taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

214/Starr

214-901/Rio Grande City ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 444,198,500 .6912 642,648,293 642,648,293
B. Multi-Family Residences 19,773,850 N/A 19,773,850 19,773,850
C1. Vacant Lots 68,398,240 .8743 78,232,003 78,232,003
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 32,635,180 .9201 35,469,751 35,469,751
D2. Real Prop Farm & Ranch 237,210 N/A 237,210 237,210
E. Real Prop NonQual Acres 38,019,030 N/A 38,019,030 38,019,030
F1. Commercial Real 128,037,120 .9124 140,330,031 140,330,031
F2. Industrial Real 229,922,150 N/A 229,922,150 229,922,150
G. Oil, Gas, Minerals 300,011,470 1.0414 288,084,761 288,084,761
J. Utilities 105,290,210 N/A 105,290,210 105,290,210
L1. Commercial Personal 65,894,180 .9859 66,836,576 66,836,576
L2. Industrial Personal 26,974,920 N/A 26,974,920 26,974,920
M. Other Personal 1,781,580 N/A 1,781,580 1,781,580
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 5,276,800 N/A 5,276,800 5,276,800
Subtotal 1,466,450,440 1,678,877,165 1,678,877,165
Less Total Deductions 177,457,687   190,050,403 190,050,403
Total Taxable Value 1,288,992,753 1,488,826,762 1,488,826,762 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
1,537,931,502 1,488,826,762 1,537,931,502 1,488,826,762


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
49,104,740 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
1,537,931,502 1,488,826,762 1,537,931,502 1,488,826,762

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)