taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

170/Montgomery

170-907/Splendora 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 410,843,800 .8449 486,263,226 410,843,800
B. Multi-Family Residences 268,610 N/A 268,610 268,610
C1. Vacant Lots 27,824,650 N/A 27,824,650 27,824,650
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 8,233,069 1.0029 8,209,526 8,233,069
D2. Real Prop Farm & Ranch 133,840 N/A 133,840 133,840
E. Real Prop NonQual Acres 75,625,277 .8680 87,125,895 75,625,277
F1. Commercial Real 27,561,593 N/A 27,561,593 27,561,593
F2. Industrial Real 3,669,590 N/A 3,669,590 3,669,590
G. Oil, Gas, Minerals 36,950 N/A 36,950 36,950
J. Utilities 31,196,470 1.0212 30,548,835 31,196,470
L1. Commercial Personal 70,009,988 .9631 72,692,335 70,009,988
L2. Industrial Personal 14,431,590 N/A 14,431,590 14,431,590
M. Other Personal 12,962,906 N/A 12,962,906 12,962,906
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 315,795 N/A 315,795 315,795
Subtotal 683,114,128 772,045,341 683,114,128
Less Total Deductions 148,414,588   173,476,916 148,414,588
Total Taxable Value 534,699,540 598,568,425 534,699,540 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
558,686,384 534,699,540 558,686,384 534,699,540


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
23,986,844 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
558,686,384 534,699,540 558,686,384 534,699,540

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.