taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

178/Nueces

178-912/Tuloso-Midway ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 379,354,207 1.0119 374,892,981 379,354,207
B. Multi-Family Residences 21,533,540 N/A 21,533,540 21,533,540
C1. Vacant Lots 107,719,226 .9956 108,195,285 107,719,226
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,446,160 .9150 5,951,989 5,446,160
D2. Real Prop Farm & Ranch 96,383 N/A 96,383 96,383
E. Real Prop NonQual Acres 16,297,962 N/A 16,297,962 16,297,962
F1. Commercial Real 187,375,305 1.0578 177,136,798 187,375,305
F2. Industrial Real 999,190,501 N/A 999,190,501 999,190,501
G. Oil, Gas, Minerals 5,951,960 N/A 5,951,960 5,951,960
J. Utilities 57,784,340 .9289 62,207,277 57,784,340
L1. Commercial Personal 234,781,048 1.0213 229,884,508 234,781,048
L2. Industrial Personal 318,163,958 N/A 318,163,958 318,163,958
M. Other Personal 5,117,840 N/A 5,117,840 5,117,840
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 777,656 N/A 777,656 777,656
S. Special Inventory 5,611,844 N/A 5,611,844 5,611,844
Subtotal 2,345,201,930 2,331,010,482 2,345,201,930
Less Total Deductions 111,869,780   110,747,718 111,869,780
Total Taxable Value 2,233,332,150 2,220,262,764 2,233,332,150 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
2,257,766,691 2,233,332,150 2,228,330,759 2,203,896,218 2,235,287,690 2,205,851,758


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
24,434,541 29,435,932


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
2,257,766,691 2,233,332,150 2,228,330,759 2,203,896,218 2,235,287,690 2,205,851,758

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