taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

225/Titus

225-906/Chapel Hill ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 62,236,866 .9656 64,454,087 62,236,866
B. Multi-Family Residences 45,591 N/A 45,591 45,591
C1. Vacant Lots 694,223 N/A 694,223 694,223
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,613,690 .9656 2,706,865 2,613,690
D2. Real Prop Farm & Ranch 4,687,270 N/A 4,687,270 4,687,270
E. Real Prop NonQual Acres 45,131,670 1.0064 44,844,664 45,131,670
F1. Commercial Real 1,144,629 N/A 1,144,629 1,144,629
F2. Industrial Real 2,034,116 N/A 2,034,116 2,034,116
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 4,927,911 N/A 4,927,911 4,927,911
L1. Commercial Personal 3,074,587 N/A 3,074,587 3,074,587
L2. Industrial Personal 1,611,305 N/A 1,611,305 1,611,305
M. Other Personal 2,971,236 N/A 2,971,236 2,971,236
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 223,057 N/A 223,057 223,057
S. Special Inventory 0 N/A 0 0
Subtotal 131,396,151 133,419,541 131,396,151
Less Total Deductions 23,880,876   24,884,913 23,880,876
Total Taxable Value 107,515,275 108,534,628 107,515,275 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
113,300,061 107,515,275 113,300,061 107,515,275


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,784,786 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
113,300,061 107,515,275 113,300,061 107,515,275

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