taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

109/Hill

109-904/Hillsboro ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 185,114,005 1.0220 181,129,163 185,114,005
B. Multi-Family Residences 9,912,850 N/A 9,912,850 9,912,850
C1. Vacant Lots 6,927,012 N/A 6,927,012 6,927,012
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 8,782,739 .7504 11,704,360 8,782,739
D2. Real Prop Farm & Ranch 3,892,171 N/A 3,892,171 3,892,171
E. Real Prop NonQual Acres 60,905,754 .9837 61,914,968 60,905,754
F1. Commercial Real 130,917,030 .9715 134,757,622 130,917,030
F2. Industrial Real 15,240,370 N/A 15,240,370 15,240,370
G. Oil, Gas, Minerals 8,118,147 N/A 8,118,147 8,118,147
J. Utilities 49,330,441 .9495 51,954,124 49,330,441
L1. Commercial Personal 107,224,100 1.0693 100,275,040 107,224,100
L2. Industrial Personal 28,436,330 N/A 28,436,330 28,436,330
M. Other Personal 2,675,000 N/A 2,675,000 2,675,000
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 684,670 N/A 684,670 684,670
S. Special Inventory 871,990 N/A 871,990 871,990
Subtotal 619,032,609 618,493,817 619,032,609
Less Total Deductions 66,659,074   64,890,186 66,659,074
Total Taxable Value 552,373,535 553,603,631 552,373,535 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
571,931,604 552,373,535 571,931,604 552,373,535 555,460,982 555,460,982


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,558,069 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
571,931,604 552,373,535 571,931,604 552,373,535 555,460,982 555,460,982

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