taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

225/Titus

225-902/Mount Pleasant ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 485,280,839 .9744 498,030,418 485,280,839
B. Multi-Family Residences 25,059,699 N/A 25,059,699 25,059,699
C1. Vacant Lots 20,861,896 N/A 20,861,896 20,861,896
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,762,371 .9618 10,149,838 9,762,371
D2. Real Prop Farm & Ranch 8,799,907 N/A 8,799,907 8,799,907
E. Real Prop NonQual Acres 128,753,374 .9642 133,533,887 128,753,374
F1. Commercial Real 221,707,634 .9287 238,729,013 221,707,634
F2. Industrial Real 414,667,387 N/A 414,667,387 414,667,387
G. Oil, Gas, Minerals 3,263,060 N/A 3,263,060 3,263,060
J. Utilities 90,904,096 .9732 93,407,415 90,904,096
L1. Commercial Personal 87,981,392 1.0508 83,728,009 87,981,392
L2. Industrial Personal 348,051,070 N/A 348,051,070 348,051,070
M. Other Personal 8,324,119 N/A 8,324,119 8,324,119
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,782,191 N/A 2,782,191 2,782,191
S. Special Inventory 11,877,980 N/A 11,877,980 11,877,980
Subtotal 1,868,077,015 1,901,265,889 1,868,077,015
Less Total Deductions 303,489,225   307,934,743 303,489,225
Total Taxable Value 1,564,587,790 1,593,331,146 1,564,587,790 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
1,604,632,035 1,564,587,790 1,604,632,035 1,564,587,790


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
40,044,245 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
1,604,632,035 1,564,587,790 1,604,632,035 1,564,587,790

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