Somervell County Market Value 2024

In Smith County, the responsibility for determining property tax market values falls to the Somervell Central Appraisal District (CAD). Local property tax amounts are heavily shaped by factors such as available exemptions and the appraisal of agricultural or open-space land. The market value for all property in 2024 was $5 billion in Somervell County. From the overall sum, houses were $772 million of the market value, apartments were $17 million, commercial was $142 million, and utilities were $100 million.

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Market Value Summary

Market Value All Property	$5,183,563,029
Market Value Houses / Condos / Townhomes	$772,336,943
Market ValueMultifamily / Apartments	$16,926,770
Market Value Land	$81,174,335
Market Value Commercial	$141,966,484
Market Value Business Personal Property	$17,886,110
Market Value Utilities	$100,318,980
Market Value Oil & Gas	$5,504,770
Market Value Industrial Real Property	$11,678,232
Market Value Industrial Personal Property	$2,900,000,000
Market Value All Other Property	$1,135,770,405