taxes Property Tax Assistance

2016 ISD Summary Worksheet

087/Glasscock

087-901/Glasscock County ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 3,871,659 N/A 3,871,659 3,871,659
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 109,610 N/A 109,610 109,610
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 25,393,595 1.4525 17,482,570 25,393,595
D2. Real Prop Farm & Ranch 3,853,451 N/A 3,853,451 3,853,451
E. Real Prop NonQual Acres 38,151,693 N/A 38,151,693 38,151,693
F1. Commercial Real 8,402,869 N/A 8,402,869 8,402,869
F2. Industrial Real 707,322,259 N/A 707,322,259 707,322,259
G. Oil, Gas, Minerals 1,537,910,450 1.0244 1,501,279,237 1,537,910,450
J. Utilities 346,296,944 .9400 368,401,004 346,296,944
L1. Commercial Personal 24,654,624 N/A 24,654,624 24,654,624
L2. Industrial Personal 103,079,570 N/A 103,079,570 103,079,570
M. Other Personal 814,854 N/A 814,854 814,854
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 2,799,861,578 2,777,423,400 2,799,861,578
Less Total Deductions 468,314,419   468,314,419 468,314,419
Total Taxable Value 2,331,547,159 2,309,108,981 2,331,547,159 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
2,333,697,726 2,331,547,159 2,331,354,083 2,329,203,516


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,150,567 2,343,643


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
2,786,735,886 2,784,585,319 2,784,392,243 2,782,241,676

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