taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

145/Leon

145-906/Normangee ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 105,564,060 .9646 109,438,171 105,564,060
B. Multi-Family Residences 614,090 N/A 614,090 614,090
C1. Vacant Lots 15,701,690 .8512 18,446,534 15,701,690
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,881,270 1.2610 3,077,911 3,881,270
D2. Real Prop Farm & Ranch 2,777,280 N/A 2,777,280 2,777,280
E. Real Prop NonQual Acres 55,886,800 .9805 56,998,266 55,886,800
F1. Commercial Real 4,779,120 N/A 4,779,120 4,779,120
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 54,277,710 N/A 54,277,710 54,277,710
J. Utilities 39,349,550 .9637 40,831,742 39,349,550
L1. Commercial Personal 10,442,730 N/A 10,442,730 10,442,730
L2. Industrial Personal 780,560 N/A 780,560 780,560
M. Other Personal 2,697,110 N/A 2,697,110 2,697,110
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,269,920 N/A 1,269,920 1,269,920
Subtotal 298,021,890 306,431,144 298,021,890
Less Total Deductions 54,772,478   57,014,620 54,772,478
Total Taxable Value 243,249,412 249,416,524 243,249,412 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
252,130,062 243,249,412 241,803,597 232,922,947


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,880,650 10,326,465


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
252,130,062 243,249,412 241,803,597 232,922,947

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

154/Madison

145-906/Normangee ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 2,072,730 N/A 2,072,730 2,072,730
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 354,049 N/A 354,049 354,049
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,232,320 N/A 2,232,320 2,232,320
D2. Real Prop Farm & Ranch 6,071,350 N/A 6,071,350 6,071,350
E. Real Prop NonQual Acres 30,483,072 N/A 30,483,072 30,483,072
F1. Commercial Real 1,095,050 N/A 1,095,050 1,095,050
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 25,408,260 N/A 25,408,260 25,408,260
J. Utilities 14,496,070 N/A 14,496,070 14,496,070
L1. Commercial Personal 528,340 N/A 528,340 528,340
L2. Industrial Personal 630,150 N/A 630,150 630,150
M. Other Personal 365,910 N/A 365,910 365,910
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 289,760 N/A 289,760 289,760
Subtotal 84,027,061 84,027,061 84,027,061
Less Total Deductions 6,504,810   6,504,810 6,504,810
Total Taxable Value 77,522,251 77,522,251 77,522,251 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
78,814,015 77,522,251 77,166,916 75,875,152


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,291,764 1,647,099


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
78,814,015 77,522,251 77,166,916 75,875,152

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

145-906/Normangee ISD



Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 107,636,790 .9653 111,510,901 107,636,790
B. Multi-Family Residences 614,090 N/A 614,090 614,090
C1. Vacant Lots 16,055,739 .8540 18,800,583 16,055,739
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,113,590 1.1513 5,310,231 6,113,590
D2. Real Prop Farm & Ranch 8,848,630 N/A 8,848,630 8,848,630
E. Real Prop NonQual Acres 86,369,872 .9873 87,481,338 86,369,872
F1. Commercial Real 5,874,170 N/A 5,874,170 5,874,170
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 79,685,970 N/A 79,685,970 79,685,970
J. Utilities 53,845,620 .9732 55,327,812 53,845,620
L1. Commercial Personal 10,971,070 N/A 10,971,070 10,971,070
L2. Industrial Personal 1,410,710 N/A 1,410,710 1,410,710
M. Other Personal 3,063,020 N/A 3,063,020 3,063,020
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,559,680 N/A 1,559,680 1,559,680
Subtotal 382,048,951 390,458,205 382,048,951
Less Total Deductions 61,277,288   63,519,430 61,277,288
Total Taxable Value 320,771,663 326,938,775 320,771,663 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