taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

161/McLennan

161-906/La Vega ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 222,089,470 N/A 222,089,470 222,089,470
B. Multi-Family Residences 13,094,270 N/A 13,094,270 13,094,270
C1. Vacant Lots 12,992,984 N/A 12,992,984 12,992,984
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,430,960 N/A 1,430,960 1,430,960
D2. Real Prop Farm & Ranch 743,150 N/A 743,150 743,150
E. Real Prop NonQual Acres 19,819,642 N/A 19,819,642 19,819,642
F1. Commercial Real 199,106,553 N/A 199,106,553 199,106,553
F2. Industrial Real 115,811,219 N/A 115,811,219 115,811,219
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 27,366,830 N/A 27,366,830 27,366,830
L1. Commercial Personal 147,934,310 N/A 147,934,310 147,934,310
L2. Industrial Personal 21,215,380 N/A 21,215,380 21,215,380
M. Other Personal 4,508,480 N/A 4,508,480 4,508,480
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,235,780 N/A 2,235,780 2,235,780
S. Special Inventory 625,310 N/A 625,310 625,310
Subtotal 788,974,338 788,974,338 788,974,338
Less Total Deductions 100,043,368   100,043,368 100,043,368
Total Taxable Value 688,930,970 688,930,970 688,930,970 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
709,413,148 688,930,970 709,413,148 688,930,970


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,482,178 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
709,413,148 688,930,970 709,413,148 688,930,970

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