taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

161/McLennan

161-925/Gholson ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 24,729,036 N/A 24,729,036 24,729,036
B. Multi-Family Residences 191,130 N/A 191,130 191,130
C1. Vacant Lots 1,053,220 N/A 1,053,220 1,053,220
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,293,390 N/A 1,293,390 1,293,390
D2. Real Prop Farm & Ranch 1,497,553 N/A 1,497,553 1,497,553
E. Real Prop NonQual Acres 19,309,912 N/A 19,309,912 19,309,912
F1. Commercial Real 333,570 N/A 333,570 333,570
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 892,090 N/A 892,090 892,090
L1. Commercial Personal 401,150 N/A 401,150 401,150
L2. Industrial Personal 318,730 N/A 318,730 318,730
M. Other Personal 1,611,650 N/A 1,611,650 1,611,650
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 51,631,431 51,631,431 51,631,431
Less Total Deductions 14,354,560   14,354,560 14,354,560
Total Taxable Value 37,276,871 37,276,871 37,276,871 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
40,442,870 37,276,871 40,442,870 37,276,871


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,165,999 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
40,442,870 37,276,871 40,442,870 37,276,871

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