taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

242/Wheeler

242-905/Kelton ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 0 N/A 0 0
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,390 N/A 1,390 1,390
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,491,710 .9129 4,920,159 4,491,710
D2. Real Prop Farm & Ranch 1,394,930 N/A 1,394,930 1,394,930
E. Real Prop NonQual Acres 7,859,640 N/A 7,859,640 7,859,640
F1. Commercial Real 338,000 N/A 338,000 338,000
F2. Industrial Real 125,356,560 N/A 125,356,560 125,356,560
G. Oil, Gas, Minerals 713,662,060 1.0196 699,943,174 713,662,060
J. Utilities 220,565,930 .9663 228,258,232 220,565,930
L1. Commercial Personal 3,446,700 N/A 3,446,700 3,446,700
L2. Industrial Personal 20,378,620 N/A 20,378,620 20,378,620
M. Other Personal 405,170 N/A 405,170 405,170
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 1,097,900,710 1,092,302,575 1,097,900,710
Less Total Deductions 7,402,965   7,402,965 7,402,965
Total Taxable Value 1,090,497,745 1,084,899,610 1,090,497,745 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
1,090,827,195 1,090,497,745 1,090,827,195 1,090,497,745


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
329,450 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
1,090,827,195 1,090,497,745 1,090,827,195 1,090,497,745

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