taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

024/Brooks

024-901/Brooks County 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 57,347,021 .6457 88,813,723 57,347,021
B. Multi-Family Residences 126,066 N/A 126,066 126,066
C1. Vacant Lots 3,304,897 N/A 3,304,897 3,304,897
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 53,285,366 .9733 54,746,738 53,285,366
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 49,305,750 .6853 71,947,687 49,305,750
F1. Commercial Real 34,561,739 .7838 44,095,100 34,561,739
F2. Industrial Real 953,960 N/A 953,960 953,960
G. Oil, Gas, Minerals 389,524,290 .9938 391,954,407 389,524,290
J. Utilities 71,267,330 .8907 80,012,720 71,267,330
L1. Commercial Personal 12,692,580 N/A 12,692,580 12,692,580
L2. Industrial Personal 25,410,840 N/A 25,410,840 25,410,840
M. Other Personal 3,977,503 N/A 3,977,503 3,977,503
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 701,757,342 778,036,221 701,757,342
Less Total Deductions 34,282,624   49,327,493 34,282,624
Total Taxable Value 667,474,718 728,708,728 667,474,718 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
681,090,333 667,474,718 681,090,333 667,474,718 668,145,554 668,145,554


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,615,615 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
681,090,333 667,474,718 681,090,333 667,474,718 668,145,554 668,145,554

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.