taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

145/Leon

145-902/Centerville ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 34,905,300 .7703 45,313,904 45,313,904
B. Multi-Family Residences 783,520 N/A 783,520 783,520
C1. Vacant Lots 2,647,090 N/A 2,647,090 2,647,090
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 12,689,380 1.2877 9,854,034 9,854,034
D2. Real Prop Farm & Ranch 6,536,420 N/A 6,536,420 6,536,420
E. Real Prop NonQual Acres 134,157,730 .7202 186,278,437 186,278,437
F1. Commercial Real 13,848,050 N/A 13,848,050 13,848,050
F2. Industrial Real 71,080 N/A 71,080 71,080
G. Oil, Gas, Minerals 201,733,920 1.0298 195,896,213 195,896,213
J. Utilities 54,415,840 .9792 55,571,732 55,571,732
L1. Commercial Personal 10,459,860 N/A 10,459,860 10,459,860
L2. Industrial Personal 21,043,880 N/A 21,043,880 21,043,880
M. Other Personal 5,499,020 N/A 5,499,020 5,499,020
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 498,791,090 553,803,240 553,803,240
Less Total Deductions 43,025,591   55,216,357 55,216,357
Total Taxable Value 455,765,499 498,586,883 498,586,883 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
510,857,643 498,586,883 506,136,128 493,865,368 498,586,883 493,865,368


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,270,760 4,721,515


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
510,857,643 498,586,883 506,136,128 493,865,368 498,586,883 493,865,368

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)