Annual Report. Appraisal Year

Transcription

1 D A L L A S Annual Report 2015 Appraisal Year C E N T R A L A P P R A I S A L D I S T R I C T

2

3 Dallas Central Appraisal District October 2015 It is my pleasure to present the Annual Report of the Dallas Central Appraisal District (DCAD). This Annual Report for 2015 endeavors to provide specific information about the operations of the DCAD. The report has been designed to provide the reader a summarization of information which is published and printed in many different formats by the appraisal district. It highlights the results of our appraisal operations, our taxpayer assistance programs, our financial stewardship, the appeals process, and statistical comparisons from the Property Tax Assistance Division Property Value Study. The Dallas Central Appraisal District strives to be one of the premier governmental organizations in the State of Texas and the United States. In 2013 DCAD received the Certificate of Excellence in Assessment Administration from the International Association of Assessing Officers. This certificate is good for five years and recognizes governmental units utilizing best appraisal and assessment practices in their offices. In addition DCAD once again received a perfect score on the Methods and Assistance Review conducted by the Property Tax Assistance Division of the State Comptroller s Office for This marks the third time we have received a perfect score. The DCAD works hard to provide equality and uniformity to the citizens of Dallas County and the sixty-one entities represented who rely upon our work and expect our operation to be efficient, timely, and accurate. The DCAD also works with the State Comptroller s Property Tax Assistance Division to assure that school districts receive accurate appraisal values for setting the basis for school funding. Finally, the DCAD has a high commitment to customer service. We strive to serve greater Dallas County with professionalism and integrity in all aspects of our operations. In 2015, DCAD once again successfully certified a timely and accurate appraisal roll and finished the year with a budget surplus. We believe it is our highest priority to not only efficiently serve our participating taxing units, but to humbly serve the citizens of Dallas County and provide an accurate and fair appraisal roll so that the tax burden can be equitably distributed. I thank you for taking time to review this Annual Report and hope that you can gain insight into the operations of the Dallas Central Appraisal District. Sincerely, W. Kenneth Nolan Executive Director/Chief Appraiser Office of the Chief Appraiser Dallas Central Appraisal District 2949 N. Stemmons Fwy. Dallas, Texas 75247

4 Dallas Central Appraisal District ENTITIES SERVED (61) DALLAS COUNTY DALLAS COUNTY HOSPITAL DISTRICT DALLAS COUNTY COMMUNITY COLLEGE DISTRICT CITIES ISD S Addison Grapevine Carrollton/Farmers Branch Balch Springs Highland Park Cedar Hill Carrollton Hutchins Coppell Cedar Hill Irving Dallas Cockrell Hill Lancaster DeSoto Combine Lewisville Duncanville Coppell Mesquite Ferris Dallas Ovilla Garland DeSoto Richardson Grand Prairie Duncanville Rowlett Grapevine/Colleyville Farmers Branch Sachse Highland Park Ferris Seagoville Irving Garland Sunnyvale Lancaster Glenn Heights University Park Mesquite Grand Prairie Wilmer Richardson Wylie Sunnyvale Dallas County Schools SPECIAL DISTRICTS Dallas County Flood Control District #1 Irving Flood Control District I Dallas County Utility Reclamation District Irving Flood Control District III Northwest Flood Control District Grand Prairie Metro URD Valwood Improvement Authority Lancaster Municipal Utility District #1 Denton County Levee Improvement District #1 Denton County Road Utility District #1 BOARD OF DIRECTORS The Board of Directors of the Dallas Central Appraisal District consists of five voting members and one nonvoting member. The Directors are appointed or elected by the County of Dallas, the City of Dallas, the Dallas Independent School District, all other suburban cities in Dallas County, and all other suburban independent school districts in Dallas County. The non-voting member is the current Tax Assessor-Collector for Dallas County. Board members include: Andy Trujillo (City of Dallas) Elizabeth Jones (Dallas Independent School District) John Warren (County of Dallas) Michael Hurtt (Suburban Cities) Steve Pryor (Suburban School Districts) John R. Ames (Dallas County Tax Assessor-Collector)

5 General Statistical Information FY 2013 FY 2014 FY 2015 Financial Budget $21.5 million $21.9 million $23.0 million Dallas County Market Value $216.3 billion $229.9 billion $247.7 billion DCAD Number of Parcels 817, , ,028 Residential 644, , ,470 Commercial 74,168 74,460 74,531 Business Personal Property 99,030 99, ,027 Number of Personnel Office of Chief Appraiser Administrative Services Legal Services Information Technology Appraisal Services Professional Staff Designations Registered Professional Appraisers (RPA) Administration/management Field Registered Tax Assessor-Collector LEGISLATIVE ACTIVITIES The 84 th Texas Legislature met in 2015 and several bills were passed that have an effect on the operations of the Dallas Central Appraisal District. Bills of significance included: SB 1760 relating to the transparent and equitable application of ad valorem taxation procedures; SB 1/SJR1 relating to certain restrictions on the imposition of ad valorem taxes and the duty of the state reimburse certain political subdivisions for certain revenue loss (changing school exemption amount from $15,000 to $25,000); SB 849 relating to access to and fees associated with binding arbitration of ARB orders; SB 46 relating to the confidentiality of certain property tax appraisal photographs; SB 1420 relating to notices of appraised value sent to the property owners by the chief appraiser; SB 273 relating to certain offenses relating to carrying concealed handguns on property owned or leased by a governmental body; HB 992/HJR 75 relating to the exemption from ad valorem taxation of the total appraised value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran; HB 394 relating to the information in ad valorem tax appraisal records that may not be posted on the Internet of an appraisal district; HB 1463 relating to the procedure for canceling an exemption from ad valorem taxation of the residence homestead of an individual who is 65 years of age or older; and HB 1464 relating to the procedure for determining that certain land is no longer eligible for appraisal for ad valorem tax purposes as agricultural or open-space land.

