POSTED: Tuesday, March 6, 2012 - 6:52pm
UPDATED: Tuesday, March 6, 2012 - 6:52pm
The Texas Comptroller’s Property Tax Assistance Division Preliminary findings show Cass County Appraisal District’s values are too low for 2011.
Cass County Chief Appraiser Leann Lee said McLeod ISD and Bloomburg ISD’s local taxable values were found to be invalid, and state value was certified because local value did not exceed the state value and is less than 90 percent of the lower end of the margin of error range.
“Bloomburg and McLeod’s school funding from the state could be impacted this year because the comptroller’s office has determined our local values are too low,” Lee said.
Hughes Springs ISD, Linden-Kildare CISD, Avinger ISD, and Atlanta ISD values were also considered too low, but not out of the acceptable range so they are in their first year of grace, Lee said.
“Their values are low but not less than 90 percent,” she explained. “Their school funding from the state is not in jeopardy this year.”
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