By LIBBY CLUETT | lcluett@mineralwellsindex.com
PALO PINTO COUNTY – The 2012 Palo Pinto County certified appraisal roll seems to resemble a roller coaster – a drop in taxable values in some areas and a rise in others.
Most notable was the drop in value of properties devastated by natural disaster during the 2011 fire season.
The roll certifies a taxable property value of $2.506 billion for Palo Pinto County; however, a market value of another $94.9 million remains tied up in protest, which could free up more taxable value.
Chief Appraiser Donna Rhoades estimates that the county could wind up with 61 percent to 81 percent of these protested values if the appraisal review board hearings follow the same percent change as 2011. Last year $151 million in market value was tied up in protests. Once hearings were finished, the county had another $123.75 million in taxable value added to the roll.
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