taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

092/Gregg

092-907/Spring Hill ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 469,645,751 N/A 469,645,751 469,645,751
B. Multi-Family Residences 26,175,810 N/A 26,175,810 26,175,810
C1. Vacant Lots 3,373,005 N/A 3,373,005 3,373,005
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 215,730 N/A 215,860 215,730
D2. Real Prop Farm & Ranch 108,180 N/A 108,180 108,180
E. Real Prop NonQual Acres 23,731,673 N/A 23,731,673 23,731,673
F1. Commercial Real 16,770,212 N/A 16,770,212 16,770,212
F2. Industrial Real 503,990 N/A 503,990 503,990
G. Oil, Gas, Minerals 18,113,830 N/A 18,113,830 18,113,830
J. Utilities 8,434,590 N/A 8,434,590 8,434,590
L1. Commercial Personal 9,686,110 N/A 9,686,110 9,686,110
L2. Industrial Personal 1,830,190 N/A 1,830,190 1,830,190
M. Other Personal 1,372,120 N/A 1,372,120 1,372,120
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 5,077,776 N/A 5,077,776 5,077,776
S. Special Inventory 45,230 N/A 45,230 45,230
Subtotal 585,084,197 585,084,327 585,084,197
Less Total Deductions 72,126,467   72,126,467 72,126,467
Total Taxable Value 512,957,730 512,957,860 512,957,730 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
532,424,589 512,957,730 501,914,378 482,447,519 515,371,981 484,861,770


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,466,859 30,510,211


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
532,424,589 512,957,730 501,914,378 482,447,519 515,371,981 484,861,770

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