taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

160/McCulloch

160-905/Lohn 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 1,672,950 .9355 1,788,295 1,672,950
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 75,860 N/A 75,860 75,860
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 8,559,460 .9881 8,662,641 8,559,460
D2. Real Prop Farm & Ranch 567,190 N/A 567,190 567,190
E. Real Prop NonQual Acres 8,490,320 .8075 10,514,328 8,490,320
F1. Commercial Real 69,160 N/A 69,160 69,160
F2. Industrial Real 170,290 N/A 170,290 170,290
G. Oil, Gas, Minerals 44,450 N/A 44,450 44,450
J. Utilities 4,183,380 N/A 4,183,380 4,183,380
L1. Commercial Personal 158,360 N/A 158,360 158,360
L2. Industrial Personal 521,040 N/A 521,040 521,040
M. Other Personal 378,120 N/A 378,120 378,120
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 24,890,580 27,133,114 24,890,580
Less Total Deductions 1,891,024   2,045,418 1,891,024
Total Taxable Value 22,999,556 25,087,696 22,999,556 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
23,691,786 22,999,556 23,691,786 22,999,556 23,063,470 23,063,470


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
692,230 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
23,691,786 22,999,556 23,691,786 22,999,556 23,063,470 23,063,470

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.