taxes Property Tax Assistance

2016 ISD Summary Worksheet

125/Jim Wells

125-901/Alice ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 400,460,135 .8514 470,354,868 470,354,868
B. Multi-Family Residences 11,494,991 N/A 11,494,991 11,494,991
C1. Vacant Lots 6,901,093 N/A 6,901,093 6,901,093
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 19,144,356 .8802 21,749,821 21,749,821
D2. Real Prop Farm & Ranch 2,432,195 N/A 2,432,195 2,432,195
E. Real Prop NonQual Acres 164,973,140 .8341 197,785,805 197,785,805
F1. Commercial Real 153,271,138 .9298 164,843,125 164,843,125
F2. Industrial Real 69,523,982 N/A 69,523,982 69,523,982
G. Oil, Gas, Minerals 5,848,280 N/A 5,848,280 5,848,280
J. Utilities 49,169,745 .9706 50,659,123 50,659,123
L1. Commercial Personal 93,668,939 .9961 94,035,678 94,035,678
L2. Industrial Personal 299,126,150 N/A 299,126,150 299,126,150
M. Other Personal 7,830,798 N/A 7,830,798 7,830,798
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 8,485,656 N/A 8,485,656 8,485,656
Subtotal 1,292,330,598 1,411,071,565 1,411,071,565
Less Total Deductions 161,756,589   185,396,348 185,396,348
Total Taxable Value 1,130,574,009 1,225,675,217 1,225,675,217 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
1,262,350,653 1,225,675,217 1,262,350,653 1,225,675,217


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
36,675,436 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
1,262,350,653 1,225,675,217 1,262,350,653 1,225,675,217

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)