taxes Property Tax Assistance

2019 ISD Summary Worksheet

084-Galveston

084-908/Hitchcock ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 700,090,326 0.9396 745,094,004 745,094,004
B. MULTIFAMILY RESIDENCES 9,050,165 N/A 9,050,165 9,050,165
C1. VACANT LOTS 47,542,283 0.9492 50,086,687 50,086,687
D1. QUALIFIED AG LAND 1,163,280 1.2802 908,689 908,689
E. REAL PROP NONQUAL ACREAGE 19,484,597 N/A 19,484,597 19,484,597
F1. COMMERCIAL REAL 66,913,821 0.4270 156,706,841 156,706,841
F2. INDUSTRIAL REAL 793,230 N/A 793,230 793,230
G. OIL,GAS,MINERALS 1,042,313 N/A 1,042,313 1,042,313
J. UTILITIES 41,106,210 N/A 41,106,210 41,106,210
L1. COMMERCIAL PERSONAL 39,418,270 N/A 39,418,270 39,418,270
L2. INDUSTRIAL PERSONAL 4,202,500 N/A 4,202,500 4,202,500
M. MOBILE HOMES 2,631,710 N/A 2,631,710 2,631,710
O. RESIDENTIAL INVENTORY 4,999,760 N/A 4,999,760 4,999,760
S. SPECIAL INVENTORY 2,994,710 N/A 2,994,710 2,994,710
Subtotal 941,433,175 0 1,078,519,686 1,078,519,686
Less Total Deductions 147,935,609 0 159,675,772 159,675,772
Total Taxable Value 793,497,566 0 918,843,914 918,843,914

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302(J) AND(K) require the Comptroller to certify alternative measures of school district wealth.These measures are reported for taxable values for maintenance and operation(M & O) tax purposes and for interest and sinking fund(I & S) tax purposes.For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
942,166,612 918,843,914 942,166,612 918,843,914


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
23,322,698 0


T1 = School district taxable value for M & O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the additional $10,000 homestead exemption and the tax ceiling reduction


T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I & S Purposes

T7 T8 T9 T10
942,166,612 918,843,914 942,166,612 918,843,914

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 homestead exemption and the tax
ceiling reduction


T9 = T7 minus 50 % of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50 % of the loss to the local optional percentage homestead exemption

THE PVS FOUND YOUR TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

084-908-02/Hitchcock ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 700,090,326 0.9396 745,094,004 745,094,004
B. MULTIFAMILY RESIDENCES 9,050,165 N/A 9,050,165 9,050,165
C1. VACANT LOTS 47,542,283 0.9492 50,086,687 50,086,687
D1. QUALIFIED AG LAND 1,163,280 1.2802 908,689 908,689
E. REAL PROP NONQUAL ACREAGE 19,484,597 N/A 19,484,597 19,484,597
F1. COMMERCIAL REAL 66,913,821 0.4270 156,706,841 156,706,841
F2. INDUSTRIAL REAL 793,230 N/A 793,230 793,230
G. OIL,GAS,MINERALS 1,042,313 N/A 1,042,313 1,042,313
J. UTILITIES 41,106,210 N/A 41,106,210 41,106,210
L1. COMMERCIAL PERSONAL 39,418,270 N/A 39,418,270 39,418,270
L2. INDUSTRIAL PERSONAL 4,202,500 N/A 4,202,500 4,202,500
M. MOBILE HOMES 2,631,710 N/A 2,631,710 2,631,710
O. RESIDENTIAL INVENTORY 4,999,760 N/A 4,999,760 4,999,760
S. SPECIAL INVENTORY 2,994,710 N/A 2,994,710 2,994,710
Subtotal 941,433,175 1,078,519,686 1,078,519,686
Less Total Deductions 147,935,609 159,675,772 159,675,772
Total Taxable Value 793,497,566 918,843,914 918,843,914

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302(J) AND(K) require the Comptroller to certify alternative measures of school district wealth.These measures are reported for taxable values for maintenance and operation(M & O) tax purposes and for interest and sinking fund(I & S) tax purposes.For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
942,166,612 918,843,914 942,166,612 918,843,914


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
23,322,698 0


T1 = School district taxable value for M & O purposes before the loss to the additional $10, 000 homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the additional $10, 000 homestead exemption and the tax ceiling reduction


T3 = T1 minus 50 % of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50 % of the loss to the local optional percentage homestead exemption

Value Taxable For I & S Purposes

T7 T8 T9 T10
942,166,612 918,843,914 942,166,612 918,843,914

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50 % of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50 % of the loss to the local optional percentage homestead exemption