6 Appraisal Results AY 2013 AY 2014 AY 2015 The appraisal function for Dallas CAD is segregated into 4 divisions - Residential, Commercial, Business Personal Property (BPP), and Property Records / Exemptions (PRE). There are 120 appraisal registrants within Dallas CAD. New Construction and miscellaneous permit statistics are based on building permits received from the cities in Dallas County that result in an inspection or office review. New Construction denotes a new improvement and miscellaneous permits typically include repair permits, finish-out permits, and demolition permits. Physical site visits typically occur on any building permit issued by a city that affects value as well as any property that was partially complete as of January 1 of the prior appraisal year. Reappraisal statistics are based on those neighborhoods and properties that have been targeted for reappraisal. Neighborhoods targeted for reappraisal are based primarily on ratio study analysis comparing sale prices to appraised values. Programmatic Reappraisal occurs in homogeneous neighborhoods where digital photography and aerial photography can be utilized in the valuation process as opposed to an actual physical inspection. Conventional Reappraisal is where an actual physical inspection takes place. Sales Processing, Income and Expense Processing and a review of all Sold properties in the Commercial file takes place annually to assist in targeting areas (Land Market Areas and Improved Market Areas) and properties for reappraisal. This information is also used to assist Commercial in developing income models for the major property types - Office, Retail, Industrial, Apartments, and Hotels. Business Personal Property targets all new businesses (Adds) and deletes businesses (Inactives) that no longer exist as of January 1. BPP reappraises all businesses on an annual basis and typically undertakes site visits on 33% of all businesses annually. BPP also values aircraft, special inventory accounts, leased equipment companies, utilities and pipelines within Dallas County. The Property Records Exemption Division is responsible for updating all ownership changes annually and administers both partial and total exemption applications. PRE responsibilities also include processing Abatements, TIF s, Historics, Ceiling Tax Transfers, Agricultural valuations, property line metes and bounds changes (AFC) including setting up all new subdivisions. RESIDENTIAL DIVISION: New Construction Growth Projections 2,897 3,737 3,818 Reappraisal Growth Projections: Total Reappraisal 244, , ,290 Conventional reappraisal 111,892 24,949 55,764 Programmatic reappraisal 132, , ,526 % Conventional 45.71% 7.97% 15.74% % Programmatic 54.29% 92.03% 84.26% COMMERCIAL DIVISION: Permits: New construction - average New construction - major New construction - complex New construction - no starts Miscellaneous 4,823 4,530 4,080 Sales processing 2,156 2,467 2,051 I & E processing 2,304 3,064 3,564 Sold properties 4,249 3,485 2,132 BUSINESS PERSONAL PROPERTY DIVISION: Tenant / rendition adds 2,449 2,407 3,358 Field adds - new accounts 7,162 7,236 6,252 Field reappraisal 13,889 12,326 12,073 Complex accounts Inactives 8,142 8,341 7,695 Aircraft reappraisal (hours) Renditions 18,089 22,465 23,216 Renditions - online 5,738 4,878 4,405 Special inventory appraisal (hours) PROPERTY RECORDS / EXEMPTIONS DIVISION: Abatement process Agricultural revaluation 1, Field inspections - partial Field inspections - totals Historic exemption process New additions - in-house 1,487 1,452 1,585 Special use AFCs Splits - in-house 1,142 1,434 1,404 Total exemption process 3,437 3,235 2,998 GENERAL STATISTICAL INFORMATION: Appraisal notices mailed 264, , ,056

