taxes Property Tax Assistance

2016 ISD Summary Worksheet

198/Robertson

198-905/Hearne 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 111,256,500 .8908 124,895,038 111,256,500
B. Multi-Family Residences 5,811,626 N/A 5,811,626 5,811,626
C1. Vacant Lots 4,099,229 N/A 4,099,229 4,099,229
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,612,198 .9778 6,762,041 6,612,198
D2. Real Prop Farm & Ranch 5,296,438 N/A 5,296,438 5,296,438
E. Real Prop NonQual Acres 78,104,899 .9680 80,686,879 78,104,899
F1. Commercial Real 34,872,016 .8740 39,899,332 34,872,016
F2. Industrial Real 9,210,184 N/A 9,210,184 9,210,184
G. Oil, Gas, Minerals 24,387,415 1.0113 24,114,916 24,387,415
J. Utilities 54,537,374 .8645 63,085,453 54,537,374
L1. Commercial Personal 15,428,056 N/A 15,428,056 15,428,056
L2. Industrial Personal 86,292,140 N/A 86,292,140 86,292,140
M. Other Personal 6,524,065 N/A 6,524,065 6,524,065
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 442,432,140 472,105,397 442,432,140
Less Total Deductions 71,875,073   79,580,385 71,875,073
Total Taxable Value 370,557,067 392,525,012 370,557,067 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
382,530,646 370,557,067 382,530,646 370,557,067


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,973,579 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
382,530,646 370,557,067 382,530,646 370,557,067

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.