taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

226/Tom Green

226-908/Veribest ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 31,360,230 .9240 33,939,643 31,360,230
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 424,530 N/A 424,530 424,530
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 15,379,640 .8313 18,501,646 15,379,640
D2. Real Prop Farm & Ranch 2,513,000 N/A 2,513,000 2,513,000
E. Real Prop NonQual Acres 19,324,930 .9543 20,250,372 19,324,930
F1. Commercial Real 3,362,540 N/A 3,362,540 3,362,540
F2. Industrial Real 7,858,110 N/A 7,858,110 7,858,110
G. Oil, Gas, Minerals 925,580 N/A 925,580 925,580
J. Utilities 18,221,720 .9164 19,884,024 18,221,720
L1. Commercial Personal 15,044,970 1.0077 14,930,009 15,044,970
L2. Industrial Personal 8,201,290 N/A 8,201,290 8,201,290
M. Other Personal 224,650 N/A 224,650 224,650
N. Intangible Personal Prop 370 N/A 370 370
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 560,690 N/A 560,690 560,690
Subtotal 123,402,250 131,576,454 123,402,250
Less Total Deductions 14,034,882   15,244,803 14,034,882
Total Taxable Value 109,367,368 116,331,651 109,367,368 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
112,498,898 109,367,368 110,672,253 107,540,723 110,436,748 108,610,103


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,131,530 1,826,645


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
112,498,898 109,367,368 110,672,253 107,540,723 110,436,748 108,610,103

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 your school district is in year two of the grace period.