Certified property values were sent to Wood County taxing entities last week, and while most will have at least some additional value to work with when setting this year’s property tax rates, others will actually have less.

Overall market values for the county are up a half-billion dollars over 2023, but that doesn’t necessarily translate to higher values across the board.

The market value of all properties on the county’s tax roll was certified by the Wood County Appraisal District as $9,507,327,419, almost $500 million more than last year.

But by the time adjustments are made to the tax roll, the increase in taxable values rose only $90 million to $4,229,613,296.

The largest reduction in taxable values is generally the agriculture exemption, which values property based on productivity rather than market value.

The county tax values were reduced more than $2.2 billion for ag production.

The annual cap on homestead values resulted in another $550 million loss while tax exemptions reduced the total almost $1.4 billion. Frozen taxes accounted for another $1 billion reduction.

Among cities, Alba’s market value rose $1.4 million to $44,588,190 while the tax value increased just over $1 million to $35,276,577.

The city of Hawkins taxable values fell from $143,502,826 last year to $135,218,623 in 2024. The market value dropped by $5.7 million to $179,396,455.

The city of Mineola will actually have a few less dollars of value to tax. Overall values declined $4 million to $574,546,048 while the taxable value dropped almost $1.2 million to $368,802,776.

The city of Quitman will have about $10 million in additional value to work with. The taxable value rose just over $10 million to $158,410,506 while the market value increased $3.7 million to $253,196,302.

Winnsboro saw a slight increase in its taxable value to $223,296,227 despite an increase in the market value of $14.5 million to $364,422,543.

The city of Yantis’s market value rose more than $5.6 million to $51,364,816 while the taxable value increased to $32,610,456, a gain of more than $3.3 million.

For school districts, Alba-Golden’s taxable value increased more than $31 million to $400,033,532 while the market value rose $48 million to $1,099,108,337 (Wood County values).

The taxable value for Hawkins ISD is down $60 million to $838,284,356

Although the overall market value increased $6.6 million to $1,517,186,498, the district suffered a loss of almost $69 million in mineral values to $257,959,530.

Mineola ISD will also have fewer dollars to work with. Last year’s taxable value of $812,811,519 fell to $805,425,638 although the overall market value did increase $29 million to $1,665,348,962

A market value increase of $132 million in Quitman ISD to $1,756,745,594 helped the district’s taxable value to rise $54 million to $672,921,274.

Winnsboro ISD shows a $44 million increase in taxable values to $556,607,993 while the market value increased $151 million to $1,507,166,848.

Yantis ISD’s taxable value of $409,891,496 is up $9.3 million while the market value rose $78 million to $1,015,835,187.