taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

225/Titus

225-906/Chapel Hill ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 60,962,481 N/A 60,962,481 60,962,481
B. Multi-Family Residences 43,937 N/A 43,937 43,937
C1. Vacant Lots 838,629 N/A 838,629 838,629
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,489,787 N/A 2,489,787 2,489,787
D2. Real Prop Farm & Ranch 4,490,868 N/A 4,490,868 4,490,868
E. Real Prop NonQual Acres 42,490,474 N/A 42,490,474 42,490,474
F1. Commercial Real 1,160,425 N/A 1,160,425 1,160,425
F2. Industrial Real 1,767,909 N/A 1,767,909 1,767,909
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 4,942,945 N/A 4,942,945 4,942,945
L1. Commercial Personal 1,441,037 N/A 1,441,037 1,441,037
L2. Industrial Personal 2,082,650 N/A 2,082,650 2,082,650
M. Other Personal 2,769,864 N/A 2,769,864 2,769,864
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 320,455 N/A 320,455 320,455
S. Special Inventory 0 N/A 0 0
Subtotal 125,801,461 125,801,461 125,801,461
Less Total Deductions 17,117,159   17,117,159 17,117,159
Total Taxable Value 108,684,302 108,684,302 108,684,302 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
115,306,199 108,684,302 115,306,199 108,684,302 108,897,759 108,897,759


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,621,897 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
115,306,199 108,684,302 115,306,199 108,684,302 108,897,759 108,897,759

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