAL, MOBILE H 55 $234,780 $1,445,439S SPECIAL INVENTORY TAX 2 $0 $0X TOTALLY EXEMPT PROPERTY 122 $0 $22,103,389

Totals 46,593.6798 $2,405,450 $286,588,586




New Value


New Exemptions

Exemption Description CountEX-XN 11.252 Motor vehicles leased for personal use 1 2017 Market Value $0EX-XV Other Exemptions (including public property, r 1 2017 Market Value $3,770


Exemption Description Count Exemption Amount$10,0001Disabled Veterans 50% - 69%DV3$12,0001Disabled Veterans Surviving Spouse 70% - 100DV4S$11,7731Disabled Veteran HomesteadDVHS










New Annexations

New Deannexations


Category A and E


764 $67,195$25,170$92,365Category A Only


276 $41,192$24,141$65,333


2018 Masonry Final Number Calculations After Cost Multiplier, Local Multiplier and Market Factor

QUALITY LOWDEPRECIATION 50 YR

MAX SQ FT 1M 2M 2+M 3M 3+M 4M 4+M 5M 5+M 6M 6+M

400 67.90

500 64.48

600 61.81 74.65 87.85 100.51 115.81

700 59.65 72.37 85.16

800 57.84 70.44 81.63 94.73 109.14 119.33 128.92

900 56.28 68.78 79.69

1000 54.92 67.32 77.99 90.46 104.33 114.16 123.33 129.87

1100 53.73 66.04 76.48

1200 52.66 64.88 75.13 87.12 100.56 110.10 118.94 125.25 149.94

1300 51.69 63.84 73.91 85.70 98.95

1400 50.82 62.90 72.80 84.40 97.48 106.79 115.24 121.24 145.14

1500 62.03 71.79 83.20 95.91

1600 49.27 61.22 70.84 82.10 94.47 103.18 111.72 117.89 141.12 172.85 203.74

1700 60.48 69.97 81.08 93.31

1800 47.94 59.78 69.16 80.13 92.24 100.78 109.06 114.99 137.66 168.62 198.74

1900 79.25 91.25 99.71 107.85

2000 46.78 58.52 67.69 78.41 90.31 98.70 106.72 112.47 134.71 165.07 194.56

2100 77.63 89.42 97.75 105.66

2200 45.76 57.40 66.37 76.88 88.58 96.85 104.66 110.23 132.09 161.90 190.83

2300 109.20 130.92

2400 44.85 56.40 65.21 75.52 87.43 95.95 103.18 108.22 129.74 159.07 187.49

2500 95.20 102.33 107.29 128.65

2600 44.03 55.50 64.15 74.28 86.03 94.44 101.50 106.42 127.63 156.53 184.50

2800 43.29 54.67 63.18 73.15 84.75 93.05 99.96 104.77 125.69 154.18 181.72

3000 72.12 83.58 91.79 98.56 103.25 123.91 152.05 179.21

3200 90.62 97.26 101.86 122.28 150.07 176.88

3400 89.54 96.05 100.56 120.76 148.24 174.73

3600 88.52 94.94 99.36 119.34 146.53 172.71

3800 87.32 93.76 98.24 118.02 144.93 170.83

4000 97.19 116.78 143.44 169.07

4200 96.19 115.61 142.02 167.40

4400 140.69 165.83

4800 138.23 162.93

5200 136.01 160.31

5600 133.99 157.92

6000 132.13 155.73

9999999 41.91 53.16 61.55 70.21 80.83 86.06 92.50 94.31 113.25 130.27 153.54

60 YR 60 YR 60 YR 65 YRFAIR AVERAGE GOOD VERY GOOD EXCELLENT

55 YR

2018 Frame Final Number Calculations After Cost Multipler, LocalMultiplier and Market Factor

QUALITY LOWDEPRECIATION 45 YR F RES

MAX SQ FT 1F 2F 2+F 3F 3+F 4F 4+F 5F 5+F 6F 6+F

400 66.74

500 63.41

600 60.81 67.78 83.33 89.98 108.02

700 58.69 65.83 80.95

800 56.92 64.17 78.92 85.24 102.33 106.21 121.29

900 55.41 62.77 77.21

1000 54.08 61.53 75.67 81.73 98.15 101.91 116.37

1100 52.91 60.44 74.32

1200 51.86 59.45 73.11 78.96 94.86 98.52 112.50 120.42 140.16

1300 50.93 58.55 72.01 77.78 93.46

