taxes Property Tax Assistance

2016 ISD Summary Worksheet

182/Palo Pinto

182-906/Palo Pinto ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 409,970,240 .9527 430,324,593 409,970,240
B. Multi-Family Residences 3,389,640 N/A 3,389,640 3,389,640
C1. Vacant Lots 57,116,930 1.0028 56,957,449 57,116,930
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,378,760 1.0173 7,253,349 7,378,760
D2. Real Prop Farm & Ranch 712,900 N/A 712,900 712,900
E. Real Prop NonQual Acres 21,855,910 N/A 21,855,910 21,855,910
F1. Commercial Real 16,529,400 N/A 16,529,400 16,529,400
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 1,920,200 N/A 1,920,200 1,920,200
J. Utilities 11,015,830 N/A 11,015,830 11,015,830
L1. Commercial Personal 2,559,100 N/A 2,559,100 2,559,100
L2. Industrial Personal 3,270,640 N/A 3,270,640 3,270,640
M. Other Personal 1,077,740 N/A 1,077,740 1,077,740
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 4,177,760 N/A 4,177,760 4,177,760
S. Special Inventory 0 N/A 0 0
Subtotal 540,975,050 561,044,511 540,975,050
Less Total Deductions 26,230,981   28,442,884 26,230,981
Total Taxable Value 514,744,069 532,601,627 514,744,069 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
517,247,136 514,744,069 508,769,894 506,266,827


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,503,067 8,477,242


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
517,247,136 514,744,069 508,769,894 506,266,827

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