taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

169/Montague

169-909/Prairie Valley ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 25,642,700 .8849 28,978,077 25,642,700
B. Multi-Family Residences 111,950 N/A 111,950 111,950
C1. Vacant Lots 1,595,020 N/A 1,595,020 1,595,020
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,788,690 1.1291 4,241,073 4,788,690
D2. Real Prop Farm & Ranch 295,800 N/A 295,800 295,800
E. Real Prop NonQual Acres 15,779,860 .8697 18,144,027 15,779,860
F1. Commercial Real 308,800 N/A 308,800 308,800
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 96,918,320 1.0147 95,514,260 96,918,320
J. Utilities 24,583,230 N/A 24,583,230 24,583,230
L1. Commercial Personal 14,480 N/A 14,480 14,480
L2. Industrial Personal 1,609,290 N/A 1,609,290 1,609,290
M. Other Personal 769,530 N/A 769,530 769,530
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 215,130 N/A 215,130 215,130
S. Special Inventory 0 N/A 0 0
Subtotal 172,632,800 176,380,667 172,632,800
Less Total Deductions 5,737,225   7,043,368 5,737,225
Total Taxable Value 166,895,575 169,337,299 166,895,575 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
168,720,765 166,895,575 168,720,765 166,895,575 167,518,460 167,518,460


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,825,190 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
168,720,765 166,895,575 168,720,765 166,895,575 167,518,460 167,518,460

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