taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

039/Clay

039-903/Petrolia ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 68,905,980 N/A 68,905,980 68,905,980
B. Multi-Family Residences 233,630 N/A 233,630 233,630
C1. Vacant Lots 1,523,050 N/A 1,523,050 1,523,050
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,236,660 N/A 14,236,660 14,236,660
D2. Real Prop Farm & Ranch 3,062,920 N/A 3,062,920 3,062,920
E. Real Prop NonQual Acres 26,565,180 N/A 26,565,180 26,565,180
F1. Commercial Real 2,953,960 N/A 2,953,960 2,953,960
F2. Industrial Real 50,200 N/A 50,200 50,200
G. Oil, Gas, Minerals 3,024,700 N/A 3,024,700 3,024,700
J. Utilities 32,951,020 N/A 32,951,020 32,951,020
L1. Commercial Personal 2,738,030 N/A 2,738,030 2,738,030
L2. Industrial Personal 410,100 N/A 410,100 410,100
M. Other Personal 1,274,270 N/A 1,274,270 1,274,270
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 17,190 N/A 17,190 17,190
Subtotal 157,946,890 157,946,890 157,946,890
Less Total Deductions 28,172,858   28,172,858 28,172,858
Total Taxable Value 129,774,032 129,774,032 129,774,032 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
136,685,462 129,774,032 136,685,462 129,774,032


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,911,430 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
136,685,462 129,774,032 136,685,462 129,774,032

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