taxes Property Tax Assistance

2022 ISD Summary Worksheet

026-Burleson/Burleson County

026-902/Somerville ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	210,362,197	0.8921	235,805,624	210,362,197
B - MULTIFAMILY	1,445,515	N/A	1,445,515	1,445,515
C1 - VACANT LOTS	38,277,493	0.7320	52,291,657	38,277,493
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,295,248	1.0066	5,260,607	5,295,248
D2 - FARM & RANCH IMP	8,673,082	N/A	8,673,082	8,673,082
E - NON-AG LAND AND IMPROVEMENTS	139,543,347	0.8795	158,662,134	139,543,347
F1 - COMMERCIAL REAL	37,769,136	0.9991	37,803,159	37,769,136
F2 - INDUSTRIAL REAL	3,355,155	N/A	3,355,155	3,355,155
G - ALL MINERALS	26,183,230	N/A	26,183,230	26,183,230
J - ALL UTILITIES	31,879,694	0.9585	33,259,983	31,879,694
L1 - COMMERCIAL PERSONAL	5,339,410	N/A	5,339,410	5,339,410
L2 - INDUSTRIAL PERSONAL	53,388,325	N/A	53,388,325	53,388,325
M1 - MOBILE HOMES	23,036,827	N/A	23,036,827	23,036,827
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	8,092	N/A	8,092	8,092
Subtotal	584,556,751	0	644,512,800	584,556,751
Less Total Deductions	120,537,785	0	135,360,168	120,537,785
Total Taxable Value	464,018,966	0	509,152,632	464,018,966

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	T13
478,064,790	464,018,966	478,064,790	464,018,966	494,384,790

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
14,045,824	0	16,320,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
478,064,790	464,018,966	478,064,790	464,018,966	494,384,790

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

026-902-02/Somerville ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	210,362,197	0.8921	235,805,624	210,362,197
B - MULTIFAMILY	1,445,515	N/A	1,445,515	1,445,515
C1 - VACANT LOTS	38,277,493	0.7320	52,291,657	38,277,493
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,295,248	1.0066	5,260,607	5,295,248
D2 - FARM & RANCH IMP	8,673,082	N/A	8,673,082	8,673,082
E - NON-AG LAND AND IMPROVEMENTS	139,543,347	0.8795	158,662,134	139,543,347
F1 - COMMERCIAL REAL	37,769,136	0.9991	37,803,159	37,769,136
F2 - INDUSTRIAL REAL	3,355,155	N/A	3,355,155	3,355,155
G - ALL MINERALS	26,183,230	N/A	26,183,230	26,183,230
J - ALL UTILITIES	31,879,694	0.9585	33,259,983	31,879,694
L1 - COMMERCIAL PERSONAL	5,339,410	N/A	5,339,410	5,339,410
L2 - INDUSTRIAL PERSONAL	53,388,325	N/A	53,388,325	53,388,325
M1 - MOBILE HOMES	23,036,827	N/A	23,036,827	23,036,827
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	8,092	N/A	8,092	8,092
Subtotal	584,556,751		644,512,800	584,556,751
Less Total Deductions	120,537,785		135,360,168	120,537,785
Total Taxable Value	464,018,966		509,152,632	464,018,966

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	T13
478,064,790	464,018,966	478,064,790	464,018,966	494,384,790

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
14,045,824	0	16,320,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
478,064,790	464,018,966	478,064,790	464,018,966	494,384,790

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement