Weatherford Democrat

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June 21, 2013

County property values up 2.5%

Parker County Appraisal District provides preliminary values to taxing districts

(Continued)

In the Aledo ISD, values are up 5.15 percent, with 3 percent due to $56 million in new construction. In the City of Aledo, values are up 8 percent, with 3.9 percent due to $6.2 million in new construction.

“A lot of homes have increased in value in Aledo,” Hammonds commented. “It’s just the market. Aledo’s the hot place to live in Parker County.”

The City of Willow Park is projected to have a 3 percent increase in value, with 2.9 percent of it coming from about $9.4 million in new construction.

In the Springtown ISD, values are up 0.5 percent — with a 2 percent increase due to $11.8 million in new construction. The district lost some valuation due to lower reappraisals that were based mainly on the foreclosure and repossession of mobile homes, Hammonds said. The City of Springtown was up 2.5 percent over all, with a 1.5 percent increase due to $1.6 million in new construction, again reflecting a loss in value related to lower mobile home reappraisals.

The Brock ISD experienced a 9.6 percent overall decrease in values, despite a 2 percent increase due to $7.1 million in new construction, because Green Field Energy, a fracking yard worth $45 million, moved out of the county, Hammonds said.    

The Peaster ISD went up 2 percent in value, and the Millsap ISD was virtually unchanged in value. The City of Millsap had no change in appraisal values, because a 2.9 percent increase due to new construction was offset by a loss from lower existing reappraisals.

The Garner ISD went up 1.8 percent in value, with a 0.75 percent increase due to $2.1 million in new construction.

In the Poolville ISD values are up 3.1 percent, with 2.8 percent due to $1.2 million in new construction.

“Parker County has really survived very well,” Hammonds said, reflecting on the long-term economic downturn. “There’s a good economic base; we haven’t lost a lot of value, and the values are only going to increase from this point.

“We’re seeing more sales occurring, more people looking for property. The growth is slow and steady, more sustainable than in New Jersey and California, where there were huge property increases all at once, so they fell a lot.”

Hammonds said he was not aware of appraisal figures statewide, which will be communicated by the comptroller’s office later in the year.

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