taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

169/Montague

169-909/Prairie Valley ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 26,358,890 N/A 26,358,890 26,358,890
B. Multi-Family Residences 102,800 N/A 102,800 102,800
C1. Vacant Lots 1,497,630 N/A 1,497,630 1,497,630
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,716,270 N/A 4,716,270 4,716,270
D2. Real Prop Farm & Ranch 55,990 N/A 55,990 55,990
E. Real Prop NonQual Acres 17,084,240 N/A 17,084,240 17,084,240
F1. Commercial Real 308,420 N/A 308,420 308,420
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 61,640,270 N/A 61,640,270 61,640,270
J. Utilities 17,767,600 N/A 17,767,600 17,767,600
L1. Commercial Personal 17,320 N/A 17,320 17,320
L2. Industrial Personal 1,352,320 N/A 1,352,320 1,352,320
M. Other Personal 716,030 N/A 716,030 716,030
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 219,300 N/A 219,300 219,300
S. Special Inventory 0 N/A 0 0
Subtotal 131,837,080 131,837,080 131,837,080
Less Total Deductions 7,097,324   7,097,324 7,097,324
Total Taxable Value 124,739,756 124,739,756 124,739,756 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
126,275,545 124,739,756 126,275,545 124,739,756


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,535,789 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
126,275,545 124,739,756 126,275,545 124,739,756

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