taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

014/Bell

014-903/Belton 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 2,098,028,582 .9611 2,182,945,148 2,098,028,582
B. Multi-Family Residences 87,220,356 N/A 87,220,356 87,220,356
C1. Vacant Lots 66,924,082 N/A 66,924,082 66,924,082
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,740,024 .7064 9,541,779 6,740,024
D2. Real Prop Farm & Ranch 2,196,726 N/A 2,196,726 2,196,726
E. Real Prop NonQual Acres 164,080,381 .8423 194,800,405 164,080,381
F1. Commercial Real 203,851,114 .9549 213,479,018 203,851,114
F2. Industrial Real 17,709,226 N/A 17,709,226 17,709,226
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 55,421,117 N/A 55,421,117 55,421,117
L1. Commercial Personal 97,318,646 N/A 97,318,646 97,318,646
L2. Industrial Personal 61,415,963 N/A 61,415,963 61,415,963
M. Other Personal 5,184,623 N/A 5,184,623 5,184,623
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 54,283,957 N/A 54,283,957 54,283,957
S. Special Inventory 2,934,298 N/A 2,934,298 2,934,298
Subtotal 2,923,309,095 3,051,375,344 2,923,309,095
Less Total Deductions 461,282,400   480,916,436 461,282,400
Total Taxable Value 2,462,026,695 2,570,458,908 2,462,026,695 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
2,563,559,455 2,462,026,695 2,563,559,455 2,462,026,695


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
101,532,760 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
2,563,559,455 2,462,026,695 2,563,559,455 2,462,026,695

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.