taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

039/Clay

039-903/Petrolia ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 69,066,210 .9354 73,836,017 69,066,210
B. Multi-Family Residences 233,630 N/A 233,630 233,630
C1. Vacant Lots 1,543,950 N/A 1,543,950 1,543,950
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,641,830 1.0768 12,668,865 13,641,830
D2. Real Prop Farm & Ranch 3,410,400 N/A 3,410,400 3,410,400
E. Real Prop NonQual Acres 26,289,690 .9583 27,433,674 26,289,690
F1. Commercial Real 2,797,820 N/A 2,797,820 2,797,820
F2. Industrial Real 50,200 N/A 50,200 50,200
G. Oil, Gas, Minerals 5,188,980 N/A 5,188,980 5,188,980
J. Utilities 25,942,530 .9830 26,391,180 25,942,530
L1. Commercial Personal 2,796,900 N/A 2,796,900 2,796,900
L2. Industrial Personal 524,410 N/A 524,410 524,410
M. Other Personal 1,068,560 N/A 1,068,560 1,068,560
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 14,330 N/A 14,330 14,330
Subtotal 152,569,440 157,958,916 152,569,440
Less Total Deductions 21,323,456   22,851,952 21,323,456
Total Taxable Value 131,245,984 135,106,964 131,245,984 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
139,114,864 131,245,984 139,114,864 131,245,984 132,360,879 132,360,879


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,868,880 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
139,114,864 131,245,984 139,114,864 131,245,984 132,360,879 132,360,879

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