2011 valuation media

8/7/2019 2011 Valuation Media

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Harris County Appraisal DistrictApril 28, 2011

2011 Valuation


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Foreclosure Activity

Texas - 82,823 home foreclosures $149,425 Average Foreclosure Sales Price

Harris County 47,652 foreclosure homes in

2010, almost 16 percent increase over 2009 $136,027 Average Foreclosure Sales Price

January 2011 activity represents a nearly 41percent decline from January 2010

A 32.6 percent decrease from properties foreclosedon in December 2010


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Foreclosure SalesCount

Geographical

Comparison of

Foreclosure Filings

Source: RealtyTrac

Harris County


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2011 Parcel Creations

NOTES:

1. Minimum parcels to be created per sum of Lots and Reserves shown on recorded plats and number of Units to be

created from condominium declarations.

2. Number does not reflect street and right-of-way dedication parcels.

3. Data information is current as of Jan. 11, 2011 for instruments recorded up to Dec. 30, 2010.


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Subdivision/Condo Recordings

NOTES:

1. Plat/Instrument totals for each year were filed and recorded the previous calendar year.

2. 2011 count reflects instruments recorded up to December 30, 2010.


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2011 Residential Valuation

The majority of values will remain flat, with some

decreases expected county-wide

Predominant foreclosure markets will continue to see

significant decreases, especially in the low-end to $100Kmarket (north and southeast areas hit the hardest)

The $500K and over market has shown an uptick in home

pricing; a few areas that were flat or decreased in 2010

will see appraised value increases for 2011


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Harris County

Residential Noticed Parcels

(as of April 25)

Noticed

Parcels

% of

Parcels

Noticed

MARKET VALUE Capped

ParcelsUnchanged Decreased Increased

Parcels % Parcels % Parcels % Parcels %

990,170 96.1% 731,717 73.9% 191,780 19.4% 66,673 6.7% 29,910 3.0%

Market

Unchanged

Appraised

Increased

Market

Decreased

Appraised

IncreasedParcels Percent Parcels Percent

25,753 3.5% 1,662 0.8%

* Includes capped and non-capped parcels

Market Increased

with New

Construction

Market Increased

without New

Construction

Parcels Percent Parcels Percent

48,855 73.3% 17,818 26.7%


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HOUSTON/HARRIS COUNTY

APARTMENT VALUATION


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Apartments

Have begun to rebound after experiencing one of

their weakest years in recent history

First property to recover due to short-term leases

Investment activity has seen an upswing in 2010 Strong pricing has emerged as limited amounts of

investor grade assets are being offered

Sudden halt of new construction since late 2008

and increase in renters created positiveabsorption during 2010 and is expected to

continue for 2011


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COMMERCIAL VALUATION


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Commercial Real Property

Valuation Positive trends contributing to a general

stabilization in property values:

Increase in 2010 sales dollar volume and leasingactivity

Decreased vacancies

Stabilization of rental rates

Improved lower capitalization rates


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VACANT LAND VALUATION


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Vacant Land

Land sales decreased from 1,284 in 2009 to1,001 sales in 2010

Includes foreclosures and auction purchases

Investors are challenged in finding quality landtracts due to higher prices in active areas

Sales activity is biased towards Houstons Inner Loop,

West Houston, and Cy-Fair/Tomball submarkets.


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INDUSTRIAL VALUATION


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Refineries

Some improvement in demand for oil andpetroleum products worldwide in 2010compared to 2009 World oil use is up 2.3 percent from last summer

Price of oil increased throughout 2010

Increased product margins for refiners in U.S. Trucking and rail shipment activity has

strengthened

Natural gas prices remain relatively low

Industry utilization increased from an averageof 83 percent in 2009 to 90 percent in 2010


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Refineries: 2011 Valuation

It is anticipated that refinery values and

inventories will be the same or slightly higher

in 2011 relative to 2010


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Chemicals

Dismal outlook as the economy stays depressed

However, some positive signs as a result of plant

shutdowns have allowed remaining producers to

increase their production Chemical-related inventory volumes should be

near the levels they were on January 1, 2010, but

prices should be up slightly over last year.

Value changes for chemicals facilities look to be

flat coming into 2011


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Utilities

Gas, Electric and Telephone utility values are down asa result of the lack of new residential growth

Cable companies are looking at a decrease in valuedue to limited investment and depreciation of theircurrent assets

The futures of cable and telephone companies areunstable due to intense competition in their market

Ability for these industries to provide phone,

television, and Internet has led to a very challengingeconomic environment for both industries

Telecommunications will continue to get lessexpensive as technology advances


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BUSINESS PERSONAL PROPERTY VALUATION


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Retail

Houstons retail market experienced a slight

improvement in market conditions in 4th

Qtr 2010


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Business Personal Property

Overall, personal property tax base declined

approximately 3.72 percent for tax year 2010

Tax base is likely to be flat or slightly less in 2011

than in 2010


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Taxing Jurisdiction Estimates


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($$$ BILLIONS $$$)

(As of April 28, 2011) 2010

Tax Base

2011

Tax Base

Overall

ChangeRoll Data: March 25, 2011

Residential & Rural Improved $117.250 $116.498 -0.0064

Apartments $18.036 $17.876 -0.0088

Commercial $60.529 $61.822 0.0214

Vacant Land $9.878 $9.425 -0.0459

Industrial Real $14.745 $14.380 -0.0248

Utility $4.389 $4.291 -0.0225

Commercial Personal $23.911 $22.910 -0.0419

Industrial Personal $23.686 $22.263 -0.0601

Other $0.700 $0.724 0.0336

2010 2011 Net

Roll Value Net Total Change

$273.125 $270.187 -0.0108

Harris County2011 Certified Estimate of Taxable Value


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Harris County and College Districts2011 Estimate of Taxable Value Summary

