taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

057/Dallas

057-909/Garland ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 9,712,786,840 .9714 9,998,751,122 9,712,786,840
B. Multi-Family Residences 805,030,310 .9102 884,454,307 805,030,310
C1. Vacant Lots 288,305,640 .9477 304,216,144 288,305,640
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 399,705 .9565 417,885 399,705
D2. Real Prop Farm & Ranch 812,260 N/A 812,260 812,260
E. Real Prop NonQual Acres 4,978,880 N/A 4,978,880 4,978,880
F1. Commercial Real 2,387,815,440 .8761 2,725,505,582 2,387,815,440
F2. Industrial Real 181,996,270 N/A 181,996,270 181,996,270
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 229,861,080 N/A 229,861,080 229,861,080
L1. Commercial Personal 993,148,640 1.0571 939,503,018 993,148,640
L2. Industrial Personal 815,459,180 N/A 815,459,180 815,459,180
M. Other Personal 4,964,010 N/A 4,964,010 4,964,010
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 52,500 N/A 52,500 52,500
S. Special Inventory 39,133,880 N/A 39,133,880 39,133,880
Subtotal 15,464,744,635 16,130,106,118 15,464,744,635
Less Total Deductions 1,681,004,255   1,742,173,417 1,681,004,255
Total Taxable Value 13,783,740,380 14,387,932,701 13,783,740,380 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
14,334,758,864 13,783,740,380 14,334,758,864 13,783,740,380 13,783,740,380 13,783,740,380


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
551,018,484 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
14,334,758,864 13,783,740,380 14,334,758,864 13,783,740,380 13,783,740,380 13,783,740,380

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