Electricity provider Oncor tops the list of Killeen Independent School District’s biggest taxpayers.
The list, which mostly consists of businesses that own property within the district’s boundaries, was part of a presentation made to school board members at a special meeting Thursday, shortly before they ratified the property tax rate for the 2014 fiscal year.
According to the data, which the district received from the Tax Appraisal District of Bell County, Oncor Electric Company’s property within the district’s boundaries adds up to a little more than $94.9 million in appraised property value.
“Oncor isn’t just the biggest taxpayer for (Killeen ISD), I believe they are the biggest taxpayer in Bell County,” said Marvin Hahn, chief appraiser for Bell County.
Hahn said while Oncor doesn’t own much real property, it pays taxes on the means it uses to deliver electricity to customers.
“It’s based off that system, their power lines and such,” Hahn said.
Second on the list is Seton Health System, which has an appraised value of $51 million. The company’s hospital in Harker Heights celebrated its one-year anniversary in June.
Seton is listed twice in the top 10, also ranking fifth with an assessed value of $28.5 million for another property it owns, according to Killeen ISD’s Chief Financial Officer Megan Bradley.
Seton isn’t the only taxpaying entity in Harker Heights among the district’s top 10 taxpayers. The Market Heights Shopping Center is ranked fourth, with an assessed value of $28.7 million.
Both Heights and Killeen, where the majority of the district’s schools are located, saw increases in property values for the 2014 fiscal year. Harker Heights saw the largest gains, with 7.87 percent more taxable property, while Killeen grew 4.03 percent.
The rising values allowed the district to lower its overall property tax rate this year to $1.128 per $100 of assessed property value, while still anticipating an increase in revenue of more than $3.3 million.
Contact Chris McGuinness at firstname.lastname@example.org or (254) 501-7568. Follow him on Twitter at ChrismKDH.