taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

187/Polk

187-903/Goodrich ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 55,161,984 N/A 55,161,984 55,161,984
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 5,006,379 N/A 5,006,379 5,006,379
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,766,120 N/A 2,766,120 2,766,120
D2. Real Prop Farm & Ranch 1,509,051 N/A 1,509,051 1,509,051
E. Real Prop NonQual Acres 8,531,849 N/A 8,531,849 8,531,849
F1. Commercial Real 3,219,041 N/A 3,219,041 3,219,041
F2. Industrial Real 3,157,894 N/A 3,157,894 3,157,894
G. Oil, Gas, Minerals 12,901,670 N/A 12,901,670 12,901,670
J. Utilities 10,355,574 N/A 10,355,574 10,355,574
L1. Commercial Personal 3,269,430 N/A 3,269,430 3,269,430
L2. Industrial Personal 21,170,754 N/A 21,170,754 21,170,754
M. Other Personal 3,634,379 N/A 3,634,379 3,634,379
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 127,142 N/A 127,142 127,142
Subtotal 130,811,267 130,811,267 130,811,267
Less Total Deductions 19,102,909   19,102,909 19,102,909
Total Taxable Value 111,708,358 111,708,358 111,708,358 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
116,592,229 111,708,358 116,592,229 111,708,358 112,086,307 112,086,307


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,883,871 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
116,592,229 111,708,358 116,592,229 111,708,358 112,086,307 112,086,307

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