taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

145/Leon

145-906/Normangee ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 98,837,320 .9615 102,794,925 98,837,320
B. Multi-Family Residences 584,650 N/A 584,650 584,650
C. Vacant Lots 16,038,310 N/A 16,038,310 16,038,310
D. Rural Real(Taxable) 51,923,010 .8471 61,293,125 51,923,010
F1. Commercial Real 3,845,500 N/A 3,845,500 3,845,500
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 107,913,140 1.0123 106,601,936 107,913,140
J. Utilities 19,650,870 .9549 20,578,982 19,650,870
L1. Commercial Personal 6,407,970 N/A 6,407,970 6,407,970
L2. Industrial Personal 5,953,460 N/A 5,953,460 5,953,460
M. Other Personal 2,301,490 N/A 2,301,490 2,301,490
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 859,530 N/A 859,530 859,530
Subtotal 314,315,250 327,259,878 314,315,250
Less Total Deductions 46,545,125   48,833,467 46,545,125
Total Taxable Value 267,770,125 278,426,411 267,770,125 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 48,065,320 .8258 58,204,553
Prod Value Qualified Acres 3,857,690 1.2490 3,088,572
Taxable Value 51,923,010   61,293,125

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
277,285,295 267,770,125 268,130,685 258,615,515 267,770,125 258,615,515


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,515,170 9,154,610


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
277,285,295 267,770,125 268,130,685 258,615,515 267,770,125 258,615,515

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

154/Madison

145-906/Normangee ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 2,128,920 .9894 2,151,728 2,128,920
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 394,259 N/A 394,259 394,259
D. Rural Real(Taxable) 31,909,060 1.0494 30,406,383 31,909,060
F1. Commercial Real 981,590 N/A 981,590 981,590
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 5,460,367 N/A 5,460,367 5,460,367
J. Utilities 6,932,790 .9303 7,452,209 6,932,790
L1. Commercial Personal 1,240,610 N/A 1,240,610 1,240,610
L2. Industrial Personal 284,640 N/A 284,640 284,640
M. Other Personal 405,970 N/A 405,970 405,970
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 108,280 N/A 108,280 108,280
Subtotal 49,846,486 48,886,036 49,846,486
Less Total Deductions 5,351,623   5,418,219 5,351,623
Total Taxable Value 44,494,863 43,467,817 44,494,863 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 29,671,890 1.0575 28,058,525
Prod Value Qualified Acres 2,237,170 .9529 2,347,858
Taxable Value 31,909,060   30,406,383

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
45,919,574 44,494,863 44,410,757 42,986,046 44,494,863 42,986,046


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,424,711 1,508,817


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
45,919,574 44,494,863 44,410,757 42,986,046 44,494,863 42,986,046

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

145-906/Normangee ISD



Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 100,966,240 .9621 104,946,653 100,966,240
B. Multi-Family Residences 584,650 N/A 584,650 584,650
C. Vacant Lots 16,432,569 N/A 16,432,569 16,432,569
D. Rural Real(Taxable) 83,832,070 .9142 91,699,508 83,832,070
F1. Commercial Real 4,827,090 N/A 4,827,090 4,827,090
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 113,373,507 1.0117 112,062,303 113,373,507
J. Utilities 26,583,660 .9484 28,031,191 26,583,660
L1. Commercial Personal 7,648,580 N/A 7,648,580 7,648,580
L2. Industrial Personal 6,238,100 N/A 6,238,100 6,238,100
M. Other Personal 2,707,460 N/A 2,707,460 2,707,460
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 967,810 N/A 967,810 967,810
Subtotal 364,161,736 376,145,914 364,161,736
Less Total Deductions 51,896,748   54,251,686 51,896,748
Total Taxable Value 312,264,988 321,894,228 312,264,988 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 77,737,210 .9012 86,263,078
Prod Value Qualified Acres 6,094,860 1.1211 5,436,430
Taxable Value 83,832,070   91,699,508

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