7 Taxpayer Appeal Results In accordance with the Texas Property Tax Code, Section 41.44, a property owner and/or an authorized Tax Consultant may file an appeal with the Appraisal Review Board (ARB) of Dallas County. The ARB schedules these appeals for protest hearings and notifies the protesting party of their scheduled hearing before the ARB. The ARB hears all of the protested property accounts and then approves and submits an appraisal roll to the Chief Appraiser. The protest process begins around May 1 and concludes by July 20 of each year. The Chief Appraiser of the Dallas Central Appraisal District (DCAD) then certifies the appraisal roll to the 61 taxing entities of Dallas County who are served by the Appraisal District. The ARB is a quasi-judicial body appointed by the County Administrative Judge. Members are charged with the function of providing an impartial review of the appraisal records prepared by DCAD. The ARB is empowered to equalize values of all properties in DCAD in relation to fair market value and hear taxpayer appeals through scheduled hearings for those who dispute their appraised value. The ARB members do not work for DCAD, but rather arbitrate between the taxpayer and DCAD in order to determine market value. Beginning in 2014, the 90 ARB members are appointed by the Adminstrative District Judge and serve two year terms. AY 2013 AY 2014 AY 2015 ARB STATISTICAL INFORMATION: Telephone calls 32,427 41,020 42,656 Walk-Ins 10,413 13,559 14,701 Informal hearings 22,017 29,225 33,295 Protests received 84,402 94, ,770 Online protests - property owner 5,184 6,887 7,498 Protests scheduled 85,917 98, ,269 Tax consultant protests 68,667 72,818 78,974 Online protests - tax consultants 39,434 43,988 47,386 ARB hearings held 36,766 46,526 49,137 ARB panels utilized Reschedules 3,171 2,092 3,593 ARB hearings with panel value 30,244 37,856 39,840 ARB hearings with dismissal 6,522 8,670 9,297 PROTESTS BY DISCIPLINE: Residential 48,305 57,435 65,416 Commercial 25,058 25,728 26,312 Business Personal Property 10,488 10,881 11,508 Exemptions The ARB keeps statistics on the appeals process tracking protests received, scheduled, heard or resolved. The number of ARB hearing panels tracks the hours of service by the ARB members in this process. The Appeals & Support Division of DCAD is the responsible party for this process. The Division consists of one Manager and 12 Team Leaders and Specialists. LAWSUITS (As of September 30, 2015): Number of lawsuits 1,012 1, Market value in litigation $17.0 Bil $21.2 Bil $19.1 Bil Taxpayer Assistance Results AY 2013 AY 2014 AY 2015 The Customer Service Division is the first point of contact as taxpayers enter the DCAD building or call to make general inquiries. The Division is staffed with a Manager and 10 Customer Service Specialists. CUSTOMER SERVICE DIVISION: Counter Statistics 19,550 17,460 17,039 Media Statistics Phone Statistics 82,324 82,621 79,888 The State Comptroller was charged with the development of an electronic survey that was to be administered locally by each appraisal district. The survey responses were collected for the 2014 ARB process. There were only 7 CADs that received more than 100 responses - El Paso, Montgomery, Brazoria, Jefferson, and Presidio. Dallas CAD received 5 responses. Stats from the 2014 ARB Strongly No Strongly Hearing Process Agree Agree Opinion Disagree Disagree Informative hearing procedures 58.4% 35.0% 6.2% 3.5% 1.9% Hearing procedures followed 58.0% 32.0% 6.9% 1.6% 1.6% Prompt service 56.9% 31.0% 5.6% 3.9% 2.6% Reasonable time to present evidence 60.2% 32.5% 2.5% 2.3% 2.5% Evidence considered thoughtfully 53.3% 24.8% 6.7% 8.9% 6.3% Protest determination stated clearly 58.2% 31.5% 5.0% 3.1% 2.2% Overall, of the 2,515 responsed statewide, the property owners have an excellent impression of the ARB.

8 Financial Results The financial results of the Dallas Central Appraisal District reflect the unwavering focus on conservative fiscal stewardship and optimal utilization of financial and personnel resources. The financial process of DCAD is presented in two different publications the approved Financial Budget and the Audited Financial Statements. The first shows what is planned and the second shows what actually happened. The Financial Budget must be presented to the Board of Directors and the participating entities by February 1 of each year. The Board of Directors holds at least one public hearing by April to receive input on the proposed budget which must be adopted by May 15. The Financial Budget outlines goals, objectives and programs to be accomplished; operating and maintenance expenditures by category codes; personnel breakdown with staffing levels and salary ranges; and a detailed schedule of capitalized equipment to be purchased. The Financial Statements are audited by a third party CPA in accordance with generally accepted auditing standards. The Board of Directors appoints a Budget and Audit Review Committee comprised of two members to review the budget with staff and report any findings or recommendations. The Committee also reviews the draft of the financial audit with DCAD s auditor to review any comments from the auditor s findings and receive any recommendations on the financial operations. In fiscal years 2011 through 2013, Dallas CAD responded to the downturn in economic activity by reducing budgeted expenditures and personnel levels. We are now seeing increased sales and business activity which will necessitate increasing the 2014 and 2015 budgets. FY 2013 FY 2014 FY 2015 Dallas CAD budget $ 21,516,555 $ 21,872,977 $ 23,009,832 Buget change $ - $ 356,422 $ 1,136,855 % Budget change 0.00% 1.66% 5.20% Merit increases 0.00% 3.00% 3.00% Entity salary survey 1.08% 3.13% 2.92% Budgeted personnel BUDGETED REVENUE SOURCES: Entity allocations $ 21,276,555 $ 21,632,977 $ 22,339,832 Transfer funds ,000 Rendition fees 230, , ,000 Other income 10,000 10,000 10,000 Total Revenues $ 21,516,555 $ 21,872,977 $ 23,009,832 BUDGETED EXPENDITURES: Salaries & wages $ 12,377,480 $ 12,315,478 $ 12,980,393 Auto expense 762, , ,140 Supplies & materials 490, , ,421 Operational services 59,460 68,500 75,000 Maintenance of structure 410, , ,928 Maintenance of equipment 256, , ,145 Contractual services 572, , ,539 Sundry expense 300, , ,704 Insurance & benefits 4,627,493 5,030,951 5,544,681 Professional services 1,546,301 1,505,024 1,500,781 Capital expenditures 114, , ,100 Total Expenditures $ 21,516,555 $ 21,872,977 $ 23,009,832 ENTITY FUNDING OF DCAD: From municipalities $ 5,534,969 $ 5,595,043 $ 5,749,805 From school districts 8,649,401 8,826,942 9,143,416 From Dallas County and other county-wide jurisidictions 6,803,874 6,924,253 7,136,996 From special districts 288, , ,615 Total $ 21,276,555 $ 21,632,977 $ 22,339,832 The audited financial statement of the Dallas Central Appraisal District for the fiscal year 2014/2015 reflects a year-end cash balance of $2,315,839. This balance is distributed as shown to the right: Technology improvements $ - $ - $ 25,000 Working capital 500, , ,000 Paid Time Off payments 1,020, , ,841 Refund to member jurisdictions - 423, ,269 Employee Retirement Trust ,161 Future merit payments , ,000 - Retirement Fund COLA - 382, ,000 Capital Improvement Plan 865, , ,568 Total $ 3,245,357 $ 3,363,671 $ 2,315,839

