taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

166/Milam

166-902/Gause ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 8,221,790 .7229 11,373,343 8,221,790
B. Multi-Family Residences 21,990 N/A 21,990 21,990
C1. Vacant Lots 502,200 N/A 502,200 502,200
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,384,829 .8290 2,876,760 2,384,829
D2. Real Prop Farm & Ranch 1,951,420 N/A 1,951,420 1,951,420
E. Real Prop NonQual Acres 31,211,088 .9661 32,306,271 31,211,088
F1. Commercial Real 708,570 N/A 708,570 708,570
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 28,904,553 1.0128 28,539,251 28,904,553
J. Utilities 7,265,970 .9943 7,307,623 7,265,970
L1. Commercial Personal 978,320 N/A 978,320 978,320
L2. Industrial Personal 756,620 N/A 756,620 756,620
M. Other Personal 1,691,330 N/A 1,691,330 1,691,330
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 84,598,680 89,013,698 84,598,680
Less Total Deductions 8,381,969   11,969,029 8,381,969
Total Taxable Value 76,216,711 77,044,669 76,216,711 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
78,278,127 76,216,711 78,278,127 76,216,711


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,061,416 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
78,278,127 76,216,711 78,278,127 76,216,711

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 one of the grace period.