Comptroller Susan Combs projects taxable property values for 2010 to decline by 1.97 percent from 2009, followed by further decline of 3.47 percent in FY 2011. However, there is a predicted gain of 0.67 percent in FY 2012. The taxable values for tax years 2010, 2011 and 2012 are estimated to assist in the budgeting for the 2012-13 biennium. It has been reported this projected loss could cost the state an addition $1.5 billion over the course of the biennium.
