taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 State Totals

Totals by Category

Category 2015
Local Value
2015
PTAD Value
2015
Value Assigned
A Single-Family Residences 1,199,775,529,930 1,228,798,614,770 1,200,492,748,997
B Multifamily Residences 138,001,903,996 140,429,110,846 138,001,903,996
C1 Vacant Lots 45,268,927,986 46,220,190,625 45,304,314,747
C2 Colonia Lots 142,593,187 142,593,187 142,593,187
D1 Real Prop. Qualified Acres 12,782,975,140 12,646,572,756 12,810,948,491
D2 Real Property Farm and Ranch 3,659,158,527 3,661,577,672 3,659,158,527
E Real Property - Non Qualified Acres 76,516,113,769 78,646,283,627 76,621,194,967
F1 Commercial Real 377,449,081,031 388,012,606,201 377,474,951,079
F2 Industrial Real 120,175,365,849 120,175,365,849 120,175,365,849
G Oil, Gas, & Minerals 117,854,473,622 117,134,233,874 117,842,423,381
J Utilities 68,338,515,724 70,002,328,251 68,330,126,680
L1 Commercial Personal 151,318,458,358 150,815,964,215 151,318,502,335
L2 Industrial Personal 128,537,293,471 128,537,293,471 128,537,293,471
M Mobile Homes & Other Personal 6,212,525,973 6,212,525,973 6,212,525,973
N Intangible Personal Property 58,137 58,137 58,137
O Residential Inventory 8,348,469,692 8,348,469,692 8,348,469,692
S Special Inventory 7,318,954,448 7,318,954,448 7,318,954,448
Subtotal 2,461,700,398,840 2,507,102,743,594 2,462,591,533,957
Less Total Deductions 338,854,291,059 345,817,679,269 339,020,476,308
Total Taxable Value 2,122,846,107,781 2,161,285,064,325 2,123,571,057,649

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 T4 will be the same as T7 through T10.

Value Taxable for M&O Purposes

PVS Deductions

T1 T2 T3 T4
2,171,243,852,706 2,123,571,057,649 2,150,614,060,477 2,102,941,265,420

Loss to
the Additional
$10,000 Homestead
Exemption
50% of the Loss
to the Local Optional
Percentage Homestead
Exemption
47,672,795,057 20,629,792,229

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
2,190,799,652,371 2,143,126,857,314 2,170,169,860,142 2,122,497,065,085

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

Deduction Detail

Deductions Allowed in PVS Local Value PTAD Value Assigned Value
Homestead - State-Mandated Homestead Exemption 124,471,973,293 124,471,973,293 124,471,973,293
Homestead - State-Mandated Over-65 or Disabled $10,000 16,010,022,490 16,010,022,490 16,010,022,490
Homestead - 100% Disabled Or Unemployable Veterans 7,203,182,209 7,203,182,209 7,203,182,209
Homestead - Disabled Or Deceased Veterans 1,771,591,728 1,771,591,728 1,771,591,728
Homestead - Over-65 or Disabled Freeze Loss 73,981,066,667 80,040,654,481 74,136,231,302
Homestead - 10% Appraisal Cap Loss 38,111,985,799 39,015,786,195 38,123,006,413
Freeport 31,004,923,964 31,004,923,964 31,004,923,964
Pollution Control 9,996,767,810 9,996,767,810 9,996,767,810
Difference Between Taxable and Limited Value for
Chapter 313 Value Limitation Agreement
19,555,799,665 19,555,799,665 19,555,799,665
Tax Increment Financing 14,220,013,821 14,220,013,821 14,220,013,821
Low Income Housing, Counties Under 1.8 Million Pop 19,530,893 19,530,893 19,530,893
Solar and Wind-Powered 53,077,019 53,077,019 53,077,019
Deferred Taxes 2,186,919,367 2,186,919,367 2,186,919,367
Prorations 265,558,152 265,558,152 265,558,152
Home Donated by Charity to Disabled Veteran 1,878,182 1,878,182 1,878,182
Total Deductions Allowed in PVS 338,854,291,059 345,817,679,269 339,020,476,308