taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

031/Cameron

031-905/La Feria ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 238,373,661 .9357 254,754,367 238,373,661
B. Multi-Family Residences 6,839,868 N/A 6,839,868 6,839,868
C1. Vacant Lots 20,418,037 N/A 20,418,037 20,418,037
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,635,925 .9996 4,637,877 4,635,925
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 53,872,211 .9503 56,689,689 53,872,211
F1. Commercial Real 46,113,218 .9649 47,790,671 46,113,218
F2. Industrial Real 1,046,090 N/A 1,046,090 1,046,090
G. Oil, Gas, Minerals 562 N/A 562 562
J. Utilities 17,191,673 N/A 17,191,673 17,191,673
L1. Commercial Personal 30,030,343 .9789 30,677,641 30,030,343
L2. Industrial Personal 6,269,319 N/A 6,269,319 6,269,319
M. Other Personal 2,982,319 N/A 2,982,319 2,982,319
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,273,970 N/A 1,273,970 1,273,970
S. Special Inventory 402,131 N/A 402,131 402,131
Subtotal 429,449,327 450,974,214 429,449,327
Less Total Deductions 56,538,288   60,139,426 56,538,288
Total Taxable Value 372,911,039 390,834,788 372,911,039 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
395,159,342 372,911,039 395,159,342 372,911,039 374,229,182 374,229,182


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
22,248,303 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
395,159,342 372,911,039 395,159,342 372,911,039 374,229,182 374,229,182

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.