9 Statistics The DCAD Website is one of the premier sources of appraisal information for Texas property tax in addition to having data for individual parcels. Our Website received hits from all over the globe - China, Russia, United Kingdom, to name a few. The numbers to the right are the transactions on our online property owner Web-based applications and mobile Website. Dallas CAD has made a considerable investment in personnel time and financial resources to increase its presence in Webbased processing. DCAD is also using Web-based videos to explain the processes and procedures encountered by the property owners in an effort to be more transparent and open. AY 2013 AY 2014 AY 2015 Total hits 245,601, ,573, ,020,072 Total page views 82,383,780 94,751,327 90,827,245 Total visitors 5,300,036 5,627,887 6,009,167 GIS Mapping total hits 65,622,472 58,130,378 54,231,755 Mobile Website total hits 7,015,272 10,424,615 20,148,899 Appraisal notice lookups 127, , ,484 Ufile protests - owners / consultants 44,618 50,875 54,268 BPP renditions 16,539 16,780 17,162 Online homestead applications 4,136 8,488 8,407 Introduction video 2,495 1,966 2,535 Protest process video 3,049 3,049 2,995 CAD Comparative Results The 2015 data for this section will not be released by the Comptroller until the end of January Therefore, we are presenting the 2014 data. The top 10 CADs account for 55.0% of the total market value in Texas. The top 5 CADs account for 42.1%. The Houston area CADs make up 21.4 percent of the State total. The DFW area CADs make up 21.2 percent. Austin area CADs are 7.7 percent Market Value: Market Value In Billions % of Total Harris CAD $ % Dallas CAD % Tarrant CAD % Travis CAD % Bexar CAD % Collin CAD % Denton CAD % Fort Bend CAD % Williamson CAD % Montgomery CAD % El Paso CAD % STATE TOTALS $ 2,723.4 A useful statistic is comparing the CAD budget to the total taxes levied by the taxing entities. It reflects how much it costs to generate a dollar of property tax revenue which, in turn, indicates appraisal and operating efficiencies. Dallas CAD has the lowest cost per tax levy dollar BUDGET / LEVY COMPARISON: 2014 Tax Levy 2015 Budget % of Levy Harris CAD $ 8,524,596,828 $ 76,577, % Dallas CAD 4,940,649,726 23,677, % Tarrant CAD 3,609,900,717 21,507, % Travis CAD 3,020,254,559 17,149, % Bexar CAD 2,876,754,296 15,870, % El Paso CAD 991,364,185 12,662, %

10 Comptroller PTAD Studies Beginning in 2010, PTAD will alternate between a Property Value Study (PVS) and a Methods and Assistance Program (MAP) review for each CAD. Dallas CAD is having its PVS in 2014 and its next MAP in The charts to the right highlight the most recent data for the top 10 CADs for both the PVS and MAP. The PVS has 2 purposes - to assess the median level of appraisal for each CAD and to determine the taxable value of property for each ISD for school funding purposes. Dallas CAD consistently ranks in the top for the first and always gets local value in the second. ACCURACY OF APPRAISALS (2013 and 2014 Property Value Study): PVS Study Year Median Level of Appraisal Coefficient of Dispersion Harris CAD Dallas CAD Tarrant CAD Travis CAD Bexar CAD Collin CAD Denton CAD Fort Bend CAD Williamson CAD El Paso CAD The Methods and Assistance Program (MAP) had 5 pass / fail questions. The MAP has 4 Mandatory Requirements. MAP also looks at 4 areas of importance which are shown to the right. These areas do not change from one MAP to the next but the number and requirements for the questions do. Presently, questions are tailored for three different tiers of CADs. Since 2010 / 2011 MAP was the initial study for all CADs, the emphasis was on documenting what and how the major functions were accomplished. Were there written policies and procedures in place? Were statutory requirements properly documented? 2013 and 2014 Methods & Assistance Program (MAP): CAD MAP Study Year Governance Taxpayer Assistance Harris CAD 2014 MEETS ALL MEETS ALL Dallas CAD 2013 EXCEEDS EXCEEDS Tarrant CAD 2014 MEETS ALL MEETS ALL Travis CAD 2013 EXCEEDS EXCEEDS Bexar CAD 2013 EXCEEDS EXCEEDS Collin CAD 2013 EXCEEDS EXCEEDS Denton CAD 2014 MEETS ALL MEETS Fort Bend CAD 2013 EXCEEDS EXCEEDS Williamson CAD 2013 EXCEEDS EXCEEDS El Paso CAD 2013 EXCEEDS EXCEEDS The 2012 / 2013 MAP focused upon proper documentation to verify that the "walk matches the talk." Are we properly following the written policies and procedures? Are we training our personnel to be effective and efficient in the administration of the appraisal and customer service functions? Operating Appraisal Stds, CAD MAP Study Year Procedures Methodology Harris CAD 2014 MEETS ALL MEETS ALL Dallas CAD 2013 EXCEEDS EXCEEDS Tarrant CAD 2014 MEETS ALL MEETS Travis CAD 2013 EXCEEDS EXCEEDS Bexar CAD 2013 EXCEEDS EXCEEDS Collin CAD 2013 EXCEEDS EXCEEDS Denton CAD 2014 MEETS ALL MEETS ALL Fort Bend CAD 2013 EXCEEDS EXCEEDS Williamson CAD 2013 EXCEEDS EXCEEDS El Paso CAD 2013 EXCEEDS EXCEEDS

