09071955 Regular Meeting - Laserfiche WebLink

Home Browse Search

THE STONER APPRAISAL. CO. SURVEYS CONSULTANTS IN ALL TAX MATTERS SYSTEMS TELEPHONE APPRAISALS UNIT SYSTEM FOR EQUALIZATION OF TAX VALUES CA 3 -3381 1903 TRANSIT TOWER SAN ANTONIO 5. TEXAS August 25, 1955 Hon. Mayor and City Commissioners City of San Marcos San Marcos, Texas Gentlemen: The proposal submitted herewith by the Stoner Appraisal Company of San Antonio, Texas, is in compliance with your request while meeting with you on August 19, 1955. It covers the installation of a complete well designed, and well administered system, furnishing all the records necessary to such a system. By way of explanation of the character of services which would be fur- nished the City of San Marcos, and the San Marcos Independent School District, in the event of acceptance of our proposal, we submit the following specific description and specifications of our proposed services: 1. LAND VALUATIOI4 We will furnish the services of experts in systematic methods and practice of land valuation to complete the land valuation survey, who will assist in the methods of ascertaining and determining the relative values, upon actual view, of each street and highway to the land front- age thereon, and after the unit —foot values of streets and highways have been approved by the Board of Equalization, and assessing Departments, we will complete the computation of the values of individual lots and parcels of land, in consideration of the relation of such lots and parcels to streets, alleys, railways, or other elements of accessibility and useful- ness. We gather extensive data necessary to establish Front Foot Units. The values of these Units are worked out from all information touching land values. We divide the area into districts, keeping, so far as possible, throughout the entire area districts containing the same class of property. In each district me gather information and data as to revenue, making an analysis of revenue received and the relation of same to the value of real estate holdings for each block in a district, taking an average as a basis. We find what relation this analysis of revenue in different locations bears to the sales value of property, analyzing such sales, and considering all factors effecting values in each local- ity. After arriving at a basic front foot value on land for each block by actual view of each street and highway to the land fronting thereon, we then make a comparison of front foot values, street with street, block with block, and district with district, in order to work out an equalization over entire area based on all factors effecting value. On rural properties we establish valuations on a per acre basis for each type of land. We classify farm properties as to irrigated, cultivated, tillable, pasturage, and waste lands, establishing basic values, using sales and revenue as a guide for each type of land in a specific area, depending upon usefulness and productiveness of the soil. The basic values are submitted to the Board of Equalization, and Assess- ing Department for approval before final computations are completed.