taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

176/Newton

176-901/Burkeville ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 103,234,131 .9971 103,534,381 103,234,131
B. Multi-Family Residences 41,645 N/A 41,645 41,645
C1. Vacant Lots 7,455,082 N/A 7,455,082 7,455,082
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 28,997,419 1.0543 27,502,684 28,997,419
D2. Real Prop Farm & Ranch 112,172 N/A 112,172 112,172
E. Real Prop NonQual Acres 23,115,713 N/A 23,115,713 23,115,713
F1. Commercial Real 3,453,353 N/A 3,453,353 3,453,353
F2. Industrial Real 385,000 N/A 385,000 385,000
G. Oil, Gas, Minerals 80,591,530 1.0266 78,503,341 80,591,530
J. Utilities 15,287,181 N/A 15,287,181 15,287,181
L1. Commercial Personal 1,596,277 N/A 1,596,277 1,596,277
L2. Industrial Personal 2,163,580 N/A 2,163,580 2,163,580
M. Other Personal 5,779,151 N/A 5,779,151 5,779,151
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 272,212,234 268,929,560 272,212,234
Less Total Deductions 31,662,686   31,769,453 31,662,686
Total Taxable Value 240,549,548 237,160,107 240,549,548 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
247,231,499 240,549,548 241,697,464 235,015,513 240,650,604 235,116,569


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,681,951 5,534,035


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
247,231,499 240,549,548 241,697,464 235,015,513 240,650,604 235,116,569

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