taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

026/Burleson

026-902/Somerville ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 89,969,469 .9381 95,906,054 89,969,469
B. Multi-Family Residences 625,945 N/A 625,945 625,945
C1. Vacant Lots 17,262,007 .9321 18,519,480 17,262,007
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,768,288 .9385 4,015,023 3,768,288
D2. Real Prop Farm & Ranch 6,390,443 N/A 6,390,443 6,390,443
E. Real Prop NonQual Acres 65,569,515 .9342 70,187,877 65,569,515
F1. Commercial Real 19,141,935 .9735 19,663,005 19,141,935
F2. Industrial Real 3,062,871 N/A 3,062,871 3,062,871
G. Oil, Gas, Minerals 51,307,490 N/A 51,307,490 51,307,490
J. Utilities 24,536,079 .9822 24,980,736 24,536,079
L1. Commercial Personal 4,632,052 N/A 4,632,052 4,632,052
L2. Industrial Personal 49,750,610 N/A 49,750,610 49,750,610
M. Other Personal 5,488,073 N/A 5,488,073 5,488,073
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 341,504,777 354,529,659 341,504,777
Less Total Deductions 58,613,325   61,504,840 58,613,325
Total Taxable Value 282,891,452 293,024,819 282,891,452 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
291,868,423 282,891,452 291,868,423 282,891,452


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,976,971 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
291,868,423 282,891,452 291,868,423 282,891,452

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