taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

137/Kleberg

137-901/Kingsville ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 435,954,183 .9132 477,391,790 435,954,183
B. Multi-Family Residences 64,127,100 .9392 68,278,428 64,127,100
C1. Vacant Lots 8,642,119 N/A 8,642,119 8,642,119
C2. Colonia Lots 430,810 N/A 430,810 430,810
D1. Rural Real(Taxable) 5,467,800 .8989 6,082,618 5,467,800
D2. Real Prop Farm & Ranch 295,120 N/A 295,120 295,120
E. Real Prop NonQual Acres 16,360,583 N/A 16,360,583 16,360,583
F1. Commercial Real 112,887,258 .9515 118,641,364 112,887,258
F2. Industrial Real 2,132,380 N/A 2,132,380 2,132,380
G. Oil, Gas, Minerals 14,398,673 N/A 14,398,673 14,398,673
J. Utilities 44,334,856 1.1696 37,905,999 44,334,856
L1. Commercial Personal 79,405,870 1.0372 76,557,916 79,405,870
L2. Industrial Personal 54,827,520 N/A 54,827,520 54,827,520
M. Other Personal 4,009,970 N/A 4,009,970 4,009,970
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 373,690 N/A 373,690 373,690
S. Special Inventory 12,196,970 N/A 12,196,970 12,196,970
Subtotal 855,844,902 898,525,950 855,844,902
Less Total Deductions 110,519,728   121,549,183 110,519,728
Total Taxable Value 745,325,174 776,976,767 745,325,174 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
784,434,305 745,325,174 784,434,305 745,325,174 745,325,174 745,325,174


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
39,109,131 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
784,434,305 745,325,174 784,434,305 745,325,174 745,325,174 745,325,174

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 invalid, but local value was certified because your school district is in year one of the grace period.