taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

202/Sabine

202-903/Hemphill ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 297,292,810 .7886 376,988,093 376,988,093
B. Multi-Family Residences 465,840 N/A 465,840 465,840
C1. Vacant Lots 27,023,314 .7433 36,355,864 36,355,864
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,855,600 1.0319 17,303,564 17,303,564
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 40,064,792 .7185 55,761,715 55,761,715
F1. Commercial Real 29,814,714 .9094 32,785,038 32,785,038
F2. Industrial Real 138,170 N/A 138,170 138,170
G. Oil, Gas, Minerals 5,502,168 N/A 5,502,168 5,502,168
J. Utilities 30,766,305 .8823 34,870,571 34,870,571
L1. Commercial Personal 11,145,575 N/A 11,145,575 11,145,575
L2. Industrial Personal 6,091,023 N/A 6,091,023 6,091,023
M. Other Personal 9,027,100 N/A 9,027,100 9,027,100
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 475,187,411 586,434,721 586,434,721
Less Total Deductions 76,523,424   104,612,522 104,612,522
Total Taxable Value 398,663,987 481,822,199 481,822,199 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
506,268,242 481,822,199 506,268,242 481,822,199 488,578,161 488,578,161


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
24,446,043 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
506,268,242 481,822,199 506,268,242 481,822,199 488,578,161 488,578,161

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)