Subhead
State gives appraisal district two years to correct low valuations
The Lampasas Central Appraisal District has received notice that property values within its jurisdiction have been appraised “well below” required levels.
The Texas comptroller’s office conducts a Property Value Study, mandated by state law, to determine the total taxable value of all property in each school district at least once every two years. The results are used to ensure equitable…