taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

084/Galveston

084-906/Texas City ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 744,485,740 .9528 781,366,226 744,485,740
B. Multi-Family Residences 34,818,830 N/A 34,818,830 34,818,830
C1. Vacant Lots 13,221,788 N/A 13,221,788 13,221,788
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,381 1.1566 12,434 14,381
D2. Real Prop Farm & Ranch 1,581 N/A 1,581 1,581
E. Real Prop NonQual Acres 19,340,980 N/A 19,340,980 19,340,980
F1. Commercial Real 78,244,500 .8856 88,351,965 78,244,500
F2. Industrial Real 2,499,147,573 N/A 2,499,147,573 2,499,147,573
G. Oil, Gas, Minerals 7,005 N/A 7,005 7,005
J. Utilities 78,661,865 .9149 85,978,648 78,661,865
L1. Commercial Personal 78,973,787 1.0234 77,168,055 78,973,787
L2. Industrial Personal 946,711,168 N/A 946,711,168 946,711,168
M. Other Personal 499,310 N/A 499,310 499,310
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 5,950,500 N/A 5,950,500 5,950,500
S. Special Inventory 2,676,940 N/A 2,676,940 2,676,940
Subtotal 4,502,755,948 4,555,253,003 4,502,755,948
Less Total Deductions 576,845,476   587,307,482 576,845,476
Total Taxable Value 3,925,910,472 3,967,945,521 3,925,910,472 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
3,982,622,781 3,925,910,472 3,930,386,252 3,873,673,943


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
56,712,309 52,236,529


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
3,982,622,781 3,925,910,472 3,930,386,252 3,873,673,943

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