taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

095/Hale

140-905/Olton ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 931,398 N/A 931,398 931,398
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,642,785 1.2542 14,066,593 17,642,785
D2. Real Prop Farm & Ranch 1,814 N/A 1,814 1,814
E. Real Prop NonQual Acres 4,609,774 .9856 4,677,125 4,609,774
F1. Commercial Real 63,203 N/A 63,203 63,203
F2. Industrial Real 190,408 N/A 190,408 190,408
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 2,060,950 N/A 2,060,950 2,060,950
L1. Commercial Personal 763,319 N/A 763,319 763,319
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 26,263,651 22,754,810 26,263,651
Less Total Deductions 1,124,884   1,124,884 1,124,884
Total Taxable Value 25,138,767 21,629,926 25,138,767 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
25,400,993 25,138,767 25,400,993 25,138,767 25,138,767 25,138,767


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
262,226 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
25,400,993 25,138,767 25,400,993 25,138,767 25,138,767 25,138,767

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 local value is greater than PTAD value.

140/Lamb

140-905/Olton ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 27,874,400 .8363 33,330,623 33,330,623
B. Multi-Family Residences 83,440 N/A 83,440 83,440
C1. Vacant Lots 354,640 N/A 354,640 354,640
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 36,365,352 .9757 37,270,122 37,270,122
D2. Real Prop Farm & Ranch 1,896,900 N/A 1,896,900 1,896,900
E. Real Prop NonQual Acres 15,757,480 .6513 24,193,889 24,193,889
F1. Commercial Real 4,997,970 N/A 4,997,970 4,997,970
F2. Industrial Real 10,069,370 N/A 10,069,370 10,069,370
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 10,829,000 N/A 10,829,000 10,829,000
L1. Commercial Personal 6,581,130 .9946 6,616,861 6,616,861
L2. Industrial Personal 3,153,990 N/A 3,153,990 3,153,990
M. Other Personal 701,130 N/A 701,130 701,130
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 994,200 N/A 994,200 994,200
Subtotal 119,659,002 134,492,135 134,492,135
Less Total Deductions 10,405,397   12,007,520 12,007,520
Total Taxable Value 109,253,605 122,484,615 122,484,615 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
127,224,545 122,484,615 127,224,545 122,484,615 123,129,972 123,129,972


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,739,930 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
127,224,545 122,484,615 127,224,545 122,484,615 123,129,972 123,129,972

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)

140-905/Olton ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 28,805,798 .8408 34,262,021 34,262,021
B. Multi-Family Residences 83,440 N/A 83,440 83,440
C1. Vacant Lots 354,640 N/A 354,640 354,640
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 54,008,137 1.0520 51,336,715 54,912,907
D2. Real Prop Farm & Ranch 1,898,714 N/A 1,898,714 1,898,714
E. Real Prop NonQual Acres 20,367,254 .7055 28,871,014 28,803,663
F1. Commercial Real 5,061,173 N/A 5,061,173 5,061,173
F2. Industrial Real 10,259,778 N/A 10,259,778 10,259,778
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 12,889,950 N/A 12,889,950 12,889,950
L1. Commercial Personal 7,344,449 .9952 7,380,180 7,380,180
L2. Industrial Personal 3,153,990 N/A 3,153,990 3,153,990
M. Other Personal 701,130 N/A 701,130 701,130
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 994,200 N/A 994,200 994,200
Subtotal 145,922,653 157,246,945 160,755,786
Less Total Deductions 11,530,281   13,132,404 13,132,404
Total Taxable Value 134,392,372 144,114,541 147,623,382 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