The value of taxable property in Wood County rose by $400 million or just over 10%, since 2020.

Certified property values from the Wood County Appraisal District, announced last week, show the taxable value of all properties at $4,245,257,877 compared to $3,844,854,327 a year ago.

Overall values improved despite a drop in mineral values of $73 million in the last year, down to $268 million. Mineral values include oil reserves, primarily in the southeastern part of the county.

Land values also rose from $1,982,193,566 to $2,183,462,947. That included homesites which grew in value from $275 million to $331 million.

Agricultural land values improved more than $48 million to $953 million and timber land values increased $31 million to $439 million.

All other land grew in value by $66 million to $459 million.

Home values jumped $300 million to more than $2.1 billion while other improvements increased $115 million to $973 million.

Business personal property rose $36 million to $618 million.

The Mineola school district saw its tax base grow by $70 million to $634 million. Home values reached $411 million, an increase of almost $50 million.

Land values grew by $14 million and non-home property improvements jumped $30 million.

Quitman ISD property values of $508 million are up by $48 million. Land values are up $36 million and improvements grew by $58 million. Homes accounted for $43 million of that.

Alba-Golden school values reached $290.9 million, an increase of $45 million. Land values grew by $39 million and home values by $44 million, reaching $272 million.

Hawkins ISD values were impacted by mineral values which fell from $215 million to $161 million. The overall taxable values dropped $3.5 million to $623 million.

Winnsboro ISD taxable values of $419.7 million rose by almost $44 million.

Yantis ISD values reached $309 million, growing by $43 million. Home values went from $246 million to $299 million.

A drop in personal property of $2.8 million left the city of Alba with slightly lower values. Property values are pegged at $24.1 million compared to $24.6 million a year ago.

The city of Hawkins also experienced a slight decline, thanks to a $10 million drop in mineral values to $28 million. The total certified values of $90.7 million are down by less than $1 million as improvements jumped by $11 million.

Taxable values in the city of Mineola jumped almost $40 million to $328 million. Homes grew by $19 million and homesites by $2 million. Non-homesite improvements jumped $27 million.

Quitman saw city property values rise $12 million to $120 million. Improvements grew $13 million including $9 million for homesites. Land values were up $3 million.

Winnsboro taxable values grew $17 million to $168 million.

Land values in Yantis jumped almost 50% to $7.8 million, and overall taxable values improved by $1.8 million to $19.2 million.

The market value of taxable property in Wood County was set at almost $6.2 billion. Agriculture productivity lowered that figure by $1.3 billion while the cap on homestead exemptions dropped it another $175 million and other exemptions lowered the taxable value by $433 million.