taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

034/Cass

034-906/McLeod ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 9,958,370 N/A 9,958,370 9,958,370
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 52,480 N/A 52,480 52,480
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,275,862 N/A 3,275,862 3,275,862
D2. Real Prop Farm & Ranch 197,350 N/A 197,350 197,350
E. Real Prop NonQual Acres 12,606,869 N/A 12,606,869 12,606,869
F1. Commercial Real 103,780 N/A 103,780 103,780
F2. Industrial Real 24,000 N/A 24,000 24,000
G. Oil, Gas, Minerals 11,179,563 N/A 11,179,563 11,179,563
J. Utilities 1,523,660 N/A 1,523,660 1,523,660
L1. Commercial Personal 315,441 N/A 315,441 315,441
L2. Industrial Personal 54,880 N/A 54,880 54,880
M. Other Personal 1,265,240 N/A 1,265,240 1,265,240
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 40,557,495 40,557,495 40,557,495
Less Total Deductions 7,105,741   7,105,741 7,105,741
Total Taxable Value 33,451,754 33,451,754 33,451,754 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
35,858,159 33,451,754 35,858,159 33,451,754 33,600,497 33,600,497


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,406,405 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
35,858,159 33,451,754 35,858,159 33,451,754 33,600,497 33,600,497

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