taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

182/Palo Pinto

182-906/Palo Pinto ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 384,116,050 .9975 385,078,747 384,116,050
B. Multi-Family Residences 2,232,470 N/A 2,232,470 2,232,470
C1. Vacant Lots 66,231,850 .9700 68,280,258 66,231,850
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,946,850 .8465 8,206,944 6,946,850
D2. Real Prop Farm & Ranch 1,024,340 N/A 1,024,340 1,024,340
E. Real Prop NonQual Acres 20,251,290 N/A 20,251,290 20,251,290
F1. Commercial Real 14,174,270 N/A 14,174,270 14,174,270
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 9,757,075 N/A 9,757,075 9,757,075
J. Utilities 13,502,420 N/A 13,502,420 13,502,420
L1. Commercial Personal 2,570,920 N/A 2,570,920 2,570,920
L2. Industrial Personal 10,302,350 N/A 10,302,350 10,302,350
M. Other Personal 946,410 N/A 946,410 946,410
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 4,916,600 N/A 4,916,600 4,916,600
S. Special Inventory 0 N/A 0 0
Subtotal 536,972,895 541,244,094 536,972,895
Less Total Deductions 21,688,118   21,780,093 21,688,118
Total Taxable Value 515,284,777 519,464,001 515,284,777 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
518,040,077 515,284,777 509,976,855 507,221,555 515,971,547 507,908,325


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,755,300 8,063,222


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
518,040,077 515,284,777 509,976,855 507,221,555 515,971,547 507,908,325

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