taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

109/Hill

109-907/Itasca ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 48,598,020 .9559 50,840,067 48,598,020
B. Multi-Family Residences 313,720 N/A 313,720 313,720
C1. Vacant Lots 1,412,949 N/A 1,412,949 1,412,949
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,008,620 .7707 12,987,074 10,008,620
D2. Real Prop Farm & Ranch 3,065,480 N/A 3,065,480 3,065,480
E. Real Prop NonQual Acres 56,918,020 1.0371 54,881,901 56,918,020
F1. Commercial Real 9,047,020 N/A 9,047,020 9,047,020
F2. Industrial Real 2,984,530 N/A 2,984,530 2,984,530
G. Oil, Gas, Minerals 11,290,384 N/A 11,290,384 11,290,384
J. Utilities 27,469,440 .9427 29,139,111 27,469,440
L1. Commercial Personal 16,808,010 1.1211 14,992,427 16,808,010
L2. Industrial Personal 5,533,780 N/A 5,533,780 5,533,780
M. Other Personal 1,747,690 N/A 1,747,690 1,747,690
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 286,930 N/A 286,930 286,930
Subtotal 195,484,593 198,523,063 195,484,593
Less Total Deductions 21,967,368   23,255,656 21,967,368
Total Taxable Value 173,517,225 175,267,407 173,517,225 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
181,015,489 173,517,225 181,015,489 173,517,225 174,315,486 174,315,486


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,498,264 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
181,015,489 173,517,225 181,015,489 173,517,225 174,315,486 174,315,486

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