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