taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

176/Newton

176-902/Newton ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 117,227,035 N/A 117,227,035 117,227,035
B. Multi-Family Residences 894,603 N/A 894,603 894,603
C1. Vacant Lots 5,339,581 N/A 5,339,581 5,339,581
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 37,036,070 N/A 37,036,070 37,036,070
D2. Real Prop Farm & Ranch 118,578 N/A 118,578 118,578
E. Real Prop NonQual Acres 72,637,893 N/A 72,637,893 72,637,893
F1. Commercial Real 13,084,773 N/A 13,084,773 13,084,773
F2. Industrial Real 3,925,508 N/A 3,925,508 3,925,508
G. Oil, Gas, Minerals 38,316,057 N/A 38,316,057 38,316,057
J. Utilities 23,087,771 N/A 23,087,771 23,087,771
L1. Commercial Personal 4,549,550 N/A 4,549,550 4,549,550
L2. Industrial Personal 6,343,790 N/A 6,343,790 6,343,790
M. Other Personal 12,858,383 N/A 12,858,383 12,858,383
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 8,000 N/A 8,000 8,000
S. Special Inventory 0 N/A 0 0
Subtotal 335,427,592 335,427,592 335,427,592
Less Total Deductions 78,671,610   78,671,610 78,671,610
Total Taxable Value 256,755,982 256,755,982 256,755,982 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
270,618,201 256,755,982 270,618,201 256,755,982


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,862,219 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
270,618,201 256,755,982 270,618,201 256,755,982

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