taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

169/Montague

169-910/Forestburg ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 8,604,860 N/A 8,604,860 8,604,860
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 233,750 N/A 233,750 233,750
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,831,790 N/A 4,831,790 4,831,790
D2. Real Prop Farm & Ranch 266,850 N/A 266,850 266,850
E. Real Prop NonQual Acres 49,936,320 N/A 49,936,320 49,936,320
F1. Commercial Real 683,260 N/A 683,260 683,260
F2. Industrial Real 56,807,860 N/A 56,807,860 56,807,860
G. Oil, Gas, Minerals 142,490,150 N/A 142,490,150 142,490,150
J. Utilities 72,030,270 N/A 72,030,270 72,030,270
L1. Commercial Personal 1,337,890 N/A 1,337,890 1,337,890
L2. Industrial Personal 10,841,500 N/A 10,841,500 10,841,500
M. Other Personal 1,228,870 N/A 1,228,870 1,228,870
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 349,293,370 349,293,370 349,293,370
Less Total Deductions 15,082,985   15,082,985 15,082,985
Total Taxable Value 334,210,385 334,210,385 334,210,385 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
336,854,526 334,210,385 336,854,526 334,210,385


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,644,141 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
336,854,526 334,210,385 336,854,526 334,210,385

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