taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

078/Foard

244-903/Vernon ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 19,950 N/A 19,950 19,950
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 6,420 N/A 6,420 6,420
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 328,830 N/A 328,830 328,830
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 661,680 N/A 661,680 661,680
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 360 N/A 360 360
G. Oil, Gas, Minerals 2,190 N/A 2,190 2,190
J. Utilities 203,690 N/A 203,690 203,690
L1. Commercial Personal 8,450 N/A 8,450 8,450
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 0 N/A 0 0
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 1,231,570 1,231,570 1,231,570
Less Total Deductions 95,640   95,640 95,640
Total Taxable Value 1,135,930 1,135,930 1,135,930 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
1,181,380 1,135,930 1,181,380 1,135,930 1,135,930 1,135,930


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
45,450 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
1,181,380 1,135,930 1,181,380 1,135,930 1,135,930 1,135,930

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

244/Wilbarger

244-903/Vernon 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 201,926,640 .9546 211,530,107 201,926,640
B. Multi-Family Residences 11,080,800 N/A 11,080,800 11,080,800
C1. Vacant Lots 4,376,410 N/A 4,376,410 4,376,410
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 25,779,190 .8069 31,946,771 25,779,190
D2. Real Prop Farm & Ranch 3,159,090 N/A 3,159,090 3,159,090
E. Real Prop NonQual Acres 54,657,520 .7798 70,091,716 54,657,520
F1. Commercial Real 59,785,900 .9027 66,230,088 59,785,900
F2. Industrial Real 238,721,940 N/A 238,721,940 238,721,940
G. Oil, Gas, Minerals 28,822,890 .9914 29,072,917 28,822,890
J. Utilities 154,973,860 1.0029 154,525,735 154,973,860
L1. Commercial Personal 30,479,320 .9980 30,540,401 30,479,320
L2. Industrial Personal 70,246,450 N/A 70,246,450 70,246,450
M. Other Personal 1,182,050 N/A 1,182,050 1,182,050
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 13,927,530 N/A 13,927,530 13,927,530
Subtotal 899,119,590 936,632,005 899,119,590
Less Total Deductions 86,776,731   89,576,837 86,776,731
Total Taxable Value 812,342,859 847,055,168 812,342,859 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
837,695,169 812,342,859 837,695,169 812,342,859 816,248,034 816,248,034


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
25,352,310 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
837,695,169 812,342,859 837,695,169 812,342,859 816,248,034 816,248,034

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.

244-903/Vernon ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 201,946,590 .9546 211,550,057 201,946,590
B. Multi-Family Residences 11,080,800 N/A 11,080,800 11,080,800
C1. Vacant Lots 4,382,830 N/A 4,382,830 4,382,830
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 26,108,020 .8089 32,275,601 26,108,020
D2. Real Prop Farm & Ranch 3,159,090 N/A 3,159,090 3,159,090
E. Real Prop NonQual Acres 55,319,200 .7819 70,753,396 55,319,200
F1. Commercial Real 59,785,900 .9027 66,230,088 59,785,900
F2. Industrial Real 238,722,300 N/A 238,722,300 238,722,300
G. Oil, Gas, Minerals 28,825,080 .9914 29,075,107 28,825,080
J. Utilities 155,177,550 1.0029 154,729,425 155,177,550
L1. Commercial Personal 30,487,770 .9980 30,548,851 30,487,770
L2. Industrial Personal 70,246,450 N/A 70,246,450 70,246,450
M. Other Personal 1,182,050 N/A 1,182,050 1,182,050
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 13,927,530 N/A 13,927,530 13,927,530
Subtotal 900,351,160 937,863,575 900,351,160
Less Total Deductions 86,872,371   89,672,477 86,872,371
Total Taxable Value 813,478,789 848,191,098 813,478,789 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