taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

220/Tarrant

220-907/Keller ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 11,239,031,627 .9073 12,387,337,845 11,239,031,627
B. Multi-Family Residences 643,608,707 .9781 658,019,330 643,608,707
C1. Vacant Lots 243,909,011 .9808 248,683,739 243,909,011
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 319,164 1.9293 165,429 319,164
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 4,223,772 N/A 4,223,772 4,223,772
F1. Commercial Real 1,741,913,605 .9286 1,875,849,241 1,741,913,605
F2. Industrial Real 15,823,347 N/A 15,823,347 15,823,347
G. Oil, Gas, Minerals 9,748,390 N/A 9,748,390 9,748,390
J. Utilities 125,305,853 N/A 125,305,853 125,305,853
L1. Commercial Personal 481,810,323 1.0365 464,843,534 481,810,323
L2. Industrial Personal 28,231,959 N/A 28,231,959 28,231,959
M. Other Personal 20,372,056 N/A 20,372,056 20,372,056
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 136,824,737 N/A 136,824,737 136,824,737
S. Special Inventory 5,719,045 N/A 5,719,045 5,719,045
Subtotal 14,696,841,596 15,981,148,277 14,696,841,596
Less Total Deductions 1,573,318,480   1,734,243,833 1,573,318,480
Total Taxable Value 13,123,523,116 14,246,904,444 13,123,523,116 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
13,495,003,487 13,123,523,116 13,495,003,487 13,123,523,116


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
371,480,371 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
13,495,003,487 13,123,523,116 13,495,003,487 13,123,523,116

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 invalid, but local value was certified because your school district is in year one of the grace period.