1400 50.06 57.74 71.01 76.71 92.17 95.74 109.20 116.78 135.92

1500 56.99 70.10 75.72 91.00

1600 48.55 56.30 69.25 74.80 89.90 93.40 106.42 113.71 132.35

1700 55.66 68.46 73.95 88.89

1800 47.26 55.06 67.72 73.16 87.94 91.38 104.03 111.08 129.28 149.91 173.82

1900 72.42 87.06 90.47 102.95

2000 46.12 53.97 66.39 71.72 86.23 89.61 101.94 108.76 126.59 146.80 170.22

2100 71.07 85.46 88.81 100.98

2200 45.13 53.01 65.20 70.44 84.71 88.04 100.08 106.71 124.22 144.07 167.04

2300 105.77 123.14

2400 44.24 52.14 64.14 69.30 83.35 86.63 98.40 104.88 122.09 141.59 164.18

2500 104.03 121.10

2600 43.43 51.36 63.18 68.26 82.11 85.36 96.90 103.22 120.16 139.37 161.60

2800 42.70 50.64 62.31 67.32 80.98 84.19 95.52 101.71 118.41 137.34 159.24

3000 66.44 79.94 83.13 94.26 100.32 116.80 135.47 157.08

3200 82.14 93.09 99.03 115.31 133.75 155.09

3400 81.22 92.01 97.84 113.93 132.15 153.24

3600 80.36 91.00 96.74 112.64 130.67 151.51

3800 79.56 90.06 95.70 111.44 129.27 149.89

4000 78.81 89.16 94.73 110.31 127.96 148.38

4200 93.81 109.25 126.74 146.95

4400 125.57 145.60

4800 123.43 143.12

5200 121.48 140.85

5600 119.71 138.80

6000 118.09 136.92

9999999 41.35 49.94 60.66 64.83 76.31 78.05 87.42 92.07 103.32 116.46 135.04

50 YR F RES 55 YR F RES 55 YR F RES 60 YR F RES 60 YR F RESFAIR AVERAGE GOOD VERY GOOD EXCELLENT

7/25/2018 2017 Property Value Study

https://comptroller.texas.gov/data/property-tax/pvs/2017p/1160000001A.php 1/2

TaxesProperty Tax Assistance

2017 Property Value Study

CAD Summary Worksheet 116 Hunt

CategoryNumber ofRatios **

2017 CAD Rept Apprais

ed ValueMedian Level of Appr

Coefficientof Dispersi

on

% Ratios w/in (+/-) 10%of Median

% Ratios w/in (+/-) 25%of Median

Price-Related Different

ial

A. Single-Family Residences

709 1,984,171,284 .98 9.27 71.08 92.66 1.01

B. Multi-Family Residences

42 146,967,072 * * * * *

C1. Vacant Lots

0 123,650,049 * * * * *

C2. Colonia lots

0 0 * * * * *

D2. Farm/Ranch Imp

25 68,151,379 * * * * *

E. Rural non-qualified

324 1,558,854,468 .98 13.73 53.39 85.18 1.01

F1. Commercial Real

135 615,521,875 .95 12.07 57.03 88.14 1.01

F2. IndustrialReal

0 148,038,494 * * * * *

G. Oil, Gas,Minerals

0 9,569 * * * * *

J. Utilities 6 163,787,182 1.25 .00 100.00 100.00 1.00

L1. Commercial Personal

72 313,154,813 * * * * *

L2. IndustrialPersonal

0 503,838,204 * * * * *

M. Other Personal

0 23,944,172 * * * * *

O. Residential Inventory

0 5,272,436 * * * * *

S. Special Inventory

0 26,363,600 * * * * *

Overall 1,313 5,681,724,597 .98 11.42 63.21 88.57 1.04

Glenn HegarTexas Comptroller of Public Accounts

https://comptroller.texas.gov/taxes/

https://comptroller.texas.gov/taxes/property-tax/

7/25/2018 2017 Property Value Study

https://comptroller.texas.gov/data/property-tax/pvs/2017p/1160000001A.php 2/2

* Not Calculated - Need a minimum of 5 ratios from either (A) categories representing at least 25% of total CADcategory value or (B) 5 ISDs or half the ISDs in the CAD, whichever is less ** Statistical measures may not be reliable when the sample is small