11 Dallas Central Appraisal District Summarization of Appraisal Values and Exemptions Dallas County % OF DESCRIPTION PARCELS AMOUNT MARKET REAL: RESIDENTIAL SINGLE FAMILY 579, ,742,152, % REAL: COMMERCIAL 30,724 50,422,158, % PERSONAL: COMMERCIAL 75,099 24,741,595, % REAL: RESIDENTIAL MULTI-FAMILY 20,327 22,246,033, % REAL: VACANT LOTS / TRACTS 54,899 4,305,256, % REAL: INDUSTRIAL 855 1,355,430, % REAL & TANGIBLE PERSONAL: UTILITIES 1,382 3,178,046, % PERSONAL: INDUSTRIAL 2,659 6,347,635, % OTHER CLASSIFICATIONS 16,276 1,669,346, % MARKET VALUE OF TAXABLE PROPERTIES 781, ,007,655, % REAL: RESIDENTIAL SINGLE FAMILY REAL: COMMERCIAL PERSONAL: COMMERCIAL REAL: RESIDENTIAL MULTI- FAMILY REAL: VACANT LOTS / TRACTS REAL: INDUSTRIAL LESS CAPPED VALUE LOSS 100,041 1,659,073, % LESS AG PRODUCTIVITY VALUE 2, ,734, % APPRAISED VALUE 781, ,594,846,695 LESS PARTIAL EXEMPTIONS: HOMESTEAD 401,278 16,971,152, % AGE 65 OR OLDER 118,840 7,278,303, % FREEPORT 1,361 6,755,699, % DISABILITY 15, ,421, % ABATEMENTS ,605, % 100% DISABLED VETERAN 1, ,048, % DISABLED VETERAN 7,016 55,489, % HISTORIC SITE 1 49,050, % POLLUTION CONTROL ,714, % FREEPORT-IN-PROCESS 2 1,700, % PRORATED TOTAL EXEMPTIONS ,543, % DALLAS COUNTY TAXABLE VALUE 188,875,117, % HOMESTEAD AGE 65 OR OLDER FREEPORT DISABILITY ABATEMENTS 100% DISABLED VETERAN DISABLED VETERAN

12 DALLAS CAD - ANALYSIS OF NEW CONSTRUCTION AND REAPPRAISAL BY ENTITY - TAX YEAR 2015 COMBINED CERTIFIED & DISPUTED EVR's, DATED 7/23/2015, COMPARED TO SUPPLEMENTAL EVR, DATED 7/9/ GRAND TOTAL ENTITY and Entity Code Tax Year 2014 Tax Year 2015 PERCENTAGE CHANGE Market Value Market Value Total Change New Construction Reappraisal Total New Constr Reappraisal COUNTYWIDE ENTITIES Dallas County DC $228,178,964,660 $247,690,537,180 $19,511,572,520 $3,670,502,907 $15,841,069, % 1.61% 6.94% Dallas Co Community College DO 228,178,964, ,690,537,180 19,511,572,520 3,670,502,907 15,841,069, % 1.61% 6.94% Parkland Hospital PH 228,178,964, ,690,537,180 19,511,572,520 3,670,502,907 15,841,069, % 1.61% 6.94% CITIES Addison CA $4,109,992,850 $4,467,102,130 $357,109,280 $11,735,510 $345,373, % 0.29% 8.40% Balch Springs CB 797,300, ,296,500 50,996,270 4,779,269 46,217, % 0.60% 5.80% Carrollton CC 6,170,422,060 6,579,994, ,572,110 76,077, ,494, % 1.23% 5.40% Cedar Hill CH 3,166,064,430 3,386,298, ,233,720 54,808, ,425, % 1.73% 5.22% Cockrell Hill CL 95,769,220 97,249,710 1,480, , , % 0.53% 1.02% Combine OM 14,573,550 14,296,070 (277,480) 20,706 (298,186) -1.90% 0.14% -2.05% Coppell CO 6,820,243,930 7,691,779, ,535, ,061, ,474, % 2.77% 10.01% Dallas DA 114,437,842, ,070,911,210 9,633,068,250 2,005,235,705 7,627,832, % 1.75% 6.67% DeSoto CS 3,321,527,000 3,580,221, ,694,930 73,461, ,233, % 2.21% 5.58% Duncanville CV 1,950,121,560 2,071,064, ,943,000 12,697, ,245, % 0.65% 5.55% Farmers Branch CF 5,250,789,740 5,789,352, ,562,850 78,273, ,288, % 1.49% 8.77% Ferris FE 11,869,180 11,856,230 (12,950) 0 (12,950) -0.11% 0.00% -0.11% Garland CG 12,976,787,840 13,812,956, ,168,620 80,054, ,114, % 0.62% 5.83% Glenn Heights CE 318,716, ,536,970 41,820,200 6,342,922 35,477, % 1.99% 11.13% Grand Prairie CP 6,341,952,040 6,846,369, ,417, ,887, ,529, % 1.61% 6.35% Grapevine GV 270,107, ,626,550 13,519, ,519, % 0.00% 5.01% Highland Park TH 6,105,674,530 6,667,338, ,664,240 78,647, ,017, % 1.29% 7.91% Hutchins CU 434,991, ,514, ,522,890 44,832,930 62,689, % 10.31% 14.41% Irving CI 22,698,848,050 25,026,316,680 2,327,468, ,118,956 1,978,349, % 1.54% 8.72% Lancaster CN 1,935,092,470 2,152,358, ,265,890 31,796, ,468, % 1.64% 9.58% Lewisville LE 88,221,600 77,455,850 (10,765,750) 0 (10,765,750) % 0.00% % Mesquite CM 7,014,885,230 7,380,939, ,054,730 12,483, ,570, % 0.18% 5.04% Ovilla OV 26,825,960 27,599, , , % 0.00% 2.88% Richardson CR 7,839,785,670 8,581,092, ,306,470 73,616, ,690, % 0.94% 8.52% Rowlett CW 3,182,717,060 3,479,708, ,991,170 43,563, ,427, % 1.37% 7.96% Sachse CK 972,348,470 1,113,540, ,191,930 45,146,407 96,045, % 4.64% 9.88% Seagoville CJ 570,631, ,745,070 33,113,980 7,559,291 25,554, % 1.32% 4.48% Sunnyvale TS 1,105,511,190 1,227,502, ,990,940 37,727,955 84,262, % 3.41% 7.62% University Park CQ 9,462,493,140 10,107,763, ,269, ,934, ,335, % 1.55% 5.27% Wilmer CT 412,617, ,927,170 99,310,020 85,910,270 13,399, % 20.82% 3.25% Wylie WY 11,757,210 21,744,510 9,987,300 10,182,044 (194,744) 84.95% 86.60% -1.66%

