taxes Property Tax Assistance

2016 ISD Summary Worksheet

212/Smith

212-901/Arp ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 244,521,956 N/A 244,521,956 244,521,956
B. Multi-Family Residences 394,097 N/A 394,097 394,097
C1. Vacant Lots 12,489,553 N/A 12,489,553 12,489,553
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,562,580 N/A 5,562,580 5,562,580
D2. Real Prop Farm & Ranch 3,050,044 N/A 3,050,044 3,050,044
E. Real Prop NonQual Acres 73,440,845 N/A 73,440,845 73,440,845
F1. Commercial Real 6,550,234 N/A 6,550,234 6,550,234
F2. Industrial Real 1,602,439 N/A 1,602,439 1,602,439
G. Oil, Gas, Minerals 30,584,008 N/A 30,584,008 30,584,008
J. Utilities 33,073,591 N/A 33,073,591 33,073,591
L1. Commercial Personal 2,872,066 N/A 2,872,066 2,872,066
L2. Industrial Personal 8,260,863 N/A 8,260,863 8,260,863
M. Other Personal 4,494,880 N/A 4,494,880 4,494,880
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 533,841 N/A 533,841 533,841
S. Special Inventory 9,807 N/A 9,807 9,807
Subtotal 427,440,804 427,440,804 427,440,804
Less Total Deductions 85,697,520   85,697,520 85,697,520
Total Taxable Value 341,743,284 341,743,284 341,743,284 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
354,837,702 341,743,284 331,813,718 318,719,300


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,094,418 23,023,984


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
354,837,702 341,743,284 331,813,718 318,719,300

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