taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

214/Starr

214-901/Rio Grande City ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 409,813,720 .7409 553,129,599 553,129,599
B. Multi-Family Residences 19,328,610 N/A 19,328,610 19,328,610
C1. Vacant Lots 64,056,080 N/A 64,056,080 64,056,080
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 33,369,870 .9484 35,184,840 35,184,840
D2. Real Prop Farm & Ranch 162,050 N/A 162,050 162,050
E. Real Prop NonQual Acres 26,542,250 N/A 26,542,250 26,542,250
F1. Commercial Real 126,946,170 .9427 134,662,321 134,662,321
F2. Industrial Real 3,779,020 N/A 3,779,020 3,779,020
G. Oil, Gas, Minerals 388,040,140 .9794 396,201,899 396,201,899
J. Utilities 56,609,640 .9581 59,085,315 59,085,315
L1. Commercial Personal 64,993,390 1.0062 64,592,914 64,592,914
L2. Industrial Personal 12,692,590 N/A 12,692,590 12,692,590
M. Other Personal 1,820,400 N/A 1,820,400 1,820,400
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 4,427,190 N/A 4,427,190 4,427,190
Subtotal 1,212,581,120 1,375,665,078 1,375,665,078
Less Total Deductions 133,968,894   148,531,152 148,531,152
Total Taxable Value 1,078,612,226 1,227,133,926 1,227,133,926 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
1,299,089,846 1,227,133,926 1,299,089,846 1,227,133,926 1,227,819,388 1,227,819,388


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
71,955,920 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
1,299,089,846 1,227,133,926 1,299,089,846 1,227,133,926 1,227,819,388 1,227,819,388

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)