taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

245/Willacy

245-903/Raymondville ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 99,586,512 N/A 99,586,512 99,586,512
B. Multi-Family Residences 570,952 N/A 570,952 570,952
C1. Vacant Lots 4,424,313 N/A 4,424,313 4,424,313
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,536,980 N/A 14,536,980 14,536,980
D2. Real Prop Farm & Ranch 1,806,773 N/A 1,806,773 1,806,773
E. Real Prop NonQual Acres 21,189,099 N/A 21,189,099 21,189,099
F1. Commercial Real 49,177,797 N/A 49,177,797 49,177,797
F2. Industrial Real 1,515,286 N/A 1,515,286 1,515,286
G. Oil, Gas, Minerals 40,245,570 N/A 40,245,570 40,245,570
J. Utilities 27,443,408 N/A 27,443,408 27,443,408
L1. Commercial Personal 114,205,251 N/A 114,205,251 114,205,251
L2. Industrial Personal 4,779,537 N/A 4,779,537 4,779,537
M. Other Personal 1,753,949 N/A 1,753,949 1,753,949
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 727,489 N/A 727,489 727,489
Subtotal 381,962,916 381,962,916 381,962,916
Less Total Deductions 122,428,907   122,428,907 122,428,907
Total Taxable Value 259,534,009 259,534,009 259,534,009 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
277,014,270 259,534,009 277,014,270 259,534,009 260,364,478 260,364,478


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
17,480,261 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
359,051,521 341,571,260 359,051,521 341,571,260 342,401,729 342,401,729

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