taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

169/Montague

169-902/Nocona 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 113,351,040 .9049 125,263,609 113,351,040
B. Multi-Family Residences 3,939,640 N/A 3,939,640 3,939,640
C1. Vacant Lots 4,486,730 N/A 4,486,730 4,486,730
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,928,890 1.1671 5,079,822 5,928,890
D2. Real Prop Farm & Ranch 410,060 N/A 410,060 410,060
E. Real Prop NonQual Acres 59,143,540 .9229 64,084,451 59,143,540
F1. Commercial Real 21,872,340 .9652 22,660,941 21,872,340
F2. Industrial Real 989,770 N/A 989,770 989,770
G. Oil, Gas, Minerals 26,091,610 1.0212 25,549,951 26,091,610
J. Utilities 32,793,750 .9707 33,783,610 32,793,750
L1. Commercial Personal 6,383,880 N/A 6,383,880 6,383,880
L2. Industrial Personal 5,046,690 N/A 5,046,690 5,046,690
M. Other Personal 1,959,850 N/A 1,959,850 1,959,850
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 378,330 N/A 378,330 378,330
S. Special Inventory 152,080 N/A 152,080 152,080
Subtotal 282,928,200 300,169,414 282,928,200
Less Total Deductions 34,782,080   39,709,354 34,782,080
Total Taxable Value 248,146,120 260,460,060 248,146,120 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
259,127,582 248,146,120 259,127,582 248,146,120 251,514,870 251,514,870


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
10,981,462 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
259,127,582 248,146,120 259,127,582 248,146,120 251,514,870 251,514,870

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.