JurisdictionProjected 2011

Taxable Value

Overall

Change

2010 Taxable

Value

Harris County 270,187,323,975 -0.0108 273,124,926,319

Lone Star Col System District 86,697,323,050 -0.0028 86,938,311,838

Lee Jr College District 5,257,453,076 -0.0399 5,475,876,243

San Jacinto Community Col Dist 35,526,948,116 -0.0353 36,828,208,388

Houston Community College 119,937,560,828 -0.0068 120,757,768,967


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School Districts2011 Certified Estimate of Taxable Value Summary


Taxable Value

Overall

Change

2010 Taxable

Value

Houston ISD 103,970,026,590 -0.0087 104,886,570,864

Deer Park ISD 6,454,298,895 -0.0370 6,702,517,183

Waller ISD 708,420,887 -0.0446 741,460,379

Cypress-Fairbanks 31,120,976,690 -0.0021 31,185,340,296

Crosby ISD 1,334,127,345 0.0119 1,318,390,659

Channelview ISD 2,162,851,552 -0.0504 2,277,651,121

New Caney ISD 55,006,914 -0.0145 55,816,118

Alief ISD 10,483,849,455 -0.0202 10,699,457,301

Aldine ISD 12,704,317,406 -0.0171 12,924,910,830North Forest ISD 1,473,735,594 -0.0385 1,532,815,581

Galena Park ISD 5,365,293,550 -0.0250 5,502,602,225

Goose Creek CISD 5,360,626,097 -0.0392 5,579,490,444

Klein ISD 12,723,961,866 -0.0032 12,764,369,254


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School Districts (contd)2011 Certified Estimate of Taxable Value Summary


Taxable Value

Overall

Change

2010 Taxable

Value

Humble ISD 10,605,585,769 0.0029 10,574,431,154

Katy ISD 11,955,528,958 0.0018 11,933,746,823

La Porte ISD 5,642,915,149 -0.0289 5,811,028,391

Pasadena ISD 9,452,924,843 -0.0247 9,692,440,631

Sheldon ISD 3,868,887,874 -0.0367 4,016,251,170

Spring ISD 7,099,802,634 -0.0314 7,329,740,265

Spring Branch ISD 18,499,344,469 0.0160 18,208,292,311

Tomball ISD 4,909,555,802 0.0301 4,765,922,076

Clear Creek ISD 10,351,941,050 0.0049 10,301,180,744Dayton ISD 1,765,276 0.0633 1,660,177

Pearland ISD 124,791,537 -0.0085 125,858,150

Huffman ISD 809,744,066 0.0048 805,878,987

Stafford ISD 6,204,018 -0.0396 6,460,007


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Cities2011 Certified Estimate of Taxable Value Summary


Taxable Value

Overall

Change

2010 Taxable

Value

City ofBaytown 2,219,717,480 -0.0173 2,258,730,369

City ofBellaire 3,198,512,240 -0.0063 3,218,782,354

Bunker Hill Village 1,351,463,408 0.0243 1,319,398,390

City of Deer Park 1,748,832,765 0.0048 1,740,542,710

Hedwig Village 661,918,787 0.0238 646,530,038

City of El Lago 183,123,013 -0.0266 188,125,162

City of Galena Park 341,171,431 -0.0343 353,293,350

City of Friendswood 483,654,085 -0.0104 488,735,141

City of Pearland 427,292,753 0.0138 421,494,274Hilshire Village 127,106,385 0.0520 120,823,514

City of Houston 140,763,010,179 -0.0121 142,483,815,524

City of Humble 1,237,133,377 0.0154 1,218,413,574

City of Katy 513,901,948 -0.0139 521,126,321


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Cities (contd)2011 Certified Estimate of Taxable Value Summary


Taxable Value

Overall

Change

2010 Taxable

Value

City of Missouri City 194,693,398 -0.0177 198,198,366

Hunters Creek Village 1,860,351,224 0.0257 1,813,697,288

City of Jacinto City 343,639,892 0.0130 339,244,207

City of League City 80,808,172 0.0739 75,249,055

Jersey Village 826,292,884 -0.0048 830,303,009

City of La Porte 2,184,205,654 -0.0221 2,233,674,635

City of Morgans Point 164,887,349 -0.0306 170,097,288

City of Nassau Bay 449,279,525 0.0152 442,541,572

City of Pasadena 5,588,643,084 -0.0101 5,645,723,566Piney Point Village 1,703,511,108 0.0130 1,681,693,112

City of Seabrook 820,065,131 -0.0295 845,001,119

City of Shoreacres 96,232,729 0.0054 95,715,595

City of South Houston 487,489,433 0.0044 485,341,758


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Cities (contd)2011 Certified Estimate of Taxable Value Summary


Taxable Value

Overall

Change

2010 Taxable

Value

City of Southside Place 506,724,588 0.0011 506,157,239

City of Spring Valley 686,638,057 0.0431 658,251,773

Taylor Lake Village 344,884,169 0.0069 342,525,181

City of Tomball 1,105,166,876 -0.0172 1,124,525,349

City of Webster 1,316,666,853 -0.0138 1,335,066,087

West University Place 4,010,355,144 -0.0175 4,081,853,040

City of Waller 51,469,349 -0.0053 51,745,032

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