taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

073/Falls

073-901/Chilton 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 19,962,100 .8615 23,171,329 19,962,100
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,160,050 N/A 1,160,050 1,160,050
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,111,450 1.0887 6,531,798 7,111,450
D2. Real Prop Farm & Ranch 238,160 N/A 238,160 238,160
E. Real Prop NonQual Acres 19,574,080 .8922 21,939,117 19,574,080
F1. Commercial Real 966,510 N/A 966,510 966,510
F2. Industrial Real 1,039,720 N/A 1,039,720 1,039,720
G. Oil, Gas, Minerals 58,610 N/A 58,610 58,610
J. Utilities 16,503,700 .9763 16,904,333 16,503,700
L1. Commercial Personal 3,011,720 N/A 3,011,720 3,011,720
L2. Industrial Personal 2,592,870 N/A 2,592,870 2,592,870
M. Other Personal 1,324,110 N/A 1,324,110 1,324,110
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 73,543,080 78,938,327 73,543,080
Less Total Deductions 12,727,437   14,645,376 12,727,437
Total Taxable Value 60,815,643 64,292,951 60,815,643 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
65,162,156 60,815,643 65,162,156 60,815,643 60,815,643 60,815,643


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,346,513 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
65,162,156 60,815,643 65,162,156 60,815,643 60,815,643 60,815,643

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.