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County Tax Values Up 7.5 Percent On Year

Property values on the tax rolls in Colorado County are showing an overall increase of 7.5 percent, more than double last year’s increase, certified figures from the Colorado County Appraisal District show.

Property values in the county are $1.89 billion, an increase of $132.2 million from last year.

That is a healthy increase, compared to last year when property values increased overall by 2.5 percent.

The biggest increase in values came in industrial property, where values increased by 65.9 percent, or $72 million, for a total value of $181,399 million.

Industrial personal property also increased by 10.4 percent or $16.3 million to a total of $173.3 million.

There was also 6.46 percent increase in rural improvements, with an increase of $32.9 million, including $17.7 million in new improvements, for a total value of $542.2 million.

Single family residences increased by 2.79 percent, amounting to an increase of $12.8 million, which included $7.7 million in new values. Total value of single-family residences in the county was $475 million.

Overall in the county there was a decline of 4.34 percent in oil and gas values, for a total of $163.9 million.

In the Weimar School District, certified values show an increase of 12.8 percent, or $32.2 million, for a total of $282.4 million.

In the Weimar District, new residential construction totaled $ 1.2 million.

Oil and gas values in the Weimar district increased by $21.4 million, or 216 percent, to a total value of $31.3 million.

For the city of Weimar, property values showed an increase of 4.65 percent, or $5.5 million.

The new Love’s Travel Stop was added to the 2014 tax rolls with a total value of $4.5 million.

In the Rice School District, property values increased by 14.11 percent, or $78.9 million, for a total value of $638 million.

Most of the increase was due to the industrial property values increasing $61.7 million or 71.2 percent.

The Copano plant near Sheridan added $60 million in value through an expansion project.

Oil and gas values in the district decreased by $9.7 million.

Total value of oil and gas in the district is certified to be $77.3 million.

For the City of Eagle Lake, property values increased by 4.04 percent or $3.5 million, for a total certified value of $91.8 million.

Industrial values in the city increased by $1.1 million or 178 percent to a total of $1.7 million. Commercial personal property increased by $1.6 million to $8.2 million, an increase of 24.87 percent.

In the Columbus School District, total values increased by 3.5 percent, or $26.8 million for a total value of $791.5 million.

Residential values in the Columbus district increased by 3.32 percent or $8.8 million, for a total value of $ 274.9 million.

In the city of Columbus, property values increased by 2.86 percent or $7.2 million for a total certified value of $258.7 million.

The new KW Industrial plant near Columbus added $12 million to the property values.   [-end of story-]

 

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