taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

145/Leon

145-906/Normangee 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 101,537,790 .9522 106,634,940 101,537,790
B. Multi-Family Residences 613,140 N/A 613,140 613,140
C1. Vacant Lots 16,133,550 .7057 22,861,768 16,133,550
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,872,870 1.2670 3,056,774 3,872,870
D2. Real Prop Farm & Ranch 2,607,830 N/A 2,607,830 2,607,830
E. Real Prop NonQual Acres 49,063,350 .7330 66,934,993 49,063,350
F1. Commercial Real 4,009,790 N/A 4,009,790 4,009,790
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 48,639,810 .9985 48,712,879 48,639,810
J. Utilities 22,502,580 1.0105 22,268,758 22,502,580
L1. Commercial Personal 6,456,760 N/A 6,456,760 6,456,760
L2. Industrial Personal 1,002,510 N/A 1,002,510 1,002,510
M. Other Personal 2,418,810 N/A 2,418,810 2,418,810
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,226,020 N/A 1,226,020 1,226,020
Subtotal 260,084,810 288,804,972 260,084,810
Less Total Deductions 46,905,328   49,868,492 46,905,328
Total Taxable Value 213,179,482 238,936,480 213,179,482 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
222,580,232 213,179,482 212,850,977 203,450,227 213,179,482 203,450,227


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,400,750 9,729,255


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
222,580,232 213,179,482 212,850,977 203,450,227 213,179,482 203,450,227

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.

154/Madison

145-906/Normangee ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 2,084,667 N/A 2,084,667 2,084,667
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 370,879 N/A 370,879 370,879
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,223,820 .9448 2,353,848 2,223,820
D2. Real Prop Farm & Ranch 5,437,150 .9684 5,614,570 5,437,150
E. Real Prop NonQual Acres 29,720,082 1.0039 29,604,624 29,720,082
F1. Commercial Real 1,080,360 N/A 1,080,360 1,080,360
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 26,349,410 1.0061 26,189,653 26,349,410
J. Utilities 8,288,140 1.0018 8,273,248 8,288,140
L1. Commercial Personal 672,890 N/A 672,890 672,890
L2. Industrial Personal 769,670 N/A 769,670 769,670
M. Other Personal 342,990 N/A 342,990 342,990
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 224,740 N/A 224,740 224,740
Subtotal 77,564,798 77,582,139 77,564,798
Less Total Deductions 5,926,615   5,926,615 5,926,615
Total Taxable Value 71,638,183 71,655,524 71,638,183 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
73,099,858 71,638,183 71,422,630 69,960,955 71,638,183 69,960,955


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,461,675 1,677,228


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
73,099,858 71,638,183 71,422,630 69,960,955 71,638,183 69,960,955

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

145-906/Normangee ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 103,622,457 .9531 108,719,607 103,622,457
B. Multi-Family Residences 613,140 N/A 613,140 613,140
C1. Vacant Lots 16,504,429 .7104 23,232,647 16,504,429
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,096,690 1.1268 5,410,622 6,096,690
D2. Real Prop Farm & Ranch 8,044,980 .9784 8,222,400 8,044,980
E. Real Prop NonQual Acres 78,783,432 .8161 96,539,617 78,783,432
F1. Commercial Real 5,090,150 N/A 5,090,150 5,090,150
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 74,989,220 1.0012 74,902,532 74,989,220
J. Utilities 30,790,720 1.0081 30,542,006 30,790,720
L1. Commercial Personal 7,129,650 N/A 7,129,650 7,129,650
L2. Industrial Personal 1,772,180 N/A 1,772,180 1,772,180
M. Other Personal 2,761,800 N/A 2,761,800 2,761,800
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,450,760 N/A 1,450,760 1,450,760
Subtotal 337,649,608 366,387,111 337,649,608
Less Total Deductions 52,831,943   55,795,107 52,831,943
Total Taxable Value 284,817,665 310,592,004 284,817,665 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