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Preliminary residential/commercial property values up in Jefferson County
JEFFERSON COUNTY - Preliminary residential and commercial property values in Jefferson County have increased for BISD, as well as the county and all of the cities, according to information KFDM News obtained Tuesday from the Jefferson County Appraisal District.
Watch KFDM News at 6 for more on the story.
Preliminary values for the county increased 4.8%. They increased 3.58% in BISD and 6.48% in PAISD. Values were up 3.2% in Beaumont and 8.5% in Port Arthur. How much you pay in property taxes is based on tax rates set by the different governmental entities, usually during the summer.
Fred Jackson in the office of County Judge Jeff Branick told KFDM News the increase in preliminary residential and commercial values is good news. He says it should allow the county to hold the line on the tax rate.
"Budget hearings begin in July," Jackson told KFDM. "Commissioners Court will set the effective tax rate. I would anticipate, although I haven't talked with anyone, they'll try to hold things the same. They'll look at our budget needs, what we're requiring in capital projects. We put off many projects in those lean years. They may want to address those. There are many considerations in the budget. This gives us more flexibility. We're blessed to have industrial and residential development we've enjoyed. We want that to continue."
The industrial appraised values should be released soon. Jackson says some industrial properties will come off abatements in the next year or two. That will add to the tax roll and mean additional payments.
You can contest the appraised value. Protest hearings begin in June.