Statewide Median Appraisal Ratios
1993 through 2003 Property Value StudiesThe table below compares the statewide median appraisal ratios from the 1993 to 2003*** Property Value Studies. The statewide median appraisal ratio for an individual property category was calculated using the appraisal ratios of all Property Tax Division sample properties in that category from across the state. The overall statewide median appraisal ratio was calculated using the appraisal ratios for all sample properties.
Property Category 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Prel.A. Single-family Residences 0.98 0.98 0.98 0.97 0.97 0.98 0.98 0.98 0.97 0.98 0.98 B. Multi-family Residences 1.00 0.99 0.99 0.99 0.98 0.99 0.98 0.98 0.99 0.98 0.98 C. Vacant Lots 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 D. Rural Real 1.00* 1.00* 1.00* .99* .98* .98* 0.98 0.98* 0.98* 0.99* 0.99* E. Farm & Ranch Improvements * * * * * * * * * * * F1. Commercial Real 1.00 1.00 1.00 0.99 0.99 0.99 0.98 0.97 0.98 0.98 0.98 F2. Industrial Real ** ** ** ** ** ** ** ** ** ** ** G. Oil, Gas, Minerals 1.04 1.03 1.02 1.02 1.01 1.00 1.02 1.03 0.99 1.01 1.00 J. Utilities 1.00 1.01 1.02 0.99 1.00 1.00 1.00 1.00 1.00 1.00 1.00 L1. Commercial Personal 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 L2. Industrial Personal ** ** ** ** ** ** ** ** ** ** ** M. Other Personal ** ** ** ** ** ** ** ** ** ** ** O. Residential Inventory ** ** ** ** ** ** ** ** ** ** ** OVERALL 0.99 0.99 1.00 0.99 0.99 0.99 0.99 0.99 0.99 1.00 0.99 * Taxable values for Farm & Ranch Improvements (formerly Category E) were merged into Category D with Acreage (market value).
** Too few sample observations were available to produce meaningful statewide median appraisal ratios for these properties.
*** Preliminary
