taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

169/Montague

169-910/Forestburg ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 7,866,410 .9599 8,195,031 7,866,410
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 246,560 N/A 246,560 246,560
D. Rural Real(Taxable) 50,060,920 .9746 51,364,915 50,060,920
F1. Commercial Real 544,470 N/A 544,470 544,470
F2. Industrial Real 63,332,850 N/A 63,332,850 63,332,850
G. Oil, Gas, Minerals 144,715,390 1.0039 144,153,193 144,715,390
J. Utilities 35,623,030 1.0164 35,048,239 35,623,030
L1. Commercial Personal 711,770 N/A 711,770 711,770
L2. Industrial Personal 16,350,560 N/A 16,350,560 16,350,560
M. Other Personal 1,157,200 N/A 1,157,200 1,157,200
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 320,609,160 321,104,788 320,609,160
Less Total Deductions 12,389,305   13,046,747 12,389,305
Total Taxable Value 308,219,855 308,058,041 308,219,855 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 45,116,750 .9668 46,666,063
Prod Value Qualified Acres 4,944,170 1.0522 4,698,852
Taxable Value 50,060,920   51,364,915

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
311,015,555 308,219,855 311,015,555 308,219,855 309,712,813 309,712,813


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,795,700 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
311,015,555 308,219,855 311,015,555 308,219,855 309,712,813 309,712,813

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