taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

109/Hill

109-914/Penelope ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 6,311,970 1.0070 6,268,093 6,311,970
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 423,070 N/A 423,070 423,070
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,297,462 .6909 6,220,140 4,297,462
D2. Real Prop Farm & Ranch 961,570 N/A 961,570 961,570
E. Real Prop NonQual Acres 11,584,060 1.0300 11,246,660 11,584,060
F1. Commercial Real 291,800 N/A 291,800 291,800
F2. Industrial Real 26,460 N/A 26,460 26,460
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 1,120,020 N/A 1,120,020 1,120,020
L1. Commercial Personal 751,660 N/A 751,660 751,660
L2. Industrial Personal 2,605,070 N/A 2,605,070 2,605,070
M. Other Personal 836,500 N/A 836,500 836,500
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 29,209,642 30,751,043 29,209,642
Less Total Deductions 4,045,827   4,015,215 4,045,827
Total Taxable Value 25,163,815 26,735,828 25,163,815 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
26,642,255 25,163,815 26,642,255 25,163,815 25,287,918 25,287,918


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,478,440 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
26,642,255 25,163,815 26,642,255 25,163,815 25,287,918 25,287,918

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