taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

125/Jim Wells

125-901/Alice ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 398,957,855 .9037 441,471,567 441,471,567
B. Multi-Family Residences 11,288,885 N/A 11,288,885 11,288,885
C1. Vacant Lots 6,984,005 N/A 6,984,005 6,984,005
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 19,327,817 .9656 20,015,673 20,015,673
D2. Real Prop Farm & Ranch 2,433,342 N/A 2,433,342 2,433,342
E. Real Prop NonQual Acres 161,002,632 .8589 187,452,127 187,452,127
F1. Commercial Real 155,139,565 .9861 157,326,402 157,326,402
F2. Industrial Real 69,736,647 N/A 69,736,647 69,736,647
G. Oil, Gas, Minerals 10,347,880 N/A 10,347,880 10,347,880
J. Utilities 48,992,895 .9596 51,055,539 51,055,539
L1. Commercial Personal 129,980,487 .9969 130,384,680 130,384,680
L2. Industrial Personal 635,633,710 N/A 635,633,710 635,633,710
M. Other Personal 7,880,033 N/A 7,880,033 7,880,033
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 11,541,259 N/A 11,541,259 11,541,259
Subtotal 1,669,247,012 1,743,551,749 1,743,551,749
Less Total Deductions 164,774,430   179,590,561 179,590,561
Total Taxable Value 1,504,472,582 1,563,961,188 1,563,961,188 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
1,600,452,211 1,563,961,188 1,600,452,211 1,563,961,188


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
36,491,023 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
1,600,452,211 1,563,961,188 1,600,452,211 1,563,961,188

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)