taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

125/Jim Wells

125-903/Orange Grove 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 47,946,298 .8944 53,607,220 47,946,298
B. Multi-Family Residences 1,743,459 N/A 1,743,459 1,743,459
C1. Vacant Lots 1,852,794 N/A 1,852,794 1,852,794
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,408,503 .8436 11,152,242 9,408,503
D2. Real Prop Farm & Ranch 3,062,074 N/A 3,062,074 3,062,074
E. Real Prop NonQual Acres 170,415,194 .9111 187,043,348 170,415,194
F1. Commercial Real 10,518,502 N/A 10,518,502 10,518,502
F2. Industrial Real 2,123,192 N/A 2,123,192 2,123,192
G. Oil, Gas, Minerals 960,020 N/A 960,020 960,020
J. Utilities 20,885,350 .8781 23,784,706 20,885,350
L1. Commercial Personal 10,435,164 N/A 10,435,164 10,435,164
L2. Industrial Personal 19,022,100 N/A 19,022,100 19,022,100
M. Other Personal 5,684,305 N/A 5,684,305 5,684,305
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 304,056,955 330,989,126 304,056,955
Less Total Deductions 37,596,074   41,968,976 37,596,074
Total Taxable Value 266,460,881 289,020,150 266,460,881 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
279,420,625 266,460,881 279,420,625 266,460,881 267,496,768 267,496,768


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,959,744 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
279,420,625 266,460,881 279,420,625 266,460,881 267,496,768 267,496,768

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.