taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

134/Kimble

134-901/Junction 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 59,795,419 .9235 64,748,694 59,795,419
B. Multi-Family Residences 1,765,270 N/A 1,765,270 1,765,270
C1. Vacant Lots 7,343,378 N/A 7,343,378 7,343,378
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 31,288,117 .7684 40,716,179 31,288,117
D2. Real Prop Farm & Ranch 3,426,219 N/A 3,426,219 3,426,219
E. Real Prop NonQual Acres 153,759,172 .8787 174,984,832 153,759,172
F1. Commercial Real 40,987,037 .9223 44,440,027 40,987,037
F2. Industrial Real 1,725,210 N/A 1,725,210 1,725,210
G. Oil, Gas, Minerals 134,160 N/A 134,160 134,160
J. Utilities 58,657,550 .9426 62,229,525 58,657,550
L1. Commercial Personal 10,841,343 N/A 10,841,343 10,841,343
L2. Industrial Personal 6,348,120 N/A 6,348,120 6,348,120
M. Other Personal 3,658,740 N/A 3,658,740 3,658,740
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 3,580 N/A 3,580 3,580
Subtotal 379,733,315 422,365,277 379,733,315
Less Total Deductions 35,439,699   38,958,169 35,439,699
Total Taxable Value 344,293,616 383,407,108 344,293,616 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
354,864,748 344,293,616 354,864,748 344,293,616 347,472,678 347,472,678


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
10,571,132 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
354,864,748 344,293,616 354,864,748 344,293,616 347,472,678 347,472,678

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.