taxes Property Tax Assistance

2024 ISD Summary Worksheet

Somerville ISD (all splits)   Burleson County  

026-Burleson/Burleson County

026-902/Somerville ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 309,401,815 0.9892 312,779,837 309,401,815
B - MULTIFAMILY 2,122,020 N/A 2,122,020 2,122,020
C1 - VACANT LOTS 55,415,103 0.9434 58,739,774 55,415,103
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,529,841 1.2465 3,634,009 4,529,841
D2 - FARM & RANCH IMP 8,915,168 N/A 8,915,168 8,915,168
E - NON-AG LAND AND IMPROVEMENTS 231,547,498 0.9224 251,027,209 231,547,498
F1 - COMMERCIAL REAL 45,139,285 0.9408 47,979,682 45,139,285
F2 - INDUSTRIAL REAL 3,227,754 N/A 3,227,754 3,227,754
G - ALL MINERALS 56,616,550 1.0396 54,459,937 56,616,550
J - ALL UTILITIES 33,918,343 N/A 33,918,343 33,918,343
L1 - COMMERCIAL PERSONAL 5,477,063 N/A 5,477,063 5,477,063
L2 - INDUSTRIAL PERSONAL 66,809,077 N/A 66,809,077 66,809,077
M1 - MOBILE HOMES 33,468,806 N/A 33,468,806 33,468,806
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,975,607 N/A 1,975,607 1,975,607
S - SPECIAL INVENTORY 30,741 N/A 30,741 30,741
Subtotal 858,594,671 0 884,565,027 858,594,671
Less Total Deductions 289,028,031 0 291,296,711 289,028,031
Total Taxable Value 569,566,640 0 593,268,316 569,566,640

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's office 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 school 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 633,210,120 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 569,566,640 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 633,210,120 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 569,566,640 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 659,685,120 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 677,335,120 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 599,089,444 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 633,210,120 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 569,566,640 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 633,210,120 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 569,566,640 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 659,685,120 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 677,335,120 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 599,089,444 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 63,643,480 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 26,475,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 17,650,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS 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 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 309,401,815 0.9892 312,779,837 309,401,815
B - MULTIFAMILY 2,122,020 N/A 2,122,020 2,122,020
C1 - VACANT LOTS 55,415,103 0.9434 58,739,774 55,415,103
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,529,841 1.2465 3,634,009 4,529,841
D2 - FARM & RANCH IMP 8,915,168 N/A 8,915,168 8,915,168
E - NON-AG LAND AND IMPROVEMENTS 231,547,498 0.9224 251,027,209 231,547,498
F1 - COMMERCIAL REAL 45,139,285 0.9408 47,979,682 45,139,285
F2 - INDUSTRIAL REAL 3,227,754 N/A 3,227,754 3,227,754
G - ALL MINERALS 56,616,550 1.0396 54,459,937 56,616,550
J - ALL UTILITIES 33,918,343 N/A 33,918,343 33,918,343
L1 - COMMERCIAL PERSONAL 5,477,063 N/A 5,477,063 5,477,063
L2 - INDUSTRIAL PERSONAL 66,809,077 N/A 66,809,077 66,809,077
M1 - MOBILE HOMES 33,468,806 N/A 33,468,806 33,468,806
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,975,607 N/A 1,975,607 1,975,607
S - SPECIAL INVENTORY 30,741 N/A 30,741 30,741
Subtotal 858,594,671 884,565,027 858,594,671
Less Total Deductions 289,028,031 291,296,711 289,028,031
Total Taxable Value 569,566,640 593,268,316 569,566,640

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's office 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 school 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 633,210,120 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 569,566,640 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 633,210,120 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 569,566,640 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 659,685,120 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 677,335,120 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 599,089,444 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 633,210,120 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 569,566,640 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 633,210,120 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 569,566,640 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 659,685,120 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 677,335,120 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 599,089,444 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 63,643,480 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 26,475,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 17,650,000 Loss to the third most recent increase in the state-mandated homestead exemption

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