taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

243/Wichita

243-905/Wichita Falls ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 2,675,335,381 N/A 2,675,335,381 2,675,335,381
B. Multi-Family Residences 194,890,719 N/A 194,890,719 194,890,719
C1. Vacant Lots 52,555,562 N/A 52,555,562 52,555,562
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,960,800 N/A 1,960,800 1,960,800
D2. Real Prop Farm & Ranch 622,999 N/A 622,999 622,999
E. Real Prop NonQual Acres 13,715,856 N/A 13,715,856 13,715,856
F1. Commercial Real 862,016,768 N/A 862,016,768 862,016,768
F2. Industrial Real 33,318,884 N/A 33,318,884 33,318,884
G. Oil, Gas, Minerals 4,566,140 N/A 4,566,140 4,566,140
J. Utilities 185,551,634 N/A 185,551,634 185,551,634
L1. Commercial Personal 462,185,709 N/A 462,185,709 462,185,709
L2. Industrial Personal 105,491,066 N/A 105,491,066 105,491,066
M. Other Personal 2,277,736 N/A 2,277,736 2,277,736
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 10,064,313 N/A 10,064,313 10,064,313
S. Special Inventory 28,037,931 N/A 28,037,931 28,037,931
Subtotal 4,632,591,498 4,632,591,498 4,632,591,498
Less Total Deductions 511,072,214   511,072,214 511,072,214
Total Taxable Value 4,121,519,284 4,121,519,284 4,121,519,284 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
4,279,564,381 4,121,519,284 4,279,564,381 4,121,519,284 4,169,125,451 4,169,125,451


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
158,045,097 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
4,279,564,381 4,121,519,284 4,279,564,381 4,121,519,284 4,169,125,451 4,169,125,451

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