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Appraisal District's cards show how to check tax rate information

Appraisal District's cards show how to check tax rate information
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Property appraisal in Wichita County see increases in values

Total property tax appraisals for governing bodies in Wichita County are in. As expected, they increased significantly.
Chief Appraiser Lisa Stephens-Musick said countywide property was appraised at an adjusted value of $7.82 billion. That includes both real estate and personal property. The figure is a 5.08 percent increase over the 2020 figure.
The City of Wichita Falls total adjusted value is $5.745 billion, a 5.3 percent increase.
The Wichita Falls Independent School District value is $4.468 billion, a 4.9 percent increase.
Most taxing entities in the county saw increases, usually in the four- to five-percent range. Electra and its schools were the exception. Lower oil and gas revenue there drove the numbers down. ....

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Appraisal district hit with calls after property values mailed

Appraisal district hit with calls after property values mailed
Real estate values were significantly higher than in previous years, which means homeowners may pay higher taxes.
Yesterday was pretty active, Chief Appraiser Lisa Stephens-Musick said Tuesday. I suppose some folks were more on edge than in prior years because of media coverage.
A shortage of homes on the market, a slowdown in construction caused by COVID-19, and low interest rates are among the reasons real estate values shot up. Some properties in Wichita Falls rose in value by 20 percent or more.
Across Wichita County, taxable real estate was valued at $6.4 billion this year, which is up from $5.9 billion in 2020. ....

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