taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

125/Jim Wells

125-903/Orange Grove 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 52,460,913 1.0261 51,126,511 52,460,913
B. Multi-Family Residences 1,802,211 N/A 1,802,211 1,802,211
C1. Vacant Lots 2,174,663 N/A 2,174,663 2,174,663
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,377,493 .9624 10,782,857 10,377,493
D2. Real Prop Farm & Ranch 3,906,316 N/A 3,906,316 3,906,316
E. Real Prop NonQual Acres 187,741,737 .7577 247,778,457 187,741,737
F1. Commercial Real 10,980,109 N/A 10,980,109 10,980,109
F2. Industrial Real 2,408,190 N/A 2,408,190 2,408,190
G. Oil, Gas, Minerals 376,580 N/A 376,580 376,580
J. Utilities 34,232,190 1.2240 27,967,475 34,232,190
L1. Commercial Personal 8,656,383 N/A 8,656,383 8,656,383
L2. Industrial Personal 19,711,570 N/A 19,711,570 19,711,570
M. Other Personal 6,845,509 N/A 6,845,509 6,845,509
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 14,566 N/A 14,566 14,566
Subtotal 341,688,430 394,531,397 341,688,430
Less Total Deductions 52,159,647   51,044,306 52,159,647
Total Taxable Value 289,528,783 343,487,091 289,528,783 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
300,290,045 289,528,783 300,290,045 289,528,783


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
10,761,262 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
300,290,045 289,528,783 300,290,045 289,528,783

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.