taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

190/Rains

190-903/Rains 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 254,813,122 .8994 283,314,567 254,813,122
B. Multi-Family Residences 2,492,020 N/A 2,492,020 2,492,020
C1. Vacant Lots 13,837,861 N/A 13,837,861 13,837,861
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 12,318,221 1.4152 8,704,495 12,318,221
D2. Real Prop Farm & Ranch 9,373,855 N/A 9,373,855 9,373,855
E. Real Prop NonQual Acres 151,896,044 .8445 179,865,061 151,896,044
F1. Commercial Real 44,840,308 .9219 48,639,015 44,840,308
F2. Industrial Real 1,033,367 N/A 1,033,367 1,033,367
G. Oil, Gas, Minerals 41,425,108 1.0789 38,395,688 41,425,108
J. Utilities 12,984,517 N/A 12,984,517 12,984,517
L1. Commercial Personal 18,706,399 N/A 18,706,399 18,706,399
L2. Industrial Personal 5,493,364 N/A 5,493,364 5,493,364
M. Other Personal 2,397,970 N/A 2,397,970 2,397,970
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 730,994 N/A 730,994 730,994
S. Special Inventory 173,839 N/A 173,839 173,839
Subtotal 572,516,989 626,143,012 572,516,989
Less Total Deductions 76,524,259   88,974,488 76,524,259
Total Taxable Value 495,992,730 537,168,524 495,992,730 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
521,814,846 495,992,730 521,814,846 495,992,730 501,494,349 501,494,349


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
25,822,116 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
521,814,846 495,992,730 521,814,846 495,992,730 501,494,349 501,494,349

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.