taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

035/Castro

035-902/Hart ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 15,794,860 .9496 16,633,172 15,794,860
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 131,720 N/A 131,720 131,720
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 37,196,730 .9156 40,624,199 37,196,730
D2. Real Prop Farm & Ranch 6,200,230 1.4120 4,391,098 6,200,230
E. Real Prop NonQual Acres 4,552,280 .8971 5,074,440 4,552,280
F1. Commercial Real 1,581,450 N/A 1,581,450 1,581,450
F2. Industrial Real 7,180,340 N/A 7,180,340 7,180,340
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 15,751,650 1.0154 15,512,754 15,751,650
L1. Commercial Personal 1,721,050 N/A 1,721,050 1,721,050
L2. Industrial Personal 2,987,140 N/A 2,987,140 2,987,140
M. Other Personal 129,010 N/A 129,010 129,010
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 10,560 N/A 10,560 10,560
Subtotal 93,237,020 95,976,933 93,237,020
Less Total Deductions 7,433,582   7,726,457 7,433,582
Total Taxable Value 85,803,438 88,250,476 85,803,438 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
87,476,378 85,803,438 87,476,378 85,803,438


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,672,940 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
87,476,378 85,803,438 87,476,378 85,803,438

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