taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

202/Sabine

202-903/Hemphill ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 334,127,340 .7845 425,911,205 425,911,205
B. Multi-Family Residences 465,840 N/A 465,840 465,840
C1. Vacant Lots 28,863,820 .6559 44,006,434 44,006,434
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,801,870 .9005 19,767,841 19,767,841
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 44,907,120 .8836 50,822,906 50,822,906
F1. Commercial Real 31,404,020 .9097 34,521,293 34,521,293
F2. Industrial Real 151,210 N/A 151,210 151,210
G. Oil, Gas, Minerals 1,788,620 N/A 1,788,620 1,788,620
J. Utilities 27,030,840 1.1038 24,488,893 24,488,893
L1. Commercial Personal 11,192,940 N/A 11,192,940 11,192,940
L2. Industrial Personal 11,273,150 N/A 11,273,150 11,273,150
M. Other Personal 9,289,720 N/A 9,289,720 9,289,720
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 518,296,490 633,680,052 633,680,052
Less Total Deductions 109,233,072   136,856,555 136,856,555
Total Taxable Value 409,063,418 496,823,497 496,823,497 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
517,758,507 496,823,497 517,758,507 496,823,497


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,935,010 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
517,758,507 496,823,497 517,758,507 496,823,497

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)