taxes Property Tax Assistance

2016 ISD Summary Worksheet

066/Duval

066-903/Freer ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 49,886,809 .7282 68,507,016 49,886,809
B. Multi-Family Residences 896,050 N/A 896,050 896,050
C1. Vacant Lots 1,708,442 N/A 1,708,442 1,708,442
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,516,740 .8650 20,251,318 17,516,740
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 35,385,483 .8053 43,940,746 35,385,483
F1. Commercial Real 19,228,378 .9493 20,255,323 19,228,378
F2. Industrial Real 5,128,950 N/A 5,128,950 5,128,950
G. Oil, Gas, Minerals 42,283,240 1.0120 41,781,858 42,283,240
J. Utilities 73,233,070 .9936 73,704,781 73,233,070
L1. Commercial Personal 8,107,095 N/A 8,107,095 8,107,095
L2. Industrial Personal 41,022,630 N/A 41,022,630 41,022,630
M. Other Personal 2,220,010 N/A 2,220,010 2,220,010
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 296,616,897 327,524,219 296,616,897
Less Total Deductions 29,760,005   36,464,136 29,760,005
Total Taxable Value 266,856,892 291,060,083 266,856,892 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
272,557,525 266,856,892 269,356,637 263,656,004


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,700,633 3,200,888


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
272,557,525 266,856,892 269,356,637 263,656,004

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 invalid, but local value was certified because your school district is in year two of the grace period.