taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

073/Falls

161-907/Lorena ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 3,668,400 N/A 3,668,400 3,668,400
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 772,980 N/A 772,980 772,980
D2. Real Prop Farm & Ranch 50,840 N/A 50,840 50,840
E. Real Prop NonQual Acres 3,321,840 N/A 3,321,840 3,321,840
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 237,560 N/A 237,560 237,560
L1. Commercial Personal 458,410 N/A 458,410 458,410
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 51,620 N/A 51,620 51,620
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 8,561,650 8,561,650 8,561,650
Less Total Deductions 1,069,469   1,069,469 1,069,469
Total Taxable Value 7,492,181 7,492,181 7,492,181 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
8,030,771 7,492,181 8,030,771 7,492,181 7,492,181 7,492,181


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
538,590 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
8,030,771 7,492,181 8,030,771 7,492,181 7,492,181 7,492,181

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

161/McLennan

161-907/Lorena ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 323,484,599 .9668 334,593,090 323,484,599
B. Multi-Family Residences 5,271,037 N/A 5,271,037 5,271,037
C1. Vacant Lots 5,381,109 N/A 5,381,109 5,381,109
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,635,240 1.0744 3,383,651 3,635,240
D2. Real Prop Farm & Ranch 4,295,526 N/A 4,295,526 4,295,526
E. Real Prop NonQual Acres 74,505,964 .9131 81,596,719 74,505,964
F1. Commercial Real 21,362,520 N/A 21,362,520 21,362,520
F2. Industrial Real 1,646,420 N/A 1,646,420 1,646,420
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 11,310,990 N/A 11,310,990 11,310,990
L1. Commercial Personal 43,418,510 1.0258 42,326,487 43,418,510
L2. Industrial Personal 1,063,600 N/A 1,063,600 1,063,600
M. Other Personal 2,097,060 N/A 2,097,060 2,097,060
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,514,680 N/A 1,514,680 1,514,680
S. Special Inventory 85,870 N/A 85,870 85,870
Subtotal 499,073,125 515,928,759 499,073,125
Less Total Deductions 75,559,186   78,667,911 75,559,186
Total Taxable Value 423,513,939 437,260,848 423,513,939 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
443,107,692 423,513,939 443,107,692 423,513,939 427,973,268 427,973,268


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,593,753 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
443,107,692 423,513,939 443,107,692 423,513,939 427,973,268 427,973,268

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

161-907/Lorena ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 327,152,999 .9672 338,261,490 327,152,999
B. Multi-Family Residences 5,271,037 N/A 5,271,037 5,271,037
C1. Vacant Lots 5,381,109 N/A 5,381,109 5,381,109
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,408,220 1.0605 4,156,631 4,408,220
D2. Real Prop Farm & Ranch 4,346,366 N/A 4,346,366 4,346,366
E. Real Prop NonQual Acres 77,827,804 .9165 84,918,559 77,827,804
F1. Commercial Real 21,362,520 N/A 21,362,520 21,362,520
F2. Industrial Real 1,646,420 N/A 1,646,420 1,646,420
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 11,548,550 N/A 11,548,550 11,548,550
L1. Commercial Personal 43,876,920 1.0255 42,784,897 43,876,920
L2. Industrial Personal 1,063,600 N/A 1,063,600 1,063,600
M. Other Personal 2,148,680 N/A 2,148,680 2,148,680
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,514,680 N/A 1,514,680 1,514,680
S. Special Inventory 85,870 N/A 85,870 85,870
Subtotal 507,634,775 524,490,409 507,634,775
Less Total Deductions 76,628,655   79,737,380 76,628,655
Total Taxable Value 431,006,120 444,753,029 431,006,120 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