taxes Property Tax Assistance

2016 ISD Summary Worksheet

125/Jim Wells

125-903/Orange Grove ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 55,574,307 .7793 71,313,110 71,313,110
B. Multi-Family Residences 1,675,731 N/A 1,675,731 1,675,731
C1. Vacant Lots 2,118,995 N/A 2,118,995 2,118,995
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,968,900 .8999 12,189,435 12,189,435
D2. Real Prop Farm & Ranch 3,836,505 N/A 3,836,505 3,836,505
E. Real Prop NonQual Acres 193,299,618 .6933 278,810,930 278,810,930
F1. Commercial Real 12,036,422 N/A 12,036,422 12,036,422
F2. Industrial Real 2,390,666 N/A 2,390,666 2,390,666
G. Oil, Gas, Minerals 402,680 N/A 402,680 402,680
J. Utilities 34,572,550 1.0438 33,121,815 33,121,815
L1. Commercial Personal 6,731,864 N/A 6,731,864 6,731,864
L2. Industrial Personal 11,403,710 N/A 11,403,710 11,403,710
M. Other Personal 6,617,570 N/A 6,617,570 6,617,570
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 341,629,518 442,649,433 442,649,433
Less Total Deductions 52,332,997   65,049,162 65,049,162
Total Taxable Value 289,296,521 377,600,271 377,600,271 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
388,695,683 377,600,271 388,695,683 377,600,271


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,095,412 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
388,695,683 377,600,271 388,695,683 377,600,271

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)