taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 State Totals

Totals by Category

Category 2014
Local Value
2014
PTAD Value
2014
Value Assigned
A Single-Family Residences 1,084,897,439,324 1,111,648,033,317 1,086,141,283,013
B Multifamily Residences 119,418,210,933 123,580,302,367 119,422,193,017
C1 Vacant Lots 42,507,670,698 43,607,463,870 42,567,517,476
C2 Colonia Lots 141,555,197 141,555,197 141,555,197
D1 Real Prop. Qualified Acres 12,781,037,576 12,555,766,739 12,813,627,003
D2 Real Property Farm and Ranch 3,388,288,809 3,387,122,982 3,388,288,809
E Real Property - Non Qualified Acres 71,531,400,490 73,702,003,951 71,950,714,423
F1 Commercial Real 342,978,084,853 356,133,714,938 343,083,838,499
F2 Industrial Real 110,162,614,772 110,162,614,772 110,162,614,772
G Oil, Gas, & Minerals 158,045,085,249 156,839,245,579 158,031,589,786
J Utilities 64,122,353,439 65,300,753,376 64,182,511,071
L1 Commercial Personal 142,215,853,821 140,894,577,500 142,208,623,004
L2 Industrial Personal 124,338,336,043 124,338,336,043 124,338,336,043
M Mobile Homes & Other Personal 6,001,550,713 6,001,550,713 6,001,550,713
N Intangible Personal Property 46,162 46,162 46,162
O Residential Inventory 7,139,237,034 7,139,237,034 7,139,237,034
S Special Inventory 6,100,419,962 6,100,419,962 6,100,419,962
Subtotal 2,295,769,185,075 2,341,532,744,502 2,297,673,945,984
Less Total Deductions 259,645,411,966 265,626,851,999 259,993,052,829
Total Taxable Value 2,036,123,773,109 2,075,905,892,503 2,037,680,893,155

Measures of a School District Wealth

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 Operations (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
2,087,004,516,626 2,037,680,893,155 2,067,854,565,386 2,018,530,941,915 2,046,298,885,690 2,027,148,934,450

PVS Deductions

Loss to
the Additional
$10,000 Homestead
Exemption
50% of the Loss
to the Local Optional
Percentage Homestead
Exemption
49,323,623,471 19,149,951,240

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
2,105,049,954,577 2,055,726,331,106 2,085,900,003,337 2,036,576,379,866 2,064,344,323,641 2,045,194,372,401

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

Deduction Detail

Deductions Allowed in PVS Local Value PTAD Value Assigned Value
Homestead - State-Mandated General $15,000 74,635,263,471 74,635,263,471 74,635,263,471
Homestead - State-Mandated Over-65 or Disabled $10,000 16,105,791,349 16,105,791,349 16,105,791,349
Homestead - 100% Disabled Or Unemployable Veterans 6,299,464,106 6,299,464,106 6,299,464,106
Homestead - Disabled Or Deceased Veterans 1,723,037,112 1,723,037,112 1,723,037,112
Homestead - Over-65 or Disabled Freeze Loss 67,202,589,719 72,750,806,309 67,529,166,214
Homestead - 10% Appraisal Cap Loss 22,606,713,899 23,039,937,342 22,627,778,267
Freeport 27,602,435,619 27,602,435,619 27,602,435,619
Pollution Control 10,217,950,530 10,217,950,530 10,217,950,530
Difference Between Taxable and Limited Value for
Chapter 313 Value Limitation Agreement
18,045,437,951 18,045,437,951 18,045,437,951
Tax Increment Financing 12,985,718,194 12,985,718,194 12,985,718,194
Low Income Housing, Counties Under 1.8 Million Pop 23,866,820 23,866,820 23,866,820
Solar and Wind-Powered 60,653,266 60,653,266 60,653,266
Deferred Taxes 2,008,193,189 2,008,193,189 2,008,193,189
Prorations 122,434,869 122,434,869 122,434,869
Home Donated by Charity to Disabled Veteran 225,439 225,439 225,439
Methane Gas 5,636,433 5,636,433 5,636,433
Total Deductions Allowed in PVS 259,645,411,966 265,626,851,999 259,993,052,829