taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

026/Burleson

026-903/Snook 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 29,276,809 .8260 35,444,079 29,276,809
B. Multi-Family Residences 202,081 N/A 202,081 202,081
C1. Vacant Lots 5,255,480 N/A 5,255,480 5,255,480
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,645,133 .9068 12,842,193 11,645,133
D2. Real Prop Farm & Ranch 7,510,844 N/A 7,510,844 7,510,844
E. Real Prop NonQual Acres 63,551,107 .8030 79,142,101 63,551,107
F1. Commercial Real 6,055,741 N/A 6,055,741 6,055,741
F2. Industrial Real 854,459 N/A 854,459 854,459
G. Oil, Gas, Minerals 13,572,630 1.0043 13,514,518 13,572,630
J. Utilities 18,616,220 .9944 18,721,058 18,616,220
L1. Commercial Personal 4,098,669 1.0180 4,026,197 4,098,669
L2. Industrial Personal 11,216,070 N/A 11,216,070 11,216,070
M. Other Personal 4,937,060 N/A 4,937,060 4,937,060
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 70,035 N/A 70,035 70,035
S. Special Inventory 0 N/A 0 0
Subtotal 176,862,338 199,791,916 176,862,338
Less Total Deductions 25,102,584   29,382,189 25,102,584
Total Taxable Value 151,759,754 170,409,727 151,759,754 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
158,568,813 151,759,754 158,568,813 151,759,754 152,143,550 152,143,550


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,809,059 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
158,568,813 151,759,754 158,568,813 151,759,754 152,143,550 152,143,550

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.