taxes Property Tax Assistance

2017 ISD Summary Worksheet

026/Burleson

026-902/Somerville ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 117,087,046 .9471 123,626,910 117,087,046
B. Multi-Family Residences 827,655 N/A 827,655 827,655
C1. Vacant Lots 22,157,514 .8572 25,848,710 22,157,514
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,402,567 .9907 4,443,938 4,402,567
D2. Real Prop Farm & Ranch 9,471,405 N/A 9,471,405 9,471,405
E. Real Prop NonQual Acres 82,309,609 .9640 85,383,412 82,309,609
F1. Commercial Real 19,215,725 1.0644 18,053,105 19,215,725
F2. Industrial Real 3,210,780 N/A 3,210,780 3,210,780
G. Oil, Gas, Minerals 13,230,840 .9972 13,267,990 13,230,840
J. Utilities 24,504,920 .9360 26,180,470 24,504,920
L1. Commercial Personal 7,513,843 N/A 7,513,843 7,513,843
L2. Industrial Personal 53,302,000 N/A 53,302,000 53,302,000
M. Other Personal 7,402,380 N/A 7,402,380 7,402,380
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 35,000 N/A 35,000 35,000
Subtotal 364,671,284 378,567,598 364,671,284
Less Total Deductions 72,405,673   75,727,485 72,405,673
Total Taxable Value 292,265,611 302,840,113 292,265,611 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
301,306,489 292,265,611 301,306,489 292,265,611


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,040,878 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
301,306,489 292,265,611 301,306,489 292,265,611

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