13 DALLAS CAD - ANALYSIS OF NEW CONSTRUCTION AND REAPPRAISAL BY ENTITY - TAX YEAR 2015 COMBINED CERTIFIED & DISPUTED EVR's, DATED 7/23/2015, COMPARED TO SUPPLEMENTAL EVR, DATED 7/9/ GRAND TOTAL ENTITY and Entity Code Tax Year 2014 Tax Year 2015 PERCENTAGE CHANGE Market Value Market Value Total Change New Construction Reappraisal Total New Constr Reappraisal SCHOOL DISTRICTS Carrollton-Farmers Branch ISD AS $14,765,691,930 $16,153,327,530 $1,387,635,600 $247,122,670 $1,140,512, % 1.67% 7.72% Cedar Hill ISD ES 3,189,669,810 3,425,475, ,806,180 63,274, ,531, % 1.98% 5.41% Coppell ISD OS 10,054,165,150 11,143,115,250 1,088,950, ,660, ,289, % 3.12% 7.71% Dallas ISD DS 107,985,090, ,369,970,030 9,384,879,180 1,967,277,016 7,417,602, % 1.82% 6.87% DeSoto ISD SS 2,662,214,570 2,880,748, ,533,450 48,946, ,586, % 1.84% 6.37% Duncanville ISD US 4,330,807,010 4,600,086, ,279,620 52,316, ,963, % 1.21% 5.01% Ferris ISD FS 20,775,100 21,201, ,590 57, , % 0.28% 1.78% Garland ISD GS 16,570,529,010 17,830,421,750 1,259,892, ,215,749 1,082,676, % 1.07% 6.53% Grand Prairie ISD PS 6,675,215,200 7,112,114, ,899,360 93,857, ,041, % 1.41% 5.14% Grapevine-Colleyville ISD VS 1,842,765,670 2,370,700, ,934, ,934, % 0.00% 28.65% Highland Park ISD HS 16,815,140,360 18,193,176,180 1,378,035, ,372,238 1,118,663, % 1.54% 6.65% Irving ISD IS 11,672,800,810 12,666,025, ,224, ,041, ,183, % 1.44% 7.07% Lancaster ISD LS 2,053,986,520 2,303,109, ,123,010 36,985, ,137, % 1.80% 10.33% Mesquite ISD MS 7,704,815,570 8,137,490, ,674,860 24,786, ,887, % 0.32% 5.29% Richardson ISD RS 20,680,165,230 22,207,527,240 1,527,362, ,860,465 1,347,501, % 0.87% 6.52% Sunnyvale ISD YS 1,154,250,770 1,276,155, ,904,740 37,727,955 84,176, % 3.27% 7.29% SPECIAL DISTRICTS Dallas County FCD #1 DD $402,668,670 $457,759,290 $55,090,620 $1,597,640 $53,492, % 0.40% 13.28% Dallas County URD DM 3,193,931,150 3,637,194, ,263, ,340, ,923, % 5.30% 8.58% Denton County LID #1 NL 37,980,830 38,851, , , % 0.00% 2.29% Denton County RUD #1 NR 5,691,760 5,693,310 1, , % 0.00% 0.03% Combined Denton LID & RUD NU 221,814, ,714,660 4,900,420 70,370 4,830, % 0.03% 2.18% Grand Prairie Metro URD GU 115,778, ,349,270 39,570, ,570, % 0.00% 34.18% Irving FCD, Section I IF 296,418, ,100,920 11,682,160 3,555,360 8,126, % 1.20% 2.74% Irving FCD, Section III ID 1,780,105,750 1,929,006, ,900,620 21,984, ,916, % 1.23% 7.13% Lancaster MUD #1 LM 30,515,120 41,729,580 11,214,460 5,438,820 5,775, % 17.82% 18.93% Northwest Dallas Co FCD NF 449,937, ,739,930 24,802, ,930 24,537, % 0.06% 5.45% Valwood Improvement Authority FF 1,915,349,750 2,203,245, ,896,130 23,685, ,210, % 1.24% 13.79% Railroad Rolling Stock TX 15,138,490 13,995,790 (1,142,700) 0 (1,142,700) -7.55% 0.00% -7.55%

