taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

107/Henderson

107-907/Trinidad 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 15,080,640 .8838 17,063,408 15,080,640
B. Multi-Family Residences 130,270 N/A 130,270 130,270
C1. Vacant Lots 507,870 N/A 507,870 507,870
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 653,530 1.2692 514,908 653,530
D2. Real Prop Farm & Ranch 2,200 N/A 2,200 2,200
E. Real Prop NonQual Acres 2,643,350 .7259 3,641,480 2,643,350
F1. Commercial Real 1,583,100 N/A 1,583,100 1,583,100
F2. Industrial Real 3,772,925 N/A 3,772,925 3,772,925
G. Oil, Gas, Minerals 1,502,747 N/A 1,502,747 1,502,747
J. Utilities 20,932,682 .9394 22,283,034 20,932,682
L1. Commercial Personal 372,920 N/A 372,920 372,920
L2. Industrial Personal 15,657,763 N/A 15,657,763 15,657,763
M. Other Personal 282,860 N/A 282,860 282,860
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 63,122,857 67,315,485 63,122,857
Less Total Deductions 21,135,720   21,835,495 21,135,720
Total Taxable Value 41,987,137 45,479,990 41,987,137 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
44,190,777 41,987,137 43,108,784 40,905,144 42,123,348 41,041,355


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,203,640 1,081,993


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
44,190,777 41,987,137 43,108,784 40,905,144 42,123,348 41,041,355

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.