taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

201/Rusk

201-904/Leveretts Chapel ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 15,505,930 N/A 15,505,930 15,505,930
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 923,500 N/A 923,500 923,500
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 585,390 N/A 585,390 585,390
D2. Real Prop Farm & Ranch 709,780 N/A 709,780 709,780
E. Real Prop NonQual Acres 4,591,660 N/A 4,591,660 4,591,660
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 511,910 N/A 511,910 511,910
G. Oil, Gas, Minerals 14,278,010 N/A 14,278,010 14,278,010
J. Utilities 4,200,910 N/A 4,200,910 4,200,910
L1. Commercial Personal 1,837,070 N/A 1,837,070 1,837,070
L2. Industrial Personal 1,341,590 N/A 1,341,590 1,341,590
M. Other Personal 1,452,440 N/A 1,452,440 1,452,440
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 45,938,190 45,938,190 45,938,190
Less Total Deductions 7,443,121   7,443,121 7,443,121
Total Taxable Value 38,495,069 38,495,069 38,495,069 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
39,916,719 38,495,069 38,692,829 37,271,179


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,421,650 1,223,890


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
39,916,719 38,495,069 38,692,829 37,271,179

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