taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 State Totals

Totals by Category

Category 2014
Local Value
2014
PTAD Value
2014
Value Assigned
A Single-Family Residences 1,084,791,800,331 1,110,108,023,614 1,085,638,387,691
B Multifamily Residences 119,259,550,218 122,961,381,763 119,259,550,218
C1 Vacant Lots 42,520,259,915 43,492,504,951 42,566,982,126
C2 Colonia Lots 140,810,371 140,810,371 140,810,371
D1 Real Prop. Qualified Acres 12,799,998,949 12,551,831,144 12,826,504,744
D2 Real Property Farm and Ranch 3,425,710,647 3,424,544,820 3,425,710,647
E Real Property - Non Qualified Acres 71,493,010,434 73,443,858,230 71,790,070,035
F1 Commercial Real 342,640,106,797 354,728,467,823 342,697,034,026
F2 Industrial Real 110,006,646,050 110,006,646,050 110,006,646,050
G Oil, Gas, & Minerals 158,024,731,401 156,813,971,976 158,021,121,792
J Utilities 64,137,543,156 65,222,133,370 64,137,255,006
L1 Commercial Personal 142,177,133,885 140,801,340,907 142,169,984,765
L2 Industrial Personal 123,945,563,821 123,945,563,821 123,945,563,821
M Mobile Homes & Other Personal 5,999,738,245 5,999,738,245 5,999,738,245
N Intangible Personal Property 44,902 44,902 44,902
O Residential Inventory 7,144,015,206 7,144,015,206 7,144,015,206
S Special Inventory 6,103,118,611 6,103,118,611 6,103,118,611
Subtotal 2,294,609,782,939 2,336,887,995,804 2,295,872,538,256
Less Total Deductions 259,982,941,279 265,597,333,765 260,205,250,012
Total Taxable Value 2,034,626,841,660 2,071,290,662,039 2,035,667,288,244

Measures of a School District Wealth

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 Operations (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
2,085,040,918,130 2,035,667,288,244 2,065,866,400,521 2,016,492,770,635 2,044,821,638,672 2,025,647,121,063

PVS Deductions

Loss to
the Additional
$10,000 Homestead
Exemption
50% of the Loss
to the Local Optional
Percentage Homestead
Exemption
49,373,629,886 19,174,517,609

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
2,103,096,356,081 2,053,722,726,195 2,083,921,838,472 2,034,548,208,586 2,062,877,076,623 2,043,702,559,014

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

Deduction Detail

Deductions Allowed in PVS Local Value PTAD Value Assigned Value
Homestead - State-Mandated General $15,000 74,719,604,886 74,719,604,886 74,719,604,886
Homestead - State-Mandated Over-65 or Disabled $10,000 16,183,743,367 16,183,743,367 16,183,743,367
Homestead - 100% Disabled Or Unemployable Veterans 6,326,285,501 6,326,285,501 6,326,285,501
Homestead - Disabled Or Deceased Veterans 1,721,670,099 1,721,670,099 1,721,670,099
Homestead - Over-65 or Disabled Freeze Loss 67,398,000,234 72,596,986,554 67,607,168,474
Homestead - 10% Appraisal Cap Loss 22,585,639,326 23,001,045,492 22,598,779,819
Freeport 27,618,258,517 27,618,258,517 27,618,258,517
Pollution Control 10,187,455,516 10,187,455,516 10,187,455,516
Difference Between Taxable and Limited Value for
Chapter 313 Value Limitation Agreement
18,055,437,951 18,055,437,951 18,055,437,951
Tax Increment Financing 12,916,764,920 12,916,764,920 12,916,764,920
Low Income Housing, Counties Under 1.8 Million Pop 18,420,672 18,420,672 18,420,672
Solar and Wind-Powered 60,683,416 60,683,416 60,683,416
Deferred Taxes 1,984,679,914 1,984,679,914 1,984,679,914
Prorations 200,026,558 200,026,558 200,026,558
Home Donated by Charity to Disabled Veteran 633,969 633,969 633,969
Methane Gas 5,636,433 5,636,433 5,636,433
Total Deductions Allowed in PVS 259,982,941,279 265,597,333,765 260,205,250,012