taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

019/Bowie

019-911/Red Lick ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 159,508,892 1.0138 157,337,633 159,508,892
B. Multi-Family Residences 241,171 N/A 241,171 241,171
C1. Vacant Lots 5,151,939 N/A 5,151,939 5,151,939
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 291,886 1.1662 250,298 291,886
D2. Real Prop Farm & Ranch 361,956 N/A 361,956 361,956
E. Real Prop NonQual Acres 18,653,332 1.0708 17,419,996 18,653,332
F1. Commercial Real 5,314,497 N/A 5,314,497 5,314,497
F2. Industrial Real 1,134,599 N/A 1,134,599 1,134,599
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 8,599,698 N/A 8,599,698 8,599,698
L1. Commercial Personal 8,227,903 N/A 8,227,903 8,227,903
L2. Industrial Personal 1,547,364 N/A 1,547,364 1,547,364
M. Other Personal 1,714,755 N/A 1,714,755 1,714,755
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 774,658 N/A 774,658 774,658
S. Special Inventory 0 N/A 0 0
Subtotal 211,522,650 208,076,467 211,522,650
Less Total Deductions 26,579,262   25,992,250 26,579,262
Total Taxable Value 184,943,388 182,084,217 184,943,388 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
191,713,403 184,943,388 191,713,403 184,943,388 184,944,570 184,944,570


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,770,015 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
191,713,403 184,943,388 191,713,403 184,943,388 184,944,570 184,944,570

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