taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

248/Winkler

248-901/Kermit ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 88,177,777 .7112 123,984,501 88,177,777
B. Multi-Family Residences 1,618,780 N/A 1,618,780 1,618,780
C1. Vacant Lots 790,670 N/A 790,670 790,670
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 741,684 .3673 2,019,019 741,684
D2. Real Prop Farm & Ranch 143,412 N/A 143,412 143,412
E. Real Prop NonQual Acres 5,825,955 N/A 5,825,955 5,825,955
F1. Commercial Real 23,041,940 N/A 23,041,940 23,041,940
F2. Industrial Real 123,122,390 N/A 123,122,390 123,122,390
G. Oil, Gas, Minerals 552,396,187 1.0368 532,789,532 552,396,187
J. Utilities 58,023,820 .9992 58,070,276 58,023,820
L1. Commercial Personal 10,567,650 N/A 10,567,650 10,567,650
L2. Industrial Personal 121,328,680 N/A 121,328,680 121,328,680
M. Other Personal 1,517,130 N/A 1,517,130 1,517,130
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 987,296,075 1,004,819,935 987,296,075
Less Total Deductions 124,749,275   133,784,854 124,749,275
Total Taxable Value 862,546,800 871,035,081 862,546,800 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
875,727,175 862,546,800 869,999,842 856,819,467 862,630,573 856,903,240


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,180,375 5,727,333


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
965,603,245 952,422,870 959,875,912 946,695,537 952,506,643 946,779,310

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