taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

011/Bastrop

011-904/Smithville 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 332,361,822 .9410 353,200,661 332,361,822
B. Multi-Family Residences 4,825,699 N/A 4,825,699 4,825,699
C1. Vacant Lots 19,970,024 N/A 19,970,024 19,970,024
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,208,725 1.2815 10,307,274 13,208,725
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 206,976,559 .8608 240,446,746 206,976,559
F1. Commercial Real 40,096,198 .8986 44,620,741 40,096,198
F2. Industrial Real 1,575,107 N/A 1,575,107 1,575,107
G. Oil, Gas, Minerals 10,400,049 N/A 10,400,049 10,400,049
J. Utilities 37,373,378 .5070 73,714,750 37,373,378
L1. Commercial Personal 12,579,877 N/A 12,579,877 12,579,877
L2. Industrial Personal 6,272,000 N/A 6,272,000 6,272,000
M. Other Personal 14,631,723 N/A 14,631,723 14,631,723
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 127,779 N/A 127,779 127,779
Subtotal 700,398,940 792,672,430 700,398,940
Less Total Deductions 79,528,251   87,638,169 79,528,251
Total Taxable Value 620,870,689 705,034,261 620,870,689 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
645,741,314 620,870,689 645,741,314 620,870,689 625,860,977 625,860,977


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
24,870,625 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
645,741,314 620,870,689 645,741,314 620,870,689 625,860,977 625,860,977

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.

075/Fayette

011-904/Smithville ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 1,973,760 N/A 1,973,760 1,973,760
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 246,450 N/A 246,450 246,450
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 541,190 N/A 541,190 541,190
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 9,186,240 N/A 9,186,240 9,186,240
F1. Commercial Real 159,170 N/A 159,170 159,170
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 528,940 N/A 528,940 528,940
J. Utilities 1,717,560 N/A 1,717,560 1,717,560
L1. Commercial Personal 35,480 N/A 35,480 35,480
L2. Industrial Personal 252,830 N/A 252,830 252,830
M. Other Personal 120,120 N/A 120,120 120,120
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 14,761,740 14,761,740 14,761,740
Less Total Deductions 933,206   933,206 933,206
Total Taxable Value 13,828,534 13,828,534 13,828,534 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
14,235,134 13,828,534 14,235,134 13,828,534 13,828,534 13,828,534


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
406,600 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
14,235,134 13,828,534 14,235,134 13,828,534 13,828,534 13,828,534

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

011-904/Smithville ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 334,335,582 .9413 355,174,421 334,335,582
B. Multi-Family Residences 4,825,699 N/A 4,825,699 4,825,699
C1. Vacant Lots 20,216,474 N/A 20,216,474 20,216,474
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,749,915 1.2675 10,848,464 13,749,915
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 216,162,799 .8659 249,632,986 216,162,799
F1. Commercial Real 40,255,368 .8990 44,779,911 40,255,368
F2. Industrial Real 1,575,107 N/A 1,575,107 1,575,107
G. Oil, Gas, Minerals 10,928,989 N/A 10,928,989 10,928,989
J. Utilities 39,090,938 .5182 75,432,310 39,090,938
L1. Commercial Personal 12,615,357 N/A 12,615,357 12,615,357
L2. Industrial Personal 6,524,830 N/A 6,524,830 6,524,830
M. Other Personal 14,751,843 N/A 14,751,843 14,751,843
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 127,779 N/A 127,779 127,779
Subtotal 715,160,680 807,434,170 715,160,680
Less Total Deductions 80,461,457   88,571,375 80,461,457
Total Taxable Value 634,699,223 718,862,795 634,699,223 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