taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

220/Tarrant

220-910/Lake Worth 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 287,545,416 .9112 315,567,840 287,545,416
B. Multi-Family Residences 89,981,645 .9341 96,329,777 89,981,645
C1. Vacant Lots 30,836,062 N/A 30,836,062 30,836,062
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 46,159 2.1983 20,998 46,159
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 0 N/A 0 0
F1. Commercial Real 277,066,474 .9312 297,537,021 277,066,474
F2. Industrial Real 6,955,074 N/A 6,955,074 6,955,074
G. Oil, Gas, Minerals 31,370,380 1.0196 30,767,340 31,370,380
J. Utilities 11,730,643 N/A 11,730,643 11,730,643
L1. Commercial Personal 80,707,813 1.0240 78,816,224 80,707,813
L2. Industrial Personal 11,989,523 N/A 11,989,523 11,989,523
M. Other Personal 205,100 N/A 205,100 205,100
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,516,308 N/A 2,516,308 2,516,308
S. Special Inventory 1,113,554 N/A 1,113,554 1,113,554
Subtotal 832,064,151 884,385,464 832,064,151
Less Total Deductions 88,709,026   94,738,459 88,709,026
Total Taxable Value 743,355,125 789,647,005 743,355,125 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
762,878,456 743,355,125 762,878,456 743,355,125


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,523,331 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
762,878,456 743,355,125 762,878,456 743,355,125

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.