What is assessed valuation?
Assessed valuation is the term given to the total property wealth of the district. This amount is determined by the value of homes, businesses, farmland and all other real estate in our district boundaries. The calculation for assessed valuation is based on a formula set by state statute. This formula is applied to the appraised value of the property. The appraised value is the total value of the property as determined by the county appraiser's office. The chart on this page shows assessed valuation for the general fund.