taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

137/Kleberg

137-902/Ricardo ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 74,738,361 .9757 76,599,735 74,738,361
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 5,904,629 N/A 5,904,629 5,904,629
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,520,088 .9035 7,216,695 6,520,088
D2. Real Prop Farm & Ranch 1,215,810 N/A 1,215,810 1,215,810
E. Real Prop NonQual Acres 43,070,834 .9263 46,497,716 43,070,834
F1. Commercial Real 2,612,910 N/A 2,612,910 2,612,910
F2. Industrial Real 279,670 N/A 279,670 279,670
G. Oil, Gas, Minerals 3,769,545 N/A 3,769,545 3,769,545
J. Utilities 14,832,689 .9936 14,928,230 14,832,689
L1. Commercial Personal 8,912,280 .9968 8,940,891 8,912,280
L2. Industrial Personal 2,901,000 N/A 2,901,000 2,901,000
M. Other Personal 1,412,180 N/A 1,412,180 1,412,180
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 323,290 N/A 323,290 323,290
S. Special Inventory 0 N/A 0 0
Subtotal 166,493,286 172,602,301 166,493,286
Less Total Deductions 23,891,405   24,536,406 23,891,405
Total Taxable Value 142,601,881 148,065,895 142,601,881 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
151,263,149 142,601,881 146,827,950 138,166,682 142,601,881 138,166,682


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,661,268 4,435,199


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
151,263,149 142,601,881 146,827,950 138,166,682 142,601,881 138,166,682

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