taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

129/Kaufman

129-902/Forney ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 1,957,761,980 .9434 2,075,219,398 1,957,761,980
B. Multi-Family Residences 17,520,500 N/A 17,520,500 17,520,500
C1. Vacant Lots 25,267,180 N/A 25,267,180 25,267,180
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,374,240 .9894 4,421,139 4,374,240
D2. Real Prop Farm & Ranch 2,079,310 N/A 2,079,310 2,079,310
E. Real Prop NonQual Acres 67,283,635 N/A 67,283,635 67,283,635
F1. Commercial Real 212,404,231 .9569 221,971,189 212,404,231
F2. Industrial Real 386,631,280 N/A 386,631,280 386,631,280
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 52,342,240 N/A 52,342,240 52,342,240
L1. Commercial Personal 82,550,530 N/A 82,550,530 82,550,530
L2. Industrial Personal 145,762,960 N/A 145,762,960 145,762,960
M. Other Personal 2,342,240 N/A 2,342,240 2,342,240
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 13,853,567 N/A 13,853,567 13,853,567
S. Special Inventory 343,080 N/A 343,080 343,080
Subtotal 2,970,516,973 3,097,588,248 2,970,516,973
Less Total Deductions 356,763,016   372,010,748 356,763,016
Total Taxable Value 2,613,753,957 2,725,577,500 2,613,753,957 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
2,696,251,442 2,613,753,957 2,696,251,442 2,613,753,957


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
82,497,485 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
2,696,251,442 2,613,753,957 2,696,251,442 2,613,753,957

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 invalid, but local value was certified because your school district is in year one of the grace period.