taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

220/Tarrant

220-910/Lake Worth ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 279,674,725 N/A 279,674,725 279,674,725
B. Multi-Family Residences 80,908,794 N/A 80,908,794 80,908,794
C1. Vacant Lots 32,369,222 N/A 32,369,222 32,369,222
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 46,272 N/A 46,272 46,272
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 35,478 N/A 35,478 35,478
F1. Commercial Real 261,741,095 N/A 261,741,095 261,741,095
F2. Industrial Real 6,955,075 N/A 6,955,075 6,955,075
G. Oil, Gas, Minerals 40,405,170 N/A 40,405,170 40,405,170
J. Utilities 16,997,019 N/A 16,997,019 16,997,019
L1. Commercial Personal 91,055,706 N/A 91,055,706 91,055,706
L2. Industrial Personal 10,041,776 N/A 10,041,776 10,041,776
M. Other Personal 209,000 N/A 209,000 209,000
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,084,925 N/A 2,084,925 2,084,925
S. Special Inventory 0 N/A 0 0
Subtotal 822,524,257 822,524,257 822,524,257
Less Total Deductions 71,892,244   71,892,244 71,892,244
Total Taxable Value 750,632,013 750,632,013 750,632,013 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
770,413,223 750,632,013 770,413,223 750,632,013 750,966,145 750,966,145


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,781,210 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
770,413,223 750,632,013 770,413,223 750,632,013 750,966,145 750,966,145

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