taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

125/Jim Wells

125-906/La Gloria 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 0 N/A 0 0
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) 3,104,370 .9262 3,351,876 3,104,370
D2. Real Prop Farm & Ranch 276,410 N/A 276,410 276,410
E. Real Prop NonQual Acres 11,600,189 .8531 13,597,690 11,600,189
F1. Commercial Real 71,927 N/A 71,927 71,927
F2. Industrial Real 27,774,719 N/A 27,774,719 27,774,719
G. Oil, Gas, Minerals 11,222,400 1.0056 11,159,905 11,222,400
J. Utilities 8,467,475 .8850 9,567,768 8,467,475
L1. Commercial Personal 52,946 N/A 52,946 52,946
L2. Industrial Personal 685,020 N/A 685,020 685,020
M. Other Personal 347,041 N/A 347,041 347,041
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 63,602,497 66,885,302 63,602,497
Less Total Deductions 2,230,504   2,230,504 2,230,504
Total Taxable Value 61,371,993 64,654,798 61,371,993 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
62,035,900 61,371,993 61,880,340 61,216,433 61,437,089 61,281,529


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
663,907 155,560


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
62,035,900 61,371,993 61,880,340 61,216,433 61,437,089 61,281,529

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.