taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

212/Smith

212-901/Arp ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 216,762,685 .9611 225,536,037 216,762,685
B. Multi-Family Residences 357,650 N/A 357,650 357,650
C1. Vacant Lots 12,993,825 N/A 12,993,825 12,993,825
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,558,540 1.3945 3,986,148 5,558,540
D2. Real Prop Farm & Ranch 1,968,893 N/A 1,968,893 1,968,893
E. Real Prop NonQual Acres 61,562,059 1.0165 60,562,773 61,562,059
F1. Commercial Real 5,688,028 N/A 5,688,028 5,688,028
F2. Industrial Real 1,542,552 N/A 1,542,552 1,542,552
G. Oil, Gas, Minerals 38,831,635 1.0169 38,186,287 38,831,635
J. Utilities 24,748,747 .9948 24,878,113 24,748,747
L1. Commercial Personal 3,124,324 N/A 3,124,324 3,124,324
L2. Industrial Personal 9,284,107 N/A 9,284,107 9,284,107
M. Other Personal 4,581,648 N/A 4,581,648 4,581,648
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 629,697 N/A 629,697 629,697
S. Special Inventory 0 N/A 0 0
Subtotal 387,634,390 393,320,082 387,634,390
Less Total Deductions 58,215,081   61,250,562 58,215,081
Total Taxable Value 329,419,309 332,069,520 329,419,309 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
343,715,093 329,419,309 323,456,900 309,161,116 333,311,829 313,053,636


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,295,784 20,258,193


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
343,715,093 329,419,309 323,456,900 309,161,116 333,311,829 313,053,636

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