14 DALLAS CENTRAL APPRAISAL DISTRICT (DCAD) - COMBINED CERTIFIED AND DISPUTED EVR's DATED JULY 23, 2015 FOR TAX YEAR 2015 ENTITY COMMERCIAL BUSINESS PERSONAL PROPERTY RESIDENTIAL GRAND TOTAL and Entity Code Parcels Market Value Taxable Value Parcels Market Value Taxable Value Parcels Market Value Taxable Value Parcels Market Value Taxable Value COUNTYWIDE ENTITIES Dallas County DC 74,361 $98,716,390,720 $74,394,284,891 86,955 $35,030,513,740 $27,733,488, ,470 $113,943,632,720 $86,792,538, ,786 $247,690,537,180 $188,920,311,381 Dallas Co Community College DO 74,361 98,716,390,720 74,752,759,120 86,955 35,030,513,740 34,675,806, , ,943,632,720 88,681,080, , ,690,537, ,109,646,216 Parkland Hospital PH 74,361 98,716,390,720 74,617,814,425 86,955 35,030,513,740 28,272,337, , ,943,632,720 86,847,320, , ,690,537, ,737,472,501 CITIES Addison CA 686 $3,053,514,450 $2,776,666,238 3,012 $724,224,070 $717,939,979 2,358 $689,363,610 $544,089,243 6,056 $4,467,102,130 $4,038,695,460 Balch Springs CB ,773, ,406, ,296,870 96,285,192 6, ,226, ,747,320 8, ,296, ,439,071 Carrollton CC 1,771 2,801,211,720 2,416,091,899 3,631 1,971,906,370 1,653,519,456 12,458 1,806,876,080 1,353,877,053 17,860 6,579,994,170 5,423,488,408 Cedar Hill CH 1,199 1,004,636, ,799,047 1, ,526, ,322,815 16,213 2,112,135,150 1,977,532,258 18,640 3,386,298,150 2,942,654,120 Cockrell Hill CL ,568,290 28,109, ,616,930 7,600, ,064,490 53,459,832 1,201 97,249,710 89,170,092 Combine OM 75 2,633, , , , ,665,470 9,402, ,296,070 11,059,978 Coppell CO 1,062 2,138,637,800 1,670,049,573 1,476 1,771,294, ,392,230 12,112 3,781,847,350 3,469,230,853 14,650 7,691,779,690 6,102,672,656 Dallas DA 39,213 54,943,234,380 40,173,970,942 47,925 15,072,848,200 13,028,272, ,384 54,054,828,630 41,600,231, , ,070,911,210 94,802,474,263 DeSoto CS 1, ,399, ,219,492 1, ,562, ,831,001 16,744 2,130,259,730 1,950,379,895 19,315 3,580,221,930 3,228,430,388 Duncanville CV 1, ,137, ,719,413 1, ,376, ,328,687 11,960 1,283,550,710 1,166,285,737 14,392 2,071,064,560 1,833,333,837 Farmers Branch CF 1,232 3,043,911,940 2,545,107,463 3,110 1,459,574,120 1,075,007,313 8,082 1,285,866, ,867,384 12,424 5,789,352,590 4,546,982,160 Ferris FE 15 5,564,440 5,259, ,291,790 6,291, ,856,230 11,551,211 Garland CG 4,703 4,252,597,480 3,276,221,646 5,660 1,882,975,110 1,537,271,783 64,491 7,677,383,870 6,403,596,014 74,854 13,812,956,460 11,217,089,443 Glenn Heights CE ,827,050 19,753, ,727,670 15,718,120 3, ,982, ,378,527 3, ,536, ,850,226 Grand Prairie CP 4,298 2,213,966,460 1,454,509,694 2,945 1,362,023,360 1,017,635,854 35,860 3,270,379,330 2,867,306,785 43,103 6,846,369,150 5,339,452,333 Grapevine GV 28 91,999,180 75,188, ,627,370 77,446, ,626, ,634,134 Highland Park TH ,202, ,267, ,135,850 77,848,620 3,408 6,185,000,330 4,987,543,204 3,855 6,667,338,770 5,324,659,015 Hutchins CU ,449, ,658, ,711, ,879,558 1,392 59,352,870 52,798,131 2, ,514, ,336,610 Irving CI 5,546 12,344,125,290 9,954,318,467 8,112 5,606,814,190 5,531,310,650 43,912 7,075,377,200 5,696,090,566 57,570 25,026,316,680 21,181,719,683 Lancaster CN 1, ,916, ,359, ,946, ,865,561 12,715 1,044,495, ,946,230 15,141 2,152,358,360 1,786,170,865 Lewisville LE 10 29,721,010 29,399, ,596,940 5,596, ,137,900 41,062, ,455,850 76,059,428 Mesquite CM 2,627 2,732,458,850 2,129,376,114 3, ,128, ,997,232 38,177 3,719,352,150 3,223,239,618 44,008 7,380,939,960 6,150,612,964 Ovilla OV 23 2,078, , , , ,850,850 21,875, ,599,640 23,167,010 Richardson CR 1,597 3,366,205,370 2,798,131,212 4,725 1,460,418,900 1,456,992,645 21,647 3,754,467,870 3,341,356,496 27,969 8,581,092,140 7,596,480,353 Rowlett CW 1, ,649, ,689, ,560, ,424,468 17,612 2,799,497,480 2,572,400,060 19,588 3,479,708,230 3,090,513,691 Sachse CK ,241,710 83,693, ,512,910 29,486,250 5, ,785, ,752,124 5,946 1,113,540, ,931,830 Seagoville CJ ,925, ,714, ,255,710 87,787,579 4, ,564, ,079,244 6, ,745, ,581,455 Sunnyvale TS ,798, ,485, ,122, ,520,557 2, ,581, ,466,563 3,346 1,227,502, ,472,436 University Park CQ 317 1,835,964, ,143, ,214,430 86,120,240 6,916 8,185,584,230 6,359,928,944 8,009 10,107,763,040 6,832,193,090 Wilmer CT ,818, ,036, ,960, ,559,931 1,534 64,147,480 58,347,776 1, ,927, ,943,823 Wylie WY 14 4,869,260 2,407, , , ,352,100 16,136, ,744,510 19,067,528 Prepared by the Dallas Central Appraisal District July 23, cevd.xlsx 2015 Combined Cert & Disp EVR's Page 1 of 2

