taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

035/Castro

140-907/Springlake-Earth 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 496,400 N/A 496,400 496,400
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 3,380 N/A 3,380 3,380
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 16,134,200 .9199 17,538,326 16,134,200
D2. Real Prop Farm & Ranch 2,439,380 .9705 2,513,529 2,439,380
E. Real Prop NonQual Acres 2,519,560 .9686 2,601,239 2,519,560
F1. Commercial Real 92,510 N/A 92,510 92,510
F2. Industrial Real 7,254,670 N/A 7,254,670 7,254,670
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 2,483,260 .9965 2,491,982 2,483,260
L1. Commercial Personal 48,600 N/A 48,600 48,600
L2. Industrial Personal 216,850 N/A 216,850 216,850
M. Other Personal 43,010 N/A 43,010 43,010
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 31,731,820 33,300,496 31,731,820
Less Total Deductions 621,048   621,048 621,048
Total Taxable Value 31,110,772 32,679,448 31,110,772 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
31,258,412 31,110,772 31,258,412 31,110,772


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
147,640 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
31,258,412 31,110,772 31,258,412 31,110,772

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.

140/Lamb

140-907/Springlake-Earth ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 14,798,021 .8664 17,079,895 14,798,021
B. Multi-Family Residences 16,510 N/A 16,510 16,510
C1. Vacant Lots 212,040 N/A 212,040 212,040
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 19,358,163 1.0067 19,229,903 19,358,163
D2. Real Prop Farm & Ranch 1,022,300 N/A 1,022,300 1,022,300
E. Real Prop NonQual Acres 7,560,011 .8366 9,036,590 7,560,011
F1. Commercial Real 1,911,710 N/A 1,911,710 1,911,710
F2. Industrial Real 1,810,900 N/A 1,810,900 1,810,900
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 6,742,900 .9620 7,009,252 6,742,900
L1. Commercial Personal 1,583,080 N/A 1,583,080 1,583,080
L2. Industrial Personal 2,226,230 N/A 2,226,230 2,226,230
M. Other Personal 81,110 N/A 81,110 81,110
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 57,322,975 61,219,520 57,322,975
Less Total Deductions 7,597,988   8,286,430 7,597,988
Total Taxable Value 49,724,987 52,933,090 49,724,987 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
51,464,859 49,724,987 51,464,859 49,724,987


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,739,872 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
51,464,859 49,724,987 51,464,859 49,724,987

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 two of the grace period.

140-907/Springlake-Earth ISD



Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 15,294,421 .8702 17,576,295 15,294,421
B. Multi-Family Residences 16,510 N/A 16,510 16,510
C1. Vacant Lots 215,420 N/A 215,420 215,420
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 35,492,363 .9653 36,768,229 35,492,363
D2. Real Prop Farm & Ranch 3,461,680 .9790 3,535,829 3,461,680
E. Real Prop NonQual Acres 10,079,571 .8661 11,637,829 10,079,571
F1. Commercial Real 2,004,220 N/A 2,004,220 2,004,220
F2. Industrial Real 9,065,570 N/A 9,065,570 9,065,570
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 9,226,160 .9710 9,501,234 9,226,160
L1. Commercial Personal 1,631,680 N/A 1,631,680 1,631,680
L2. Industrial Personal 2,443,080 N/A 2,443,080 2,443,080
M. Other Personal 124,120 N/A 124,120 124,120
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 89,054,795 94,520,016 89,054,795
Less Total Deductions 8,219,036   8,907,478 8,219,036
Total Taxable Value 80,835,759 85,612,538 80,835,759 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