taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

092/Gregg

092-907/Spring Hill ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 456,321,788 .9840 463,741,654 456,321,788
B. Multi-Family Residences 25,890,695 N/A 25,890,695 25,890,695
C1. Vacant Lots 3,064,087 N/A 3,064,087 3,064,087
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 228,393 1.4511 157,391 228,393
D2. Real Prop Farm & Ranch 108,169 N/A 108,169 108,169
E. Real Prop NonQual Acres 23,211,824 N/A 23,211,824 23,211,824
F1. Commercial Real 16,725,920 N/A 16,725,920 16,725,920
F2. Industrial Real 718,840 N/A 718,840 718,840
G. Oil, Gas, Minerals 19,816,560 N/A 19,816,560 19,816,560
J. Utilities 8,313,150 N/A 8,313,150 8,313,150
L1. Commercial Personal 8,146,760 N/A 8,146,760 8,146,760
L2. Industrial Personal 1,369,550 N/A 1,369,550 1,369,550
M. Other Personal 971,060 N/A 971,060 971,060
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 2,774,000 N/A 2,774,000 2,774,000
S. Special Inventory 32,060 N/A 32,060 32,060
Subtotal 567,692,856 575,041,720 567,692,856
Less Total Deductions 68,913,294   70,176,506 68,913,294
Total Taxable Value 498,779,562 504,865,214 498,779,562 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
518,113,806 498,779,562 488,556,336 469,222,092 501,193,813 471,636,343


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,334,244 29,557,470


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
518,113,806 498,779,562 488,556,336 469,222,092 501,193,813 471,636,343

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