15 DALLAS CENTRAL APPRAISAL DISTRICT (DCAD) - COMBINED CERTIFIED AND DISPUTED EVR's DATED JULY 23, 2015 FOR TAX YEAR 2015 ENTITY COMMERCIAL BUSINESS PERSONAL PROPERTY RESIDENTIAL GRAND TOTAL and Entity Code Parcels Market Value Taxable Value Parcels Market Value Taxable Value Parcels Market Value Taxable Value Parcels Market Value Taxable Value SCHOOL DISTRICTS Carrollton-Farmers Branch ISD AS 3,478 $8,199,920,240 $7,088,353,460 6,055 $3,396,296,820 $2,620,343,312 23,495 $4,557,110,470 $4,226,076,801 33,028 $16,153,327,530 $13,934,773,573 Cedar Hill ISD ES 1, ,922, ,379,329 1, ,691, ,423,865 16,876 2,178,862,100 1,937,832,043 19,361 3,425,475,990 2,893,635,237 Coppell ISD OS 1,472 3,912,527,760 3,339,593,734 2,209 2,775,302,320 1,848,232,445 14,877 4,455,285,170 4,223,968,854 18,558 11,143,115,250 9,411,795,033 Dallas ISD DS 39,906 54,357,276,050 40,750,640,541 47,523 15,377,633,210 13,227,075, ,636 47,635,060,770 38,806,572, , ,369,970,030 92,784,288,555 DeSoto ISD SS 1, ,637, ,711, ,412, ,302,528 18,913 2,192,698,560 1,857,386,564 21,001 2,880,748,020 2,394,400,938 Duncanville ISD US 2,149 1,424,956,270 1,027,767,081 1, ,347, ,539,972 20,531 2,320,782,540 1,993,146,518 24,629 4,600,086,630 3,714,453,571 Ferris ISD FS 97 9,775,570 7,202, ,405,090 7,405, ,021,030 3,516, ,201,690 18,123,264 Garland ISD GS 6,146 4,921,837,850 3,724,339,629 6,503 2,078,045,930 1,708,542,455 83,204 10,830,537,970 9,617,584,260 95,853 17,830,421,750 15,050,466,344 Grand Prairie ISD PS 4,220 2,338,262,490 1,608,502,284 2,988 1,594,619,160 1,192,443,405 34,463 3,179,232,910 2,755,560,323 41,671 7,112,114,560 5,556,506,012 Grapevine-Colleyville ISD VS ,009,730 1,447, ,812,690, ,151, ,370,700, ,598,634 Highland Park ISD HS 477 3,223,015,490 1,503,502,735 1, ,573, ,470,070 10,730 14,720,587,510 11,945,443,401 13,148 18,193,176,180 13,698,416,206 Irving ISD IS 4,967 6,238,116,440 4,873,122,876 5,793 1,972,721,720 1,959,894,253 36,172 4,455,187,030 3,971,281,930 46,932 12,666,025,190 10,804,299,059 Lancaster ISD LS 1, ,336, ,719, ,605, ,524,041 13,068 1,095,168, ,805,362 15,648 2,303,109,530 1,830,049,338 Mesquite ISD MS 3,276 2,923,440,610 2,271,131,199 3, ,786, ,829,635 46,899 4,269,263,280 3,580,300,851 53,735 8,137,490,430 6,683,261,685 Richardson ISD RS 3,391 7,958,139,150 6,700,190,309 9,900 2,805,133,810 2,512,999,834 57,198 11,444,254,280 9,596,012,296 70,489 22,207,527,240 18,809,202,439 Sunnyvale ISD YS ,217, ,575, ,356, ,932,871 2, ,581, ,736,273 3,358 1,276,155, ,244,485 SPECIAL DISTRICTS Dallas County FCD #1 DD 156 $274,569,490 $242,516, $179,107,500 $118,288, $4,082,300 $3,707, $457,759,290 $364,511,954 Dallas County URD DM 486 2,401,083,730 2,185,758, ,145, ,075,606 2, ,965, ,539,658 3,843 3,637,194,350 3,330,373,934 Denton County LID #1 NL 11 14,242,740 12,804, ,546,350 1,546, ,062,670 18,657, ,851,760 33,007,943 Denton County RUD #1 NR 5 5,507,310 2, , , ,693, ,773 Combined Denton Co LID & RUD NU 28 64,779,380 58,400, ,975,460 12,939, ,959, ,462, ,714, ,802,052 Grand Prairie Metro URD GU ,091,000 6,408, ,258,270 13,290, ,349,270 19,699,039 Irving FCD, Section I IF ,788, ,284, ,312, ,050, ,100, ,334,462 Irving FCD, Section III ID ,571, ,294, ,571,050 38,555,040 4,301 1,041,864, ,111,586 4,906 1,929,006,370 1,669,961,271 Lancaster MUD #1 LM , , ,080,970 39,508, ,729,580 39,639,424 Northwest Dallas Co FCD NF ,647, ,263, ,940,040 6,921, ,152, ,072,836 1, ,739, ,257,846 Valwood Improvement Authority FF 457 1,013,553, ,548,588 1,114 1,189,692, ,854, ,571 2,203,245,880 1,811,402,897 Railroad Rolling Stock TX ,995,790 13,995, ,995,790 13,995,790 Prepared by the Dallas Central Appraisal District July 23, cevd.xlsx 2015 Combined Cert & Disp EVR's Page 2 of 2

16 For more information, visit our Website: For additional copies write: Rick Kuehler Director of Administration / Taxpayer Liaison Officer Dallas Central Appraisal District 2949 N Stemmons Fwy Dallas, TX Dallas Central Appraisal District Annual Report Appraisal Year November 2015