taxes Property Tax Assistance

2020 ISD Summary Worksheet

084-Galveston /Galveston County

084-908/Hitchcock ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	785,370,163	0.9798	801,561,710	785,370,163
B - MULTIFAMILY	18,286,190	N/A	18,286,190	18,286,190
C1 - VACANT LOTS	53,097,863	0.7936	66,907,589	53,097,863
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,504,749	1.2402	1,213,338	1,504,749
D2 - FARM & RANCH IMP	0	N/A	0	0
E - NON-AG LAND AND IMPROVEMENTS	20,126,737	N/A	20,126,737	20,126,737
F1 - COMMERCIAL REAL	85,333,668	0.6316	135,107,137	85,333,668
F2 - INDUSTRIAL REAL	1,031,370	N/A	1,031,370	1,031,370
G - ALL MINERALS	1,338,503	N/A	1,338,503	1,338,503
J - ALL UTILITIES	40,983,800	N/A	40,983,800	40,983,800
L1 - COMMERCIAL PERSONAL	39,455,440	N/A	39,455,440	39,455,440
L2 - INDUSTRIAL PERSONAL	4,130,740	N/A	4,130,740	4,130,740
M1 - MOBILE HOMES	2,724,680	N/A	2,724,680	2,724,680
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	4,833,730	N/A	4,833,730	4,833,730
S - SPECIAL INVENTORY	3,131,370	N/A	3,131,370	3,131,370
Subtotal	1,061,349,003	0	1,140,832,334	1,061,349,003
Less Total Deductions	158,357,781	0	162,711,175	158,357,781
Total Taxable Value	902,991,222	0	978,121,159	902,991,222

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
927,049,676	902,991,222	927,049,676	902,991,222

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
24,058,454	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
927,049,676	902,991,222	927,049,676	902,991,222

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 LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR TWO OF THE GRACE PERIOD

084-908-02/Hitchcock ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	785,370,163	0.9798	801,561,710	785,370,163
B - MULTIFAMILY	18,286,190	N/A	18,286,190	18,286,190
C1 - VACANT LOTS	53,097,863	0.7936	66,907,589	53,097,863
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,504,749	1.2402	1,213,338	1,504,749
D2 - FARM & RANCH IMP	0	N/A	0	0
E - NON-AG LAND AND IMPROVEMENTS	20,126,737	N/A	20,126,737	20,126,737
F1 - COMMERCIAL REAL	85,333,668	0.6316	135,107,137	85,333,668
F2 - INDUSTRIAL REAL	1,031,370	N/A	1,031,370	1,031,370
G - ALL MINERALS	1,338,503	N/A	1,338,503	1,338,503
J - ALL UTILITIES	40,983,800	N/A	40,983,800	40,983,800
L1 - COMMERCIAL PERSONAL	39,455,440	N/A	39,455,440	39,455,440
L2 - INDUSTRIAL PERSONAL	4,130,740	N/A	4,130,740	4,130,740
M1 - MOBILE HOMES	2,724,680	N/A	2,724,680	2,724,680
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	4,833,730	N/A	4,833,730	4,833,730
S - SPECIAL INVENTORY	3,131,370	N/A	3,131,370	3,131,370
Subtotal	1,061,349,003		1,140,832,334	1,061,349,003
Less Total Deductions	158,357,781		162,711,175	158,357,781
Total Taxable Value	902,991,222		978,121,159	902,991,222

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
927,049,676	902,991,222	927,049,676	902,991,222

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
24,058,454	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
927,049,676	902,991,222	927,049,676	902,991,222

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