taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

175/Navarro

175-911/Rice ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 21,463,930 N/A 21,463,930 21,463,930
B. Multi-Family Residences 75,100 N/A 75,100 75,100
C1. Vacant Lots 3,246,513 N/A 3,246,513 3,246,513
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,943,020 N/A 2,943,020 2,943,020
D2. Real Prop Farm & Ranch 577,570 N/A 577,570 577,570
E. Real Prop NonQual Acres 54,872,562 N/A 54,872,562 54,872,562
F1. Commercial Real 6,893,310 N/A 6,893,310 6,893,310
F2. Industrial Real 654,950 N/A 654,950 654,950
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 23,427,650 N/A 23,427,650 23,427,650
L1. Commercial Personal 1,837,590 N/A 1,837,590 1,837,590
L2. Industrial Personal 440,150 N/A 440,150 440,150
M. Other Personal 6,032,550 N/A 6,032,550 6,032,550
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 413,400 N/A 413,400 413,400
S. Special Inventory 1,503,620 N/A 1,503,620 1,503,620
Subtotal 124,381,915 124,381,915 124,381,915
Less Total Deductions 13,986,438   13,986,438 13,986,438
Total Taxable Value 110,395,477 110,395,477 110,395,477 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
115,927,304 110,395,477 115,927,304 110,395,477 110,841,129 110,841,129


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,531,827 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
115,927,304 110,395,477 115,927,304 110,395,477 110,841,129 110,841,129

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