taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

009/Bailey

185-902/Farwell ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 8,729 N/A 8,729 8,729
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,048,602 N/A 3,048,602 3,048,602
D2. Real Prop Farm & Ranch 1,076,795 N/A 1,076,795 1,076,795
E. Real Prop NonQual Acres 3,054,350 N/A 3,054,350 3,054,350
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 117,805 N/A 117,805 117,805
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 329,820 N/A 329,820 329,820
L1. Commercial Personal 97,750 N/A 97,750 97,750
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 106,111 N/A 106,111 106,111
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 7,839,962 7,839,962 7,839,962
Less Total Deductions 566,533   566,533 566,533
Total Taxable Value 7,273,429 7,273,429 7,273,429 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
7,483,429 7,273,429 7,483,429 7,273,429 7,273,429 7,273,429


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
210,000 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
7,483,429 7,273,429 7,483,429 7,273,429 7,273,429 7,273,429

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

185/Parmer

185-902/Farwell ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 34,420,981 1.0294 33,437,907 34,420,981
B. Multi-Family Residences 810,618 N/A 810,618 810,618
C1. Vacant Lots 513,837 N/A 513,837 513,837
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 20,650,552 1.4087 14,659,813 20,650,552
D2. Real Prop Farm & Ranch 3,219,746 N/A 3,219,746 3,219,746
E. Real Prop NonQual Acres 24,878,277 .9469 26,273,394 24,878,277
F1. Commercial Real 3,590,720 N/A 3,590,720 3,590,720
F2. Industrial Real 30,767,705 N/A 30,767,705 30,767,705
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 23,479,562 1.0261 22,882,333 23,479,562
L1. Commercial Personal 6,654,069 .9977 6,669,409 6,654,069
L2. Industrial Personal 13,267,648 N/A 13,267,648 13,267,648
M. Other Personal 106,587 N/A 106,587 106,587
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 186,089 N/A 186,089 186,089
Subtotal 162,546,391 156,385,806 162,546,391
Less Total Deductions 16,288,676   15,831,705 16,288,676
Total Taxable Value 146,257,715 140,554,101 146,257,715 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
151,099,410 146,257,715 151,099,410 146,257,715 146,257,715 146,257,715


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,841,695 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
151,099,410 146,257,715 151,099,410 146,257,715 146,257,715 146,257,715

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 invalid, but local value was certified because local value is greater than PTAD value.

185-902/Farwell ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 34,429,710 1.0294 33,446,636 34,429,710
B. Multi-Family Residences 810,618 N/A 810,618 810,618
C1. Vacant Lots 513,837 N/A 513,837 513,837
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 23,699,154 1.3383 17,708,415 23,699,154
D2. Real Prop Farm & Ranch 4,296,541 N/A 4,296,541 4,296,541
E. Real Prop NonQual Acres 27,932,627 .9524 29,327,744 27,932,627
F1. Commercial Real 3,590,720 N/A 3,590,720 3,590,720
F2. Industrial Real 30,885,510 N/A 30,885,510 30,885,510
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 23,809,382 1.0257 23,212,153 23,809,382
L1. Commercial Personal 6,751,819 .9977 6,767,159 6,751,819
L2. Industrial Personal 13,267,648 N/A 13,267,648 13,267,648
M. Other Personal 212,698 N/A 212,698 212,698
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 186,089 N/A 186,089 186,089
Subtotal 170,386,353 164,225,768 170,386,353
Less Total Deductions 16,855,209   16,398,238 16,855,209
Total Taxable Value 153,531,144 147,827,530 153,531,144 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