taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

035/Castro

035-903/Nazareth ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 19,891,050 .9666 20,578,367 19,891,050
B. Multi-Family Residences 70,780 N/A 70,780 70,780
C1. Vacant Lots 121,180 N/A 121,180 121,180
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,140,130 .8981 10,177,188 9,140,130
D2. Real Prop Farm & Ranch 1,549,450 N/A 1,549,450 1,549,450
E. Real Prop NonQual Acres 6,327,880 1.0250 6,173,541 6,327,880
F1. Commercial Real 1,033,740 N/A 1,033,740 1,033,740
F2. Industrial Real 66,360 N/A 66,360 66,360
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 26,445,290 1.0154 26,044,209 26,445,290
L1. Commercial Personal 1,308,210 N/A 1,308,210 1,308,210
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 260,820 N/A 260,820 260,820
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 66,214,890 67,383,845 66,214,890
Less Total Deductions 7,314,110   7,519,632 7,314,110
Total Taxable Value 58,900,780 59,864,213 58,900,780 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
60,664,930 58,900,780 60,664,930 58,900,780


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,764,150 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
60,664,930 58,900,780 60,664,930 58,900,780

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