taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

126/Johnson

126-908/Venus ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 148,112,758 N/A 148,112,758 148,112,758
B. Multi-Family Residences 784,933 N/A 784,933 784,933
C1. Vacant Lots 13,370,727 N/A 13,370,727 13,370,727
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,683,389 N/A 1,683,389 1,683,389
D2. Real Prop Farm & Ranch 737,259 N/A 737,259 737,259
E. Real Prop NonQual Acres 25,521,236 N/A 25,521,236 25,521,236
F1. Commercial Real 7,983,066 N/A 7,983,066 7,983,066
F2. Industrial Real 14,502,788 N/A 14,502,788 14,502,788
G. Oil, Gas, Minerals 25,038,679 N/A 25,038,679 25,038,679
J. Utilities 24,553,638 N/A 24,553,638 24,553,638
L1. Commercial Personal 5,123,252 N/A 5,123,252 5,123,252
L2. Industrial Personal 6,668,750 N/A 6,668,750 6,668,750
M. Other Personal 9,685,845 N/A 9,685,845 9,685,845
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 612,638 N/A 612,638 612,638
S. Special Inventory 20,010 N/A 20,010 20,010
Subtotal 284,398,968 284,398,968 284,398,968
Less Total Deductions 31,552,561   31,552,561 31,552,561
Total Taxable Value 252,846,407 252,846,407 252,846,407 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
267,584,276 252,846,407 267,584,276 252,846,407 254,286,697 254,286,697


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,737,869 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
267,584,276 252,846,407 267,584,276 252,846,407 254,286,697 254,286,697

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 to be valid, and local value was certified