taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

084/Galveston

084-908/Hitchcock ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 480,563,729 .9646 498,200,009 480,563,729
B. Multi-Family Residences 8,594,410 N/A 8,594,410 8,594,410
C1. Vacant Lots 47,270,465 .9253 51,086,637 47,270,465
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,402,691 1.0020 1,399,825 1,402,691
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 18,105,328 N/A 18,105,328 18,105,328
F1. Commercial Real 53,354,567 .9178 58,133,109 53,354,567
F2. Industrial Real 793,200 N/A 793,200 793,200
G. Oil, Gas, Minerals 12,678,002 N/A 12,678,002 12,678,002
J. Utilities 25,031,250 N/A 25,031,250 25,031,250
L1. Commercial Personal 26,099,355 N/A 26,099,355 26,099,355
L2. Industrial Personal 4,792,053 N/A 4,792,053 4,792,053
M. Other Personal 2,321,132 N/A 2,321,132 2,321,132
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 4,542,040 N/A 4,542,040 4,542,040
S. Special Inventory 2,117,840 N/A 2,117,840 2,117,840
Subtotal 687,666,062 713,894,190 687,666,062
Less Total Deductions 106,706,882   111,070,440 106,706,882
Total Taxable Value 580,959,180 602,823,750 580,959,180 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
601,278,625 580,959,180 601,278,625 580,959,180


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,319,445 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
601,278,625 580,959,180 601,278,625 580,959,180

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