taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

071/El Paso

071-909/Socorro ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 6,779,588,661 N/A 6,779,588,661 6,779,588,661
B. Multi-Family Residences 263,775,591 N/A 263,775,591 263,775,591
C1. Vacant Lots 293,034,638 N/A 293,034,638 293,034,638
C2. Colonia Lots 1,142,180 N/A 1,142,180 1,142,180
D1. Rural Real(Taxable) 2,424,572 N/A 2,424,572 2,424,572
D2. Real Prop Farm & Ranch 137,094 N/A 137,094 137,094
E. Real Prop NonQual Acres 44,945,528 N/A 44,945,528 44,945,528
F1. Commercial Real 1,361,751,326 N/A 1,361,751,326 1,361,751,326
F2. Industrial Real 96,445,233 N/A 96,445,233 96,445,233
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 198,668,555 N/A 198,668,555 198,668,555
L1. Commercial Personal 885,699,229 N/A 885,699,229 885,699,229
L2. Industrial Personal 422,808,894 N/A 422,808,894 422,808,894
M. Other Personal 32,743,360 N/A 32,743,360 32,743,360
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 180,766,947 N/A 180,766,947 180,766,947
S. Special Inventory 13,125,703 N/A 13,125,703 13,125,703
Subtotal 10,577,057,511 10,577,057,511 10,577,057,511
Less Total Deductions 1,995,150,599   1,995,150,599 1,995,150,599
Total Taxable Value 8,581,906,912 8,581,906,912 8,581,906,912 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
8,963,329,815 8,581,906,912 8,963,329,815 8,581,906,912


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
381,422,903 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
8,963,329,815 8,581,906,912 8,963,329,815 8,581,906,912

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