taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

066/Duval

066-903/Freer 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 49,900,330 .7508 66,462,880 49,900,330
B. Multi-Family Residences 987,310 N/A 987,310 987,310
C1. Vacant Lots 1,685,170 N/A 1,685,170 1,685,170
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,489,571 .9603 18,211,919 17,489,571
D2. Real Prop Farm & Ranch 3,000 N/A 3,000 3,000
E. Real Prop NonQual Acres 23,201,479 .8053 28,810,976 23,201,479
F1. Commercial Real 19,743,510 N/A 19,743,510 19,743,510
F2. Industrial Real 5,109,920 N/A 5,109,920 5,109,920
G. Oil, Gas, Minerals 98,986,470 1.0062 98,376,535 98,986,470
J. Utilities 79,574,550 .8730 91,150,687 79,574,550
L1. Commercial Personal 9,305,770 N/A 9,305,770 9,305,770
L2. Industrial Personal 47,355,680 N/A 47,355,680 47,355,680
M. Other Personal 1,497,620 N/A 1,497,620 1,497,620
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 354,840,380 388,700,977 354,840,380
Less Total Deductions 30,886,013   37,139,423 30,886,013
Total Taxable Value 323,954,367 351,561,554 323,954,367 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
329,586,944 323,954,367 326,625,326 320,992,749


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,632,577 2,961,618


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
329,586,944 323,954,367 326,625,326 320,992,749

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.