taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

026/Burleson

026-902/Somerville ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 71,658,430 .9596 74,675,313 71,658,430
B. Multi-Family Residences 304,601 N/A 304,601 304,601
C. Vacant Lots 14,307,258 1.1306 12,654,571 14,307,258
D. Rural Real(Taxable) 50,357,315 1.0091 49,902,891 50,357,315
F1. Commercial Real 16,686,237 .7795 21,406,334 16,686,237
F2. Industrial Real 2,409,363 N/A 2,409,363 2,409,363
G. Oil, Gas, Minerals 17,430,530 1.0030 17,378,395 17,430,530
J. Utilities 26,378,860 .9500 27,767,221 26,378,860
L1. Commercial Personal 6,480,428 N/A 6,480,428 6,480,428
L2. Industrial Personal 29,430,220 N/A 29,430,220 29,430,220
M. Other Personal 5,389,173 N/A 5,389,173 5,389,173
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 2,062 N/A 2,062 2,062
Subtotal 240,834,477 247,800,572 240,834,477
Less Total Deductions 37,142,775   38,160,776 37,142,775
Total Taxable Value 203,691,702 209,639,796 203,691,702 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 45,965,329 .9807 46,869,918
Prod Value Qualified Acres 4,391,986 1.4481 3,032,973
Taxable Value 50,357,315   49,902,891

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
215,283,889 203,691,702 215,283,889 203,691,702 203,691,702 203,691,702


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,592,187 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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
215,283,889 203,691,702 215,283,889 203,691,702 203,691,702 203,691,702

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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified