taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

009/Bailey

185-902/Farwell ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 8,729 N/A 8,729 8,729
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,061,278 N/A 3,061,278 3,061,278
D2. Real Prop Farm & Ranch 1,076,795 N/A 1,076,795 1,076,795
E. Real Prop NonQual Acres 2,683,025 N/A 2,683,025 2,683,025
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 117,805 N/A 117,805 117,805
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 392,840 N/A 392,840 392,840
L1. Commercial Personal 56,500 N/A 56,500 56,500
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 100,653 N/A 100,653 100,653
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 7,497,625 7,497,625 7,497,625
Less Total Deductions 753,342   753,342 753,342
Total Taxable Value 6,744,283 6,744,283 6,744,283 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
6,944,283 6,744,283 6,944,283 6,744,283


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
200,000 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
6,944,283 6,744,283 6,944,283 6,744,283

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

185/Parmer

185-902/Farwell ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 36,657,734 1.0207 35,914,308 36,657,734
B. Multi-Family Residences 1,026,034 N/A 1,026,034 1,026,034
C1. Vacant Lots 767,120 N/A 767,120 767,120
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 20,101,974 1.4588 13,780,061 20,101,974
D2. Real Prop Farm & Ranch 3,150,544 N/A 3,150,544 3,150,544
E. Real Prop NonQual Acres 25,779,820 .9831 26,222,989 25,779,820
F1. Commercial Real 4,237,840 N/A 4,237,840 4,237,840
F2. Industrial Real 33,679,992 N/A 33,679,992 33,679,992
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 25,514,399 1.0204 25,004,311 25,514,399
L1. Commercial Personal 21,814,165 1.0664 20,455,894 21,814,165
L2. Industrial Personal 10,953,636 N/A 10,953,636 10,953,636
M. Other Personal 106,587 N/A 106,587 106,587
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 153,011 N/A 153,011 153,011
Subtotal 183,942,856 175,452,327 183,942,856
Less Total Deductions 18,951,015   18,631,200 18,951,015
Total Taxable Value 164,991,841 156,821,127 164,991,841 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
168,983,685 164,991,841 168,983,685 164,991,841


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,991,844 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
168,983,685 164,991,841 168,983,685 164,991,841

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 local value is greater than PTAD value.

185-902/Farwell ISD



Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 36,666,463 1.0207 35,923,037 36,666,463
B. Multi-Family Residences 1,026,034 N/A 1,026,034 1,026,034
C1. Vacant Lots 767,120 N/A 767,120 767,120
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 23,163,252 1.3754 16,841,339 23,163,252
D2. Real Prop Farm & Ranch 4,227,339 N/A 4,227,339 4,227,339
E. Real Prop NonQual Acres 28,462,845 .9847 28,906,014 28,462,845
F1. Commercial Real 4,237,840 N/A 4,237,840 4,237,840
F2. Industrial Real 33,797,797 N/A 33,797,797 33,797,797
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 25,907,239 1.0201 25,397,151 25,907,239
L1. Commercial Personal 21,870,665 1.0662 20,512,394 21,870,665
L2. Industrial Personal 10,953,636 N/A 10,953,636 10,953,636
M. Other Personal 207,240 N/A 207,240 207,240
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 153,011 N/A 153,011 153,011
Subtotal 191,440,481 182,949,952 191,440,481
Less Total Deductions 19,704,357   19,384,542 19,704,357
Total Taxable Value 171,736,124 163,565,410 171,736,124 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