taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

178/Nueces

178-906/London ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 204,233,310 .9737 209,749,728 204,233,310
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 12,529,161 .9641 12,995,707 12,529,161
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 15,204,678 .9174 16,574,054 15,204,678
D2. Real Prop Farm & Ranch 955,671 N/A 955,671 955,671
E. Real Prop NonQual Acres 32,349,870 1.0556 30,645,955 32,349,870
F1. Commercial Real 4,092,355 N/A 4,092,355 4,092,355
F2. Industrial Real 1,027,073 N/A 1,027,073 1,027,073
G. Oil, Gas, Minerals 16,053,610 1.0179 15,771,304 16,053,610
J. Utilities 16,333,180 N/A 16,333,180 16,333,180
L1. Commercial Personal 2,632,000 N/A 2,632,000 2,632,000
L2. Industrial Personal 1,794,636 N/A 1,794,636 1,794,636
M. Other Personal 365,747 N/A 365,747 365,747
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 3,861,540 N/A 3,861,540 3,861,540
S. Special Inventory 102,204 N/A 102,204 102,204
Subtotal 311,535,035 316,901,154 311,535,035
Less Total Deductions 32,617,297   33,647,963 32,617,297
Total Taxable Value 278,917,738 283,253,191 278,917,738 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
283,472,738 278,917,738 283,472,738 278,917,738 278,969,706 278,969,706


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,555,000 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
283,472,738 278,917,738 283,472,738 278,917,738 278,969,706 278,969,706

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