taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

220/Tarrant

220-914/Kennedale 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 934,116,472 .9304 1,003,994,488 934,116,472
B. Multi-Family Residences 75,992,338 1.0346 73,450,936 75,992,338
C1. Vacant Lots 24,868,303 N/A 24,868,303 24,868,303
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 83,019 2.0768 39,975 83,019
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 340,557 N/A 340,557 340,557
F1. Commercial Real 85,518,794 .9273 92,223,438 85,518,794
F2. Industrial Real 9,669,874 N/A 9,669,874 9,669,874
G. Oil, Gas, Minerals 59,188,190 1.0241 57,795,323 59,188,190
J. Utilities 18,073,330 N/A 18,073,330 18,073,330
L1. Commercial Personal 26,828,034 N/A 26,828,034 26,828,034
L2. Industrial Personal 20,392,731 N/A 20,392,731 20,392,731
M. Other Personal 1,748,609 N/A 1,748,609 1,748,609
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 9,159,456 N/A 9,159,456 9,159,456
S. Special Inventory 684,493 N/A 684,493 684,493
Subtotal 1,266,664,200 1,339,269,547 1,266,664,200
Less Total Deductions 197,253,578   212,468,562 197,253,578
Total Taxable Value 1,069,410,622 1,126,800,985 1,069,410,622 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
1,111,625,767 1,069,410,622 1,111,625,767 1,069,410,622


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
42,215,145 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
1,111,625,767 1,069,410,622 1,111,625,767 1,069,410,622

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.