![]() ![]() A protest form will be included as well as instructions on how to file a protest online. Notices of Appraised Value will be delivered to taxpayers whose value has increased by at least $1,000 in late April and early May. Also, for homesteaded properties whose owners are 65 or over or disabled, their school taxes are capped so nothing will change for them on their school taxes, regardless of the value increases.” “Persons with a homestead exemption are limited to a 10% increase in taxable value from the prior year, and that will help to restrict major tax increases for homeowners. “There is some good news for local taxpayers,” said Herrera. This is down from a 43% average increase in 2022 from 2021″. We are currently seeing an average increase of about 20% – 25% throughout the county from 2022. We consistently analyze the local real estate market and have observed a deceleration in the volume of sales, but have not yet observed a decline in overall sale prices. District values were increased over $1 billion last year in Boerne ISD and $222 million in Comfort, but the market changes were unprecedented and the state has determined that we missed the mark. This means that we will have to increase values again this year after large increases in the past two years. Comfort ISD is in their 2 nd year of grace and did not file an appeal.ĭeliberating the results, Jana Herrera, Chief Appraiser for Kendall Appraisal District stated, “It is sobering news for property owners in Kendall County. Each school district is allowed 2 years of grace period by the Comptroller. An appeal has been filed by attorneys for Boerne ISD, but the differences are so substantial that the appeals are unlikely to result in valid findings for the ISD and if so, this will mark the 4 th consecutive year of invalid findings by the Comptroller for Boerne ISD. ![]() Overall values in Comfort were assigned total values of $1,215,929,962 compared to local values of $1,026,163,438.įor affected schools, the results mean potential losses of state funding. In Comfort ISD, state values also came in well above local values with homes on lots being set by the state at $586,738,466 compared to local values of $512,105,333. The overall values of all property in Boerne ISD were assigned by the state at $8,217,388,634 while local values totaled $7,169,488,687. Commercial property value was also behind state values by $472 million. Additionally, the study indicated that the locally determined 1-d-1 productivity values of $7,215,939 were well below the state assigned values of $8,641,476. The value for homes on acreage was set at $736,829,895 compared to the locally determined value of $664,178,467. The determination made by the Comptroller’s Office was that the increase would have had to be twice that in order for residential property to meet the confidence interval threshold. The local value represented an increase of over $1 billion from 2021. For homes on lots, the state comptroller set the total value at $7,226,115,807 compared to the local value, as measured by the appraisal district, of $6,381,382,869. In Boerne Independent School District (ISD), market sales of homes and rural land, as well as 1-d-1 productivity values (Ag and Wildlife Management) were the chief contributors to the failure. The SDPVS is performed by the Property Tax Assistance Division of the Office of the Comptroller of Public Accounts. The appraisal district and local schools learned of the School District Property Value Study (SDPVS) results in early February. The ratio of appraisal district value to market value is mandated by state law to be in the range of 95% – 105%. Schools in Kendall County are again faced with losing state funding because the locally appraised values of homes and businesses did not reach the minimum threshold of 95% of market value for the 2022 tax year. ![]() KENDALL APPRAISAL DISTRICT VALUES FALL BELOW STATE ASSIGNMENT ![]()
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