taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

106/Hemphill

106-901/Canadian ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 91,812,930 .8992 102,105,127 91,812,930
B. Multi-Family Residences 1,948,750 N/A 1,948,750 1,948,750
C1. Vacant Lots 4,129,020 N/A 4,129,020 4,129,020
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 18,262,030 1.0344 17,654,542 18,262,030
D2. Real Prop Farm & Ranch 25,840 N/A 25,840 25,840
E. Real Prop NonQual Acres 38,889,620 N/A 38,889,620 38,889,620
F1. Commercial Real 30,215,520 N/A 30,215,520 30,215,520
F2. Industrial Real 127,594,330 N/A 127,594,330 127,594,330
G. Oil, Gas, Minerals 1,002,923,260 1.0271 976,461,162 1,002,923,260
J. Utilities 295,828,490 1.0198 290,084,811 295,828,490
L1. Commercial Personal 35,414,730 N/A 35,414,730 35,414,730
L2. Industrial Personal 93,401,070 N/A 93,401,070 93,401,070
M. Other Personal 3,902,310 N/A 3,902,310 3,902,310
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 192,740 N/A 192,740 192,740
Subtotal 1,744,540,640 1,722,019,572 1,744,540,640
Less Total Deductions 30,391,044   33,669,914 30,391,044
Total Taxable Value 1,714,149,596 1,688,349,658 1,714,149,596 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
1,721,870,206 1,714,149,596 1,712,923,026 1,705,202,416 1,714,555,794 1,705,608,614


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,720,610 8,947,180


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
1,721,870,206 1,714,149,596 1,712,923,026 1,705,202,416 1,714,555,794 1,705,608,614

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