GISD Receives ‘Superior’ Rating
Graford Independent School District has again received a “superior achievement” in its accountability rating under Texas Schools FIRST financial accountability rating system, as noted at the Board of Trustee’s first public hearing on the matter last week.
The rating is the state’s highest.
In other business, Palo Pinto Chief Appraiser Donna Rhodes briefed the board on appraisal district issues and how it affects the school district.
“Some of the law suits question the methodology using comparable sales,” said GISD Superintendent Chance Welch.
“That keeps us near comparable values with the comptroller.”
Welch said the Texas Comptroller value for property was around $518 million with the comparable sales methodology. If the law suits result in changes of the appraisal method to an equity system, based upon lease value, the overall value would drop to around $400 million, Welch explained.
Credits: Lake Country Sun