taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 State Totals

Totals by Category

Category 2015
Local Value
2015
PTAD Value
2015
Value Assigned
A Single-Family Residences 1,200,122,448,690 1,229,776,771,336 1,201,230,320,932
B Multifamily Residences 138,201,737,968 140,639,435,766 138,201,737,968
C1 Vacant Lots 45,161,993,998 46,159,855,326 45,221,301,806
C2 Colonia Lots 143,583,028 143,583,028 143,583,028
D1 Real Prop. Qualified Acres 12,766,146,535 12,620,281,903 12,801,410,819
D2 Real Property Farm and Ranch 3,584,434,385 3,586,981,398 3,584,455,416
E Real Property - Non Qualified Acres 76,635,589,416 78,858,118,941 76,861,586,812
F1 Commercial Real 378,365,931,611 389,363,617,548 378,422,884,799
F2 Industrial Real 124,098,510,628 124,098,510,628 124,098,510,628
G Oil, Gas, & Minerals 117,856,589,284 117,175,158,706 117,839,586,419
J Utilities 68,093,682,619 69,893,930,568 68,115,431,031
L1 Commercial Personal 151,279,865,667 150,790,385,642 151,283,718,598
L2 Industrial Personal 128,723,739,045 128,723,739,045 128,723,739,045
M Mobile Homes & Other Personal 6,213,699,578 6,213,699,578 6,213,699,578
N Intangible Personal Property 58,967 58,967 58,967
O Residential Inventory 8,264,713,461 8,264,713,461 8,264,713,461
S Special Inventory 7,309,696,868 7,309,696,868 7,309,696,868
Subtotal 2,466,822,421,748 2,513,618,538,709 2,468,316,436,175
Less Total Deductions 337,787,381,986 344,902,498,240 338,070,310,134
Total Taxable Value 2,129,035,039,762 2,168,716,040,469 2,130,246,126,041

Measures of a School District Wealth

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 Operations (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

PVS Deductions

T1 T2 T3 T4
2,177,762,721,646 2,130,246,126,041 2,157,175,013,989 2,109,658,418,384

Loss to
the Additional
$10,000 Homestead
Exemption
50% of the Loss
to the Local Optional
Percentage Homestead
Exemption
47,516,595,605 20,587,707,657

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
2,197,328,881,311 2,149,812,285,706 2,176,741,173,654 2,129,224,578,049

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

Deduction Detail

Deductions Allowed in PVS Local Value PTAD Value Assigned Value
Homestead - State-Mandated Homestead Exemption 124,143,253,124 124,143,253,124 124,143,253,124
Homestead - State-Mandated Over-65 or Disabled $10,000 15,932,538,753 15,932,538,753 15,932,538,753
Homestead - 100% Disabled Or Unemployable Veterans 7,063,642,129 7,063,642,129 7,063,642,129
Homestead - Disabled Or Deceased Veterans 1,766,858,046 1,766,858,046 1,766,858,046
Homestead - Over-65 or Disabled Freeze Loss 73,598,377,901 79,786,699,224 73,860,514,613
Homestead - 10% Appraisal Cap Loss 38,205,241,354 39,132,036,285 38,226,032,790
Freeport 30,727,919,587 30,727,919,587 30,727,919,587
Pollution Control 10,002,871,047 10,002,871,047 10,002,871,047
Difference Between Taxable and Limited Value for
Chapter 313 Value Limitation Agreement
19,566,159,665 19,566,159,665 19,566,159,665
Tax Increment Financing 14,248,994,244 14,248,994,244 14,248,994,244
Low Income Housing, Counties Under 1.8 Million Pop 19,530,893 19,530,893 19,530,893
Solar and Wind-Powered 53,096,803 53,096,803 53,096,803
Deferred Taxes 2,284,768,252 2,284,768,252 2,284,768,252
Prorations 172,176,359 172,176,359 172,176,359
Home Donated by Charity to Disabled Veteran 1,953,792 1,953,792 1,953,792
Total Deductions Allowed in PVS 337,787,381,986 344,902,498,240 338,070,310,134