taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

124/Jim Hogg

124-901/Jim Hogg ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 86,967,650 .7810 111,354,225 111,354,225
B. Multi-Family Residences 1,656,330 N/A 1,656,330 1,656,330
C1. Vacant Lots 2,795,150 N/A 2,795,150 2,795,150
C2. Colonia Lots 1,394,370 N/A 1,394,370 1,394,370
D1. Rural Real(Taxable) 47,213,930 .7862 60,056,065 60,056,065
D2. Real Prop Farm & Ranch 12,463,920 N/A 12,463,920 12,463,920
E. Real Prop NonQual Acres 13,598,000 N/A 13,598,000 13,598,000
F1. Commercial Real 20,344,300 .9424 21,587,755 21,587,755
F2. Industrial Real 27,125,070 N/A 27,125,070 27,125,070
G. Oil, Gas, Minerals 55,829,910 1.0178 54,853,517 54,853,517
J. Utilities 61,229,960 .9618 63,661,842 63,661,842
L1. Commercial Personal 9,399,640 N/A 9,399,640 9,399,640
L2. Industrial Personal 19,197,220 N/A 19,197,220 19,197,220
M. Other Personal 229,420 N/A 229,420 229,420
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 359,444,870 399,372,524 399,372,524
Less Total Deductions 34,657,996   39,176,816 39,176,816
Total Taxable Value 324,786,874 360,195,708 360,195,708 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
368,785,238 360,195,708 365,859,123 357,269,593


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,589,530 2,926,115


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
368,785,238 360,195,708 365,859,123 357,269,593

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)