taxes Property Tax Assistance

2016 ISD Summary Worksheet

090/Gray

090-905/Grandview-Hopkins ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 1,027,460 N/A 1,027,460 1,027,460
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,850,680 .7783 10,086,564 7,850,680
D2. Real Prop Farm & Ranch 802,570 N/A 802,570 802,570
E. Real Prop NonQual Acres 7,313,560 .9549 7,658,980 7,313,560
F1. Commercial Real 18,000 N/A 18,000 18,000
F2. Industrial Real 24,418,220 N/A 24,418,220 24,418,220
G. Oil, Gas, Minerals 29,490,120 1.0350 28,492,870 29,490,120
J. Utilities 26,473,160 N/A 26,473,160 26,473,160
L1. Commercial Personal 477,780 N/A 477,780 477,780
L2. Industrial Personal 1,283,960 N/A 1,283,960 1,283,960
M. Other Personal 2,980 N/A 2,980 2,980
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 99,158,490 100,742,544 99,158,490
Less Total Deductions 2,047,891   2,047,891 2,047,891
Total Taxable Value 97,110,599 98,694,653 97,110,599 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
97,375,199 97,110,599 97,375,199 97,110,599


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
264,600 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
97,375,199 97,110,599 97,375,199 97,110,599

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