taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

090/Gray

090-902/Lefors ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 6,255,390 N/A 6,255,390 6,255,390
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 188,050 N/A 188,050 188,050
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,431,610 1.0090 3,401,009 3,431,610
D2. Real Prop Farm & Ranch 213,810 N/A 213,810 213,810
E. Real Prop NonQual Acres 5,280,820 N/A 5,280,820 5,280,820
F1. Commercial Real 374,620 N/A 374,620 374,620
F2. Industrial Real 141,810 N/A 141,810 141,810
G. Oil, Gas, Minerals 137,028,730 1.0143 135,096,845 137,028,730
J. Utilities 37,615,430 N/A 37,615,430 37,615,430
L1. Commercial Personal 2,661,000 N/A 2,661,000 2,661,000
L2. Industrial Personal 2,404,710 N/A 2,404,710 2,404,710
M. Other Personal 141,510 N/A 141,510 141,510
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 195,737,490 193,775,004 195,737,490
Less Total Deductions 3,181,327   3,181,327 3,181,327
Total Taxable Value 192,556,163 190,593,677 192,556,163 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
193,931,183 192,556,163 193,931,183 192,556,163 192,567,214 192,567,214


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,375,020 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
193,931,183 192,556,163 193,931,183 192,556,163 192,567,214 192,567,214

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