taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

226/Tom Green

226-908/Veribest ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 35,494,310 1.0425 34,047,300 35,494,310
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 442,920 N/A 442,920 442,920
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 15,712,650 .9590 16,384,347 15,712,650
D2. Real Prop Farm & Ranch 2,702,910 N/A 2,702,910 2,702,910
E. Real Prop NonQual Acres 22,963,620 1.0581 21,702,694 22,963,620
F1. Commercial Real 3,383,580 N/A 3,383,580 3,383,580
F2. Industrial Real 8,049,730 N/A 8,049,730 8,049,730
G. Oil, Gas, Minerals 569,560 N/A 569,560 569,560
J. Utilities 16,561,860 1.0533 15,723,782 16,561,860
L1. Commercial Personal 17,002,570 .9932 17,118,979 17,002,570
L2. Industrial Personal 20,075,710 N/A 20,075,710 20,075,710
M. Other Personal 242,960 N/A 242,960 242,960
N. Intangible Personal Prop 370 N/A 370 370
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 699,840 N/A 699,840 699,840
Subtotal 143,902,590 141,144,682 143,902,590
Less Total Deductions 21,976,646   21,223,451 21,976,646
Total Taxable Value 121,925,944 119,921,231 121,925,944 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
124,970,844 121,925,944 124,970,844 121,925,944


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,044,900 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
124,970,844 121,925,944 124,970,844 121,925,944

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