taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

124/Jim Hogg

124-901/Jim Hogg ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 81,620,130 .8039 101,530,203 81,620,130
B. Multi-Family Residences 1,812,870 N/A 1,812,870 1,812,870
C1. Vacant Lots 2,696,710 N/A 2,696,710 2,696,710
C2. Colonia Lots 1,436,100 N/A 1,436,100 1,436,100
D1. Rural Real(Taxable) 47,425,200 .8138 58,276,567 47,425,200
D2. Real Prop Farm & Ranch 11,594,650 N/A 11,594,650 11,594,650
E. Real Prop NonQual Acres 14,489,650 .8431 17,186,158 14,489,650
F1. Commercial Real 18,789,010 .6497 28,919,517 18,789,010
F2. Industrial Real 27,408,250 N/A 27,408,250 27,408,250
G. Oil, Gas, Minerals 92,204,010 1.0210 90,307,551 92,204,010
J. Utilities 64,177,290 .9205 69,720,033 64,177,290
L1. Commercial Personal 9,544,220 N/A 9,544,220 9,544,220
L2. Industrial Personal 22,635,610 N/A 22,635,610 22,635,610
M. Other Personal 289,620 N/A 289,620 289,620
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 396,123,320 443,358,059 396,123,320
Less Total Deductions 28,880,987   33,621,881 28,880,987
Total Taxable Value 367,242,333 409,736,178 367,242,333 T2*

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
378,371,183 367,242,333 375,060,323 363,931,473 367,242,333 363,931,473


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,128,850 3,310,860


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
378,371,183 367,242,333 375,060,323 363,931,473 367,242,333 363,931,473

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 invalid, but local value was certified because your school district is in year one of the grace period.