taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

091/Grayson

091-918/Tom Bean 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 116,804,443 .9283 125,826,180 116,804,443
B. Multi-Family Residences 1,392,012 N/A 1,392,012 1,392,012
C1. Vacant Lots 1,875,361 N/A 1,875,361 1,875,361
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,993,287 1.1646 2,570,209 2,993,287
D2. Real Prop Farm & Ranch 3,558,364 N/A 3,558,364 3,558,364
E. Real Prop NonQual Acres 54,204,002 .9834 55,118,977 54,204,002
F1. Commercial Real 4,991,979 N/A 4,991,979 4,991,979
F2. Industrial Real 364,492 N/A 364,492 364,492
G. Oil, Gas, Minerals 43,629 N/A 43,629 43,629
J. Utilities 11,301,277 N/A 11,301,277 11,301,277
L1. Commercial Personal 3,474,548 N/A 3,474,548 3,474,548
L2. Industrial Personal 1,350,481 N/A 1,350,481 1,350,481
M. Other Personal 1,579,054 N/A 1,579,054 1,579,054
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 131,760 N/A 131,760 131,760
S. Special Inventory 15,336 N/A 15,336 15,336
Subtotal 204,080,025 213,593,659 204,080,025
Less Total Deductions 37,035,539   41,160,950 37,035,539
Total Taxable Value 167,044,486 172,432,709 167,044,486 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
177,985,480 167,044,486 177,985,480 167,044,486 169,306,657 169,306,657


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
10,940,994 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
177,985,480 167,044,486 177,985,480 167,044,486 169,306,657 169,306,657

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.