taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

198/Robertson

198-905/Hearne ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 94,331,248 .8610 109,560,102 109,560,102
B. Multi-Family Residences 5,831,428 N/A 5,831,428 5,831,428
C1. Vacant Lots 4,669,587 N/A 4,669,587 4,669,587
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,721,017 1.0185 6,598,657 6,598,657
D2. Real Prop Farm & Ranch 5,265,033 N/A 5,265,033 5,265,033
E. Real Prop NonQual Acres 70,804,095 .6950 101,876,396 101,876,396
F1. Commercial Real 36,200,294 .9433 38,376,226 38,376,226
F2. Industrial Real 10,293,180 N/A 10,293,180 10,293,180
G. Oil, Gas, Minerals 47,438,181 1.0195 46,530,830 46,530,830
J. Utilities 54,513,147 .9968 54,688,149 54,688,149
L1. Commercial Personal 16,431,067 N/A 16,431,067 16,431,067
L2. Industrial Personal 93,925,758 N/A 93,925,758 93,925,758
M. Other Personal 6,231,579 N/A 6,231,579 6,231,579
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 452,655,614 500,277,992 500,277,992
Less Total Deductions 59,565,324   67,668,451 67,668,451
Total Taxable Value 393,090,290 432,609,541 432,609,541 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
444,857,001 432,609,541 444,857,001 432,609,541


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,247,460 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
444,857,001 432,609,541 444,857,001 432,609,541

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)