taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

198/Robertson

198-905/Hearne ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 96,780,830 N/A 96,780,830 96,780,830
B. Multi-Family Residences 4,916,890 N/A 4,916,890 4,916,890
C1. Vacant Lots 4,707,466 N/A 4,707,466 4,707,466
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,313,660 N/A 6,313,660 6,313,660
D2. Real Prop Farm & Ranch 5,231,219 N/A 5,231,219 5,231,219
E. Real Prop NonQual Acres 73,832,322 N/A 73,832,322 73,832,322
F1. Commercial Real 32,623,870 N/A 32,623,870 32,623,870
F2. Industrial Real 10,129,113 N/A 10,129,113 10,129,113
G. Oil, Gas, Minerals 100,947,286 N/A 100,947,286 100,947,286
J. Utilities 45,377,690 N/A 45,377,690 45,377,690
L1. Commercial Personal 14,228,857 N/A 14,228,857 14,228,857
L2. Industrial Personal 91,005,933 N/A 91,005,933 91,005,933
M. Other Personal 6,409,149 N/A 6,409,149 6,409,149
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 492,504,285 492,504,285 492,504,285
Less Total Deductions 58,111,061   58,111,061 58,111,061
Total Taxable Value 434,393,224 434,393,224 434,393,224 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
448,747,234 434,393,224 448,747,234 434,393,224 434,393,224 434,393,224


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,354,010 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
448,747,234 434,393,224 448,747,234 434,393,224 434,393,224 434,393,224

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