2018 CERTIFIED RESIDENTIAL SALES BY ISD

Sales 4/01/2017 thru 4/1/2018

Residential Class SBH SBL SCA SCL SCM SCO SCP SCT SCU SFD SGR All ISD'S All ISD'S

Condition ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL AVG ALL

Lower Trimming Limit 0 0.8135 0.4545 0.6989 0.7968 0.6524 0 0 0 0 0.8353 0.8276 0.8012

Upper Trimming Limit 0 1.1119 1.4769 1.2189 1.1693 1.2649 0 0 0 0 1.1249 1.154 1.1516

Total Number of Sales in Class 4 17 17 16 96 71 0 0 2 0 344 635 899

Number of Sales Trimmed 0 0 0 0 4 1 0 0 0 0 52 54 99

Number of Sales Used in Ratio 4 17 17 16 92 70 0 0 2 0 292 581 800

Weighted Mean Ratio 0.9691 0.9783 0.9949 0.9671 0.9814 0.9536 #DIV/0! #DIV/0! 1.1107 #DIV/0! 0.9808 0.9907 0.9801

Mean Ratio 0.9555 0.9717 0.9739 0.9581 0.9809 0.9621 #DIV/0! #REF! 1.0948 #DIV/0! 0.9833 0.9906 0.9789

Median Ratio 0.9590 0.9824 0.9930 0.9574 0.9880 0.9642 #DIV/0! #REF! 1.0948 #DIV/0! 0.9928 0.9989 0.9896

Coefficient of Dispersion 6.1522 4.6417 12.1752 7.0295 6.2348 9.1371 #DIV/0! #REF! 2.2379 #DIV/0! 4.1801 4.6051 5.2749

Price Related Differential 0.9860 0.9933 0.9789 0.9907 0.9995 1.0089 #DIV/0! #REF! 0.9857 #DIV/0! 1.0025 0.9999 0.9988

Average Deviation 0.0590 0.0456 0.1209 0.0673 0.0616 0.0881 #DIV/0! #REF! 0.0245 #DIV/0! 0.0415 0.0460 0.0522

Population Variance 0.0058 0.0032 0.0234 0.0066 0.0066 0.0127 #DIV/0! #REF! 0.0012 #DIV/0! 0.0031 0.0039 0.0048

Standard Deviation 0.0762 0.0566 0.1530 0.0812 0.0812 0.1127 #DIV/0! #REF! 0.0346 #DIV/0! 0.0557 0.0624 0.0693

Number of Prop in Population All Cond 105 788 675 771 1935 2556 13 25 44 20 9338 20534 24828

#of Sales Used as % of Population 3.81% 2.16% 2.52% 2.08% 4.75% 2.74% 0.00% 0.00% 4.55% 0.00% 3.13% 2.83% 3.22%

