taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

212/Smith

212-901/Arp ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 235,993,011 1.0023 235,451,473 235,993,011
B. Multi-Family Residences 385,824 N/A 385,824 385,824
C1. Vacant Lots 13,286,276 N/A 13,286,276 13,286,276
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,548,283 1.2653 4,384,788 5,548,283
D2. Real Prop Farm & Ranch 2,395,588 N/A 2,395,588 2,395,588
E. Real Prop NonQual Acres 71,850,662 1.0231 70,228,386 71,850,662
F1. Commercial Real 5,986,674 N/A 5,986,674 5,986,674
F2. Industrial Real 1,607,697 N/A 1,607,697 1,607,697
G. Oil, Gas, Minerals 31,265,813 .9915 31,533,851 31,265,813
J. Utilities 33,081,055 .9852 33,578,010 33,081,055
L1. Commercial Personal 3,465,331 N/A 3,465,331 3,465,331
L2. Industrial Personal 11,188,091 N/A 11,188,091 11,188,091
M. Other Personal 4,583,465 N/A 4,583,465 4,583,465
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 561,441 N/A 561,441 561,441
S. Special Inventory 1,332 N/A 1,332 1,332
Subtotal 421,200,543 418,638,227 421,200,543
Less Total Deductions 84,279,066   84,070,451 84,279,066
Total Taxable Value 336,921,477 334,567,776 336,921,477 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
349,836,238 336,921,477 327,653,936 314,739,175


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,914,761 22,182,302


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
349,836,238 336,921,477 327,653,936 314,739,175

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