taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

237/Waller

237-905/Royal 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 185,955,364 .8794 211,457,089 185,955,364
B. Multi-Family Residences 8,248,650 N/A 8,248,650 8,248,650
C1. Vacant Lots 27,570,531 N/A 27,570,531 27,570,531
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,332,177 1.3150 10,138,693 13,332,177
D2. Real Prop Farm & Ranch 7,968,728 N/A 7,968,728 7,968,728
E. Real Prop NonQual Acres 143,595,779 .8475 169,434,547 143,595,779
F1. Commercial Real 125,260,620 .9025 138,792,931 125,260,620
F2. Industrial Real 109,875,980 N/A 109,875,980 109,875,980
G. Oil, Gas, Minerals 34,558,636 N/A 34,558,636 34,558,636
J. Utilities 40,148,370 .8804 45,602,419 40,148,370
L1. Commercial Personal 231,793,670 1.0055 230,525,778 231,793,670
L2. Industrial Personal 106,745,850 N/A 106,745,850 106,745,850
M. Other Personal 9,665,510 N/A 9,665,510 9,665,510
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 516,070 N/A 516,070 516,070
Subtotal 1,045,235,935 1,111,101,412 1,045,235,935
Less Total Deductions 50,481,461   58,962,901 50,481,461
Total Taxable Value 994,754,474 1,052,138,511 994,754,474 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
1,009,065,226 994,754,474 1,005,747,458 991,436,706 996,352,526 993,034,758


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,310,752 3,317,768


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
1,009,065,226 994,754,474 1,005,747,458 991,436,706 996,352,526 993,034,758

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.