Residential Class SLE SLO SQL SRC STR SWC

Condition AVG ALL ALL ALL ALL ALL

Lower Trimming Limit 0 0.5822 0.7086 0.852 0.6986 0.8913

Upper Trimming Limit 0 1.2507 1.231 1.1224 .1.2895 1.0953

Total Number of Sales in Class 4 41 135 120 14 18

Number of Sales Trimmed 0 2 8 6 2 4

Number of Sales Used in Ratio 4 39 127 114 12 14

Weighted Mean Ratio 0.9811 0.9259 0.9831 0.9938 0.9853 0.9992

Mean Ratio 0.9750 0.9291 0.9701 0.9921 0.9952 0.9977

Median Ratio 0.9771 0.9590 0.9861 0.9924 0.9995 1.0058

Coefficient of Dispersion 2.2720 8.2169 7.4333 4.1213 6.9635 1.9686

Price Related Differential 0.9938 1.0035 0.9868 0.9983 1.0100 0.9985

Average Deviation 0.0222 0.0788 0.0733 0.0409 0.0696 0.0198

Population Variance 0.0007 0.0106 0.0091 0.0031 0.0089 0.0008

Standard Deviation 0.0265 0.1030 0.0954 0.0557 0.0943 0.0283

Number of Prop in Population All Cond 50 1486 4303 1398 333 988

#of Sales Used as % of Population 8.00% 2.62% 2.95% 8.15% 3.60% 1.42%

SCHOOL DISTRICTS

SCHOOL DISTRICTS

8/23/2018 4:58 PM

2018 CERTIFIED RESIDENTIAL SALES BY CLASSSALES 4/1/2017 THRU 4/2/2018

Residential Class 1F 2F 2+F 3F 3+F 4F 4+F 5F 5+F 6F 6+F All Classes All Classes

Condition ALL ALL ALL ALL ALL ALL ALL ALL AVG AVG ALLNumber of Sales Used 8 66 60 69 28 12 4 1 0 0 0 580 797Weighted Mean Ratio 0.9278 0.9148 0.9548 0.9610 1.0067 0.9809 0.9692 0.8669 0.9906 0.9801Mean Ratio 0.9497 0.9421 0.9569 0.9790 1.0031 0.9812 0.9968 0.8669 0.9902 0.9790Median Ratio 0.9399 0.9610 0.9588 0.9895 0.9938 0.9877 0.9887 0.8669 0.9987 0.9896Coefficient of Dispersion 10.6501 11.9875 6.9462 9.6513 3.7835 6.6619 5.5527 0.0000 4.6260 5.2648Price Related Differential 1.0236 1.0298 1.0022 1.0187 0.9964 1.0003 1.0285 1.0000 0.9996 0.9989Average Deviation 0.1001 0.1152 0.0666 0.0955 0.0376 0.0658 0.0549 0.0000 0.0462 0.0521Population Variance 0.0237 0.0211 0.0077 0.0168 0.0027 0.0091 0.0072 #DIV/0! 0.0039 0.0047Standard Deviation 0.1539 0.1453 0.0877 0.1296 0.0520 0.0954 0.0849 #DIV/0! 0.0624 0.0686Number of Prop in Population All Cond 1023 4557 3649 2297 661 351 134 28 6 2 0 20533 24826# OF SALES TRIMMED OUT 0 2 0 2 3 0 1 0 0 0 54 100

Residential Class 1M 2M 2+M 3M 3+M 4M 4+M 5M 5+M 6M 6+M

Condition ALL ALL ALL ALL ALL AVG ALL ALL ALL AVGNumber of Sales Used 0 10 35 314 97 91 29 8 2 1 0Weighted Mean Ratio #DIV/0! 1.0553 0.9162 0.9773 0.9858 1.0084 0.9854 1.0106 1.0024Mean Ratio #DIV/0! 1.0823 0.9145 0.9788 0.9890 1.0137 0.9923 1.0083 1.0011Median Ratio 0.0000 1.0166 0.9410 0.9905 0.9989 1.0000 0.9973 0.9947 1.0011Coefficient of Dispersion #DIV/0! 18.6406 11.1052 4.0081 4.8654 6.0900 5.4748 3.6594 0.7991Price Related Differential #DIV/0! 1.0256 0.9981 1.0015 1.0032 1.0053 1.0070 0.9977 0.9987Average Deviation 0.0000 0.1895 0.1045 0.0397 0.0486 0.0609 0.0546 0.0364 0.0080Population Variance #DIV/0! 0.0567 0.0162 0.0027 0.0043 0.0065 0.0054 0.0049 0.0001Standard Deviation #DIV/0! 0.2381 0.1273 0.0520 0.0656 0.0806 0.0735 0.0700 0.0100Number of Prop in Population All Cond 17 967 1668 5553 1737 1400 548 162 44 18 4# OF SALES TRIMMED OUT 0 0 2 40 6 1 0 0 0 0 0

# OF SALES = TRIMMED SALES

FRAME CLASSES

MASONRY CLASSES

FRAME AND MASONRY

COMBINED

8/23/2018

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2018 Mass Appraisal Report

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