taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

161/McLennan

161-921/Connally ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 335,562,983 .9741 344,485,148 335,562,983
B. Multi-Family Residences 38,361,557 .9919 38,674,823 38,361,557
C1. Vacant Lots 12,649,284 N/A 12,649,284 12,649,284
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,173,350 1.1117 1,055,433 1,173,350
D2. Real Prop Farm & Ranch 2,069,363 N/A 2,069,363 2,069,363
E. Real Prop NonQual Acres 45,362,893 .7540 60,162,988 45,362,893
F1. Commercial Real 43,693,139 .9628 45,381,324 43,693,139
F2. Industrial Real 40,605,188 N/A 40,605,188 40,605,188
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 20,650,170 N/A 20,650,170 20,650,170
L1. Commercial Personal 40,982,720 1.0055 40,758,548 40,982,720
L2. Industrial Personal 91,245,710 N/A 91,245,710 91,245,710
M. Other Personal 4,825,866 N/A 4,825,866 4,825,866
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,084,156 N/A 1,084,156 1,084,156
S. Special Inventory 2,716,810 N/A 2,716,810 2,716,810
Subtotal 680,983,189 706,364,811 680,983,189
Less Total Deductions 90,612,678   93,502,422 90,612,678
Total Taxable Value 590,370,511 612,862,389 590,370,511 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
615,623,915 590,370,511 615,623,915 590,370,511 594,980,938 594,980,938


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
25,253,404 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
615,623,915 590,370,511 615,623,915 590,370,511 594,980,938 594,980,938

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