taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

161/McLennan

161-909/McGregor ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 155,200,070 .9804 158,302,805 155,200,070
B. Multi-Family Residences 3,825,650 N/A 3,825,650 3,825,650
C1. Vacant Lots 3,888,770 N/A 3,888,770 3,888,770
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,880,894 1.0336 6,657,432 6,880,894
D2. Real Prop Farm & Ranch 1,306,292 N/A 1,306,292 1,306,292
E. Real Prop NonQual Acres 32,501,433 1.0096 32,192,386 32,501,433
F1. Commercial Real 33,025,734 .9823 33,620,823 33,025,734
F2. Industrial Real 39,987,080 N/A 39,987,080 39,987,080
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 19,944,628 .9984 19,976,591 19,944,628
L1. Commercial Personal 35,601,340 1.0302 34,557,698 35,601,340
L2. Industrial Personal 55,161,450 N/A 55,161,450 55,161,450
M. Other Personal 874,960 N/A 874,960 874,960
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 162,810 N/A 162,810 162,810
S. Special Inventory 5,071,160 N/A 5,071,160 5,071,160
Subtotal 393,432,271 395,585,907 393,432,271
Less Total Deductions 68,803,542   69,951,507 68,803,542
Total Taxable Value 324,628,729 325,634,400 324,628,729 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
337,396,796 324,628,729 337,396,796 324,628,729 327,203,932 327,203,932


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,768,067 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
337,396,796 324,628,729 337,396,796 324,628,729 327,203,932 327,203,932

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