taxes Property Tax Assistance

2016 ISD Summary Worksheet

100/Hardin

100-907/Lumberton ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 917,125,770 .9568 958,534,459 917,125,770
B. Multi-Family Residences 23,936,510 N/A 23,936,510 23,936,510
C1. Vacant Lots 32,364,290 N/A 32,364,290 32,364,290
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,325,530 1.0090 5,278,172 5,325,530
D2. Real Prop Farm & Ranch 620,400 N/A 620,400 620,400
E. Real Prop NonQual Acres 84,764,360 1.1073 76,550,492 84,764,360
F1. Commercial Real 116,521,320 .9647 120,785,032 116,521,320
F2. Industrial Real 310,910 N/A 310,910 310,910
G. Oil, Gas, Minerals 17,429,640 N/A 17,429,640 17,429,640
J. Utilities 21,586,160 N/A 21,586,160 21,586,160
L1. Commercial Personal 37,343,780 N/A 37,343,780 37,343,780
L2. Industrial Personal 1,769,070 N/A 1,769,070 1,769,070
M. Other Personal 20,659,630 N/A 20,659,630 20,659,630
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 3,159,420 N/A 3,159,420 3,159,420
S. Special Inventory 3,873,940 N/A 3,873,940 3,873,940
Subtotal 1,286,790,730 1,324,201,905 1,286,790,730
Less Total Deductions 213,401,108   221,260,008 213,401,108
Total Taxable Value 1,073,389,622 1,102,941,897 1,073,389,622 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
1,123,498,482 1,073,389,622 1,123,498,482 1,073,389,622


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
50,108,860 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
1,123,498,482 1,073,389,622 1,123,498,482 1,073,389,622

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