taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

083/Gaines

083-903/Seminole ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 231,058,113 N/A 231,058,113 231,058,113
B. Multi-Family Residences 6,439,440 N/A 6,439,440 6,439,440
C1. Vacant Lots 36,706,879 N/A 36,706,879 36,706,879
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 85,624,481 1.7368 49,301,367 85,624,481
D2. Real Prop Farm & Ranch 3,833,367 N/A 3,833,367 3,833,367
E. Real Prop NonQual Acres 275,976,642 N/A 275,976,642 275,976,642
F1. Commercial Real 91,756,689 N/A 91,756,689 91,756,689
F2. Industrial Real 278,643,990 N/A 278,643,990 278,643,990
G. Oil, Gas, Minerals 2,415,769,071 1.0323 2,340,181,218 2,415,769,071
J. Utilities 126,921,820 N/A 126,921,820 126,921,820
L1. Commercial Personal 66,917,830 N/A 66,917,830 66,917,830
L2. Industrial Personal 197,574,210 N/A 197,574,210 197,574,210
M. Other Personal 24,431,439 N/A 24,431,439 24,431,439
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 17,020 N/A 17,020 17,020
S. Special Inventory 2,602,810 N/A 2,602,810 2,602,810
Subtotal 3,844,273,801 3,732,362,834 3,844,273,801
Less Total Deductions 127,069,819   127,069,819 127,069,819
Total Taxable Value 3,717,203,982 3,605,293,015 3,717,203,982 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
3,741,720,669 3,717,203,982 3,741,720,669 3,717,203,982


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
24,516,687 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
3,741,720,669 3,717,203,982 3,741,720,669 3,717,203,982

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

The PVS found your local value to be valid, and local value was certified