taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

194/Red River

194-905/Detroit ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 20,950,445 1.0339 20,263,512 20,950,445
B. Multi-Family Residences 383,017 N/A 383,017 383,017
C1. Vacant Lots 1,256,857 N/A 1,256,857 1,256,857
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 12,256,924 1.0741 11,411,625 12,256,924
D2. Real Prop Farm & Ranch 4,033,158 N/A 4,033,158 4,033,158
E. Real Prop NonQual Acres 33,842,551 1.1145 30,365,681 33,842,551
F1. Commercial Real 1,017,869 N/A 1,017,869 1,017,869
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 2,897,112 N/A 2,897,112 2,897,112
L1. Commercial Personal 1,012,153 N/A 1,012,153 1,012,153
L2. Industrial Personal 959,422 N/A 959,422 959,422
M. Other Personal 1,310,336 N/A 1,310,336 1,310,336
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 2,120 N/A 2,120 2,120
Subtotal 79,921,964 74,912,862 79,921,964
Less Total Deductions 17,771,780   17,133,293 17,771,780
Total Taxable Value 62,150,184 57,779,569 62,150,184 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
67,498,515 62,150,184 67,498,515 62,150,184 62,341,715 62,341,715


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,348,331 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
67,498,515 62,150,184 67,498,515 62,150,184 62,341,715 62,341,715

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 local value is greater than PTAD value.