taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

202/Sabine

202-903/Hemphill ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 295,653,726 .8809 335,626,888 335,626,888
B. Multi-Family Residences 465,840 N/A 465,840 465,840
C1. Vacant Lots 26,418,106 .7860 33,610,822 33,610,822
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 18,097,740 1.0031 18,042,181 18,042,181
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 40,748,884 .7659 53,203,922 53,203,922
F1. Commercial Real 26,809,856 .8762 30,597,873 30,597,873
F2. Industrial Real 134,930 N/A 134,930 134,930
G. Oil, Gas, Minerals 7,079,768 N/A 7,079,768 7,079,768
J. Utilities 34,429,965 1.2653 27,210,910 27,210,910
L1. Commercial Personal 9,639,255 N/A 9,639,255 9,639,255
L2. Industrial Personal 13,422,990 N/A 13,422,990 13,422,990
M. Other Personal 8,627,075 N/A 8,627,075 8,627,075
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 481,528,135 537,662,454 537,662,454
Less Total Deductions 79,362,613   93,841,576 93,841,576
Total Taxable Value 402,165,522 443,820,878 443,820,878 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
468,444,879 443,820,878 468,444,879 443,820,878 443,820,878 443,820,878


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
24,624,001 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
468,444,879 443,820,878 468,444,879 443,820,878 443,820,878 443,820,878

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)