taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

077/Floyd

077-901/Floydada ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 47,888,090 .9340 51,272,045 47,888,090
B. Multi-Family Residences 246,220 N/A 246,220 246,220
C1. Vacant Lots 675,700 N/A 675,700 675,700
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 75,707,950 1.2769 59,292,599 75,707,950
D2. Real Prop Farm & Ranch 2,309,810 N/A 2,309,810 2,309,810
E. Real Prop NonQual Acres 17,765,910 .8136 21,836,173 17,765,910
F1. Commercial Real 8,194,340 N/A 8,194,340 8,194,340
F2. Industrial Real 51,028,020 N/A 51,028,020 51,028,020
G. Oil, Gas, Minerals 100,240 N/A 100,240 100,240
J. Utilities 78,907,730 1.0143 77,795,258 78,907,730
L1. Commercial Personal 9,617,370 N/A 9,617,370 9,617,370
L2. Industrial Personal 6,090,630 N/A 6,090,630 6,090,630
M. Other Personal 80,800 N/A 80,800 80,800
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 298,612,810 288,539,205 298,612,810
Less Total Deductions 29,950,757   31,461,646 29,950,757
Total Taxable Value 268,662,053 257,077,559 268,662,053 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
275,803,353 268,662,053 275,803,353 268,662,053


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,141,300 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
275,803,353 268,662,053 275,803,353 268,662,053

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 local value is greater than PTAD value.