taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

176/Newton

176-902/Newton ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 107,455,559 .9748 110,233,442 107,455,559
B. Multi-Family Residences 907,948 N/A 907,948 907,948
C1. Vacant Lots 5,251,594 N/A 5,251,594 5,251,594
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 34,513,174 1.0652 32,401,268 34,513,174
D2. Real Prop Farm & Ranch 19,052 N/A 19,052 19,052
E. Real Prop NonQual Acres 70,662,463 1.0379 68,082,150 70,662,463
F1. Commercial Real 13,013,809 N/A 13,013,809 13,013,809
F2. Industrial Real 2,079,558 N/A 2,079,558 2,079,558
G. Oil, Gas, Minerals 69,603,941 1.0134 68,683,581 69,603,941
J. Utilities 24,436,551 N/A 24,436,551 24,436,551
L1. Commercial Personal 4,761,061 N/A 4,761,061 4,761,061
L2. Industrial Personal 6,686,470 N/A 6,686,470 6,686,470
M. Other Personal 12,594,889 N/A 12,594,889 12,594,889
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 8,000 N/A 8,000 8,000
S. Special Inventory 0 N/A 0 0
Subtotal 351,994,069 349,159,373 351,994,069
Less Total Deductions 69,302,553   70,941,282 69,302,553
Total Taxable Value 282,691,516 278,218,091 282,691,516 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
299,572,623 282,691,516 287,871,601 270,990,494 282,842,059 271,141,037


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
16,881,107 11,701,022


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
299,572,623 282,691,516 287,871,601 270,990,494 282,842,059 271,141,037

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