taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

026/Burleson

026-902/Somerville 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 87,619,971 .9108 96,201,110 87,619,971
B. Multi-Family Residences 537,859 N/A 537,859 537,859
C1. Vacant Lots 13,067,071 .7251 18,021,061 13,067,071
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,423,563 1.2965 3,412,053 4,423,563
D2. Real Prop Farm & Ranch 6,341,795 N/A 6,341,795 6,341,795
E. Real Prop NonQual Acres 56,542,899 .8212 68,853,993 56,542,899
F1. Commercial Real 16,829,851 .8895 18,920,574 16,829,851
F2. Industrial Real 3,080,722 N/A 3,080,722 3,080,722
G. Oil, Gas, Minerals 11,007,520 .9721 11,323,444 11,007,520
J. Utilities 24,595,764 1.0094 24,366,717 24,595,764
L1. Commercial Personal 5,205,726 N/A 5,205,726 5,205,726
L2. Industrial Personal 31,535,340 N/A 31,535,340 31,535,340
M. Other Personal 5,446,263 N/A 5,446,263 5,446,263
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 567 N/A 567 567
Subtotal 266,234,911 293,247,224 266,234,911
Less Total Deductions 48,650,915   52,781,130 48,650,915
Total Taxable Value 217,583,996 240,466,094 217,583,996 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
228,977,147 217,583,996 228,977,147 217,583,996 218,319,111 218,319,111


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,393,151 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
228,977,147 217,583,996 228,977,147 217,583,996 218,319,111 218,319,111

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.