taxes Property Tax Assistance

2023 ISD Summary Worksheet

Somerville ISD (all splits)   Burleson County  

026-Burleson/Burleson County

026-902/Somerville ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 272,297,410 0.9698 280,776,872 272,297,410
B - MULTIFAMILY 1,209,939 N/A 1,209,939 1,209,939
C1 - VACANT LOTS 48,296,774 0.9423 51,254,138 48,296,774
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,022,460 1.1558 4,345,350 5,022,460
D2 - FARM & RANCH IMP 8,053,991 N/A 8,053,991 8,053,991
E - NON-AG LAND AND IMPROVEMENTS 173,099,361 0.9753 177,483,196 173,099,361
F1 - COMMERCIAL REAL 34,087,443 0.9215 36,991,257 34,087,443
F2 - INDUSTRIAL REAL 3,295,195 N/A 3,295,195 3,295,195
G - ALL MINERALS 39,296,270 N/A 39,296,270 39,296,270
J - ALL UTILITIES 33,636,751 0.8374 40,168,081 33,636,751
L1 - COMMERCIAL PERSONAL 8,016,549 N/A 8,016,549 8,016,549
L2 - INDUSTRIAL PERSONAL 56,865,610 N/A 56,865,610 56,865,610
M1 - MOBILE HOMES 29,360,564 N/A 29,360,564 29,360,564
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 10,500 N/A 10,500 10,500
Subtotal 712,548,817 0 737,127,512 712,548,817
Less Total Deductions 218,698,732 0 223,874,882 218,698,732
Total Taxable Value 493,850,085 0 513,252,630 493,850,085

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

Measure Value Description
T1 551,102,169 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 493,850,085 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 551,102,169 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 493,850,085 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 576,707,169 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 593,777,169 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 508,108,001 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 551,102,169 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 493,850,085 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 551,102,169 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 493,850,085 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 576,707,169 T13 plus the loss to the chapter 313 agreement
T16 593,777,169 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 508,108,001 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 57,252,084 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 25,605,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 17,070,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED


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026-902-02/Somerville ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 272,297,410 0.9698 280,776,872 272,297,410
B - MULTIFAMILY 1,209,939 N/A 1,209,939 1,209,939
C1 - VACANT LOTS 48,296,774 0.9423 51,254,138 48,296,774
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,022,460 1.1558 4,345,350 5,022,460
D2 - FARM & RANCH IMP 8,053,991 N/A 8,053,991 8,053,991
E - NON-AG LAND AND IMPROVEMENTS 173,099,361 0.9753 177,483,196 173,099,361
F1 - COMMERCIAL REAL 34,087,443 0.9215 36,991,257 34,087,443
F2 - INDUSTRIAL REAL 3,295,195 N/A 3,295,195 3,295,195
G - ALL MINERALS 39,296,270 N/A 39,296,270 39,296,270
J - ALL UTILITIES 33,636,751 0.8374 40,168,081 33,636,751
L1 - COMMERCIAL PERSONAL 8,016,549 N/A 8,016,549 8,016,549
L2 - INDUSTRIAL PERSONAL 56,865,610 N/A 56,865,610 56,865,610
M1 - MOBILE HOMES 29,360,564 N/A 29,360,564 29,360,564
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 10,500 N/A 10,500 10,500
Subtotal 712,548,817 737,127,512 712,548,817
Less Total Deductions 218,698,732 223,874,882 218,698,732
Total Taxable Value 493,850,085 513,252,630 493,850,085

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

Measure Value Description
T1 551,102,169 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 493,850,085 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 551,102,169 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 493,850,085 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 576,707,169 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 593,777,169 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 508,108,001 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 551,102,169 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 493,850,085 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 551,102,169 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 493,850,085 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 576,707,169 T13 plus the loss to the chapter 313 agreement
T16 593,777,169 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 508,108,001 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 57,252,084 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 25,605,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 17,070,000 Loss to Second Previous Homestead Increase

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