2020 Annual Report The Grayson Central Appraisal District

2020 Annual Report

• The Grayson Central Appraisal District (CAD) is a political subdivision of the State of Texas created effective January 1, 1980. The provisions of the Texas Property Tax Code govern the legal, statutory, and administrative requirements of the appraisal district. A five-member board of directors (BOD), appointed by vote of the governing bodies of the taxing authorities in the district, constitutes the district’s governing body. The Tax Assessor/Collector serves as an ex-officio member of the board. Appraisal Districts are independent of the taxing units but are governed by the BOD. The board primary functions are in hiring the Chief Appraiser, administrative policy and adopting a budget. The specific duties are detailed in the Texas Property Tax Code. • The chief appraiser, appointed by the board of directors, is the chief administrator and chief executive officer of the appraisal district.

“The Primary Mission of Grayson Central Appraisal District is to provide quality service with the highest standards of professionalism, integrity, and respect. We will strive to uphold these standards for the property owners of Grayson County while providing an accurate, fair, and cost-effective appraisal roll to the taxing entities in compliance with the laws of the State of Texas. ”

• Grayson Central Appraisal District is responsible for the appraisal of all Real property and tangible business personal property for all of the taxing units within Grayson County for Ad Valorem taxation. • In the State of Texas, the appraisal date for Ad Valorem taxation is generally January 1 st of each given year, or September 1 st for certain inventories as defined in section 23. 12 of the Texas Property Tax Code. Property must be appraised at its fair market value as of January 1 st.

The property tax code defines market value as: The price at which property would transfer for cash or its equivalent under prevailing market conditions if: a. ) Exposed for sale in the open market with a reasonable time for the seller to find a purchaser; b. ) Both the seller and the purchaser know of all the uses and purposes to which the property is adapted and for which it is capable of being used and of the enforceable restrictions on its use; and c. ) Both the seller and purchaser seek to maximize their gains and neither is in a position to take advantage of the exigencies of the other.

Grayson County In 2020, the appraisal district appraised 106, 707 parcels of property with a total market value of $18, 606, 722, 344. All appraisals are completed by the internal staff and contract appraisers with all properties in the county being inspected at least once every three years. Typical properties within the district include over 50, 000 residential and more than 4, 500 commercial / industrial properties.

State Code Description A B C 1 D 2 E F 1 F 2 G 1 J 2 J 3 J 4 J 5 J 6 J 7 L 1 Single Family Residence Multifamily Residence Vacant Lots and Land Tracts Qualified Open-Space Land Improvements on Qualified Open-Space Land Rural Land, Non Qualified Open Space Land Commercial Real Property Industrial and Manufacturing Oil and Gas Water Systems Gas Distribution System Electric Company Telephone Company Railroad Pipeland Company Cable Television Company Commercial Personal Property L 2 M 1 O S X Industrial and Manufacturing Personal Property Tangible Other Personal, Mobile Homes Residential Inventory Special Inventory Tax Totally Exempt Property Total (some parcels contain multiple State Codes) Count 46, 068 924 9, 209 12, 965 4, 238 7, 773 3, 994 126 14, 149 38 44 116 87 75 268 26 5, 623 440 1, 734 1, 714 145 7, 040 Market Value $ $ $ $ $ 6, 972, 012, 394 365, 580, 088 280, 751, 810 3, 449, 950, 192 83, 233, 611 1, 367, 590, 516 1, 784, 446, 473 594, 741, 191 131, 208, 255 2, 715, 899 37, 446, 738 170, 796, 962 14, 502, 752 97, 374, 513 205, 204, 866 10, 755, 155 631, 336, 450 $ 841, 478, 921 $ 62, 252, 070 $ 82, 971, 579 $ 62, 446, 150 $ 1, 357, 925, 759 $ 18, 606, 722, 344

Cable Television Company 0. 02% Commercial Personal Property 4. 68% Pipeland Company Railroad Telephone Company Electric Company 0. 22%0. 06% 0. 07% 0. 10% Distribution by Category Industrial and Manufacturing Personal Property 0. 37% Residential Inventory 1. 42% Totally Exempt Property Special Inventory 5. 83% Tax Tangible Other Personal 1. 38% 0. 12% Single Family Residence 38. 19% Gas Distribution System 0. 04% Oil and Gas 14. 86% Water Systems 0. 03% Industrial and Manufacturing 0. 10% Commercial Real Property 3. 37% Rural Land, Non Qualified Open Space Land 6. 45% Improvements on Qualified Open-Space Land 3. 51% 10. 74% Multifamily Residence 0. 77% Vacant Lots and Land Tracts 7. 65%

Most of the tax units offer some level of homestead exemption to residential homesteads in the county. All schools are required to grant a $25, 000 value exemption to regular homesteads and an additional $10, 000 of value to Over-65 and disabled persons. Other tax units may grant a percentage homestead up to 20% based on annual decisions by their governing body or voters. In addition, any amount of exemption may be set by tax units for the Over-65 or disabled including schools that would add on to the state mandated exemptions. Homestead Exemption applications along with many other state prescribed applications and forms can be found on our website at: http: //www. graysonappraisal. org/forms/

Who keeps us in check? • Property Owners • Texas Comptroller of Public Accounts • Property Tax Assistance Division • Board of Directors

We know your time is valuable so we want to make it as easy as possible to discuss your concerns with us. We now offer appointment scheduling for property owners to set aside a time to visit with us. Now all property owners have the opportunity to file protests online through our website with a new user friendly portal and the ability to upload documents and evidence from the comfort of your home.

Appraisal Practices are governed by the Texas Property Tax Code and rules established by the Texas Comptroller of Public Accounts. The Property Tax Assistance Division (PTAD) conducts a Property Value Study and a Methods and Assistance Program review of policy and procedure in alternating years. Results of both reviews are available on the Comptroller’s website. We s core poss d 79 ible o poin ut of 8 2019 0 ts on MAP the Revi ew… y l t n rre tion u c are forma e W. n i … g S n V i P d i 0 prov the 202 for Grayson Central Appraisal District was found to be appraising property at a 99% Median Level of Appraisal by the PTAD in the most recent Property Value Study and scored 99% on the last MAP Review https: //comptroller. texas. gov/taxes/propertytax/pvs/2018 p/091 index. php https: //comptroller. texas. gov/taxes/propertytax/map/2019/grayson-2019. pdf

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