taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

001/Anderson

001-907/Palestine ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 427,150,678 .9629 443,608,555 427,150,678
B. Multi-Family Residences 26,694,379 N/A 26,694,379 26,694,379
C1. Vacant Lots 8,583,992 N/A 8,583,992 8,583,992
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,536,764 .9519 11,069,130 10,536,764
D2. Real Prop Farm & Ranch 854,665 N/A 854,665 854,665
E. Real Prop NonQual Acres 224,103,145 .9279 241,516,483 224,103,145
F1. Commercial Real 214,424,791 .9398 228,160,024 214,424,791
F2. Industrial Real 42,828,273 N/A 42,828,273 42,828,273
G. Oil, Gas, Minerals 3,272,677 N/A 3,272,677 3,272,677
J. Utilities 73,562,384 .9630 76,388,768 73,562,384
L1. Commercial Personal 107,467,795 1.0575 101,624,392 107,467,795
L2. Industrial Personal 92,393,054 N/A 92,393,054 92,393,054
M. Other Personal 10,270,304 N/A 10,270,304 10,270,304
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 264,208 N/A 264,208 264,208
S. Special Inventory 6,687,581 N/A 6,687,581 6,687,581
Subtotal 1,249,094,690 1,294,216,485 1,249,094,690
Less Total Deductions 223,543,057   231,134,058 223,543,057
Total Taxable Value 1,025,551,633 1,063,082,427 1,025,551,633 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
1,065,905,323 1,025,551,633 1,065,905,323 1,025,551,633


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
40,353,690 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
1,065,905,323 1,025,551,633 1,065,905,323 1,025,551,633

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