taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

112/Hopkins

112-901/Sulphur Springs ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 539,607,160 .9197 586,720,844 539,607,160
B. Multi-Family Residences 10,452,830 N/A 10,452,830 10,452,830
C1. Vacant Lots 12,784,090 N/A 12,784,090 12,784,090
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 15,743,230 1.0089 15,604,795 15,743,230
D2. Real Prop Farm & Ranch 1,702,510 N/A 1,702,510 1,702,510
E. Real Prop NonQual Acres 217,304,120 .8487 256,043,502 217,304,120
F1. Commercial Real 205,690,350 .9258 222,175,794 205,690,350
F2. Industrial Real 37,110,560 N/A 37,110,560 37,110,560
G. Oil, Gas, Minerals 224,150 N/A 224,150 224,150
J. Utilities 47,594,492 N/A 47,594,492 47,594,492
L1. Commercial Personal 135,255,819 .9969 135,676,416 135,255,819
L2. Industrial Personal 174,181,720 N/A 174,181,720 174,181,720
M. Other Personal 8,938,230 N/A 8,938,230 8,938,230
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 793,000 N/A 793,000 793,000
S. Special Inventory 8,305,910 N/A 8,305,910 8,305,910
Subtotal 1,415,688,171 1,518,308,843 1,415,688,171
Less Total Deductions 238,967,719   257,358,077 238,967,719
Total Taxable Value 1,176,720,452 1,260,950,766 1,176,720,452 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
1,222,962,839 1,176,720,452 1,222,962,839 1,176,720,452


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
46,242,387 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
1,222,962,839 1,176,720,452 1,222,962,839 1,176,720,452

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 two of the grace period.