taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

124/Jim Hogg

124-901/Jim Hogg ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 84,410,090 .7256 116,331,436 116,331,436
B. Multi-Family Residences 1,812,340 N/A 1,812,340 1,812,340
C1. Vacant Lots 2,628,320 N/A 2,628,320 2,628,320
C2. Colonia Lots 1,360,440 N/A 1,360,440 1,360,440
D1. Rural Real(Taxable) 47,164,460 .7947 59,345,574 59,345,574
D2. Real Prop Farm & Ranch 12,054,480 N/A 12,054,480 12,054,480
E. Real Prop NonQual Acres 13,940,210 N/A 13,940,210 13,940,210
F1. Commercial Real 18,813,170 .8278 22,726,709 22,726,709
F2. Industrial Real 27,086,910 N/A 27,086,910 27,086,910
G. Oil, Gas, Minerals 73,219,240 1.0062 72,768,078 72,768,078
J. Utilities 60,843,200 1.0575 57,534,941 57,534,941
L1. Commercial Personal 9,914,930 N/A 9,914,930 9,914,930
L2. Industrial Personal 19,702,020 N/A 19,702,020 19,702,020
M. Other Personal 219,900 N/A 219,900 219,900
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 373,169,710 417,426,288 417,426,288
Less Total Deductions 28,121,210   35,014,566 35,014,566
Total Taxable Value 345,048,500 382,411,722 382,411,722 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
393,361,112 382,411,722 390,059,532 379,110,142 383,078,938 379,777,358


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
10,949,390 3,301,580


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
393,361,112 382,411,722 390,059,532 379,110,142 383,078,938 379,777,358

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)