taxes Property Tax Assistance

2017 ISD Summary Worksheet

045/Colorado

045-903/Rice CISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 120,919,766 .8863 136,432,095 120,919,766
B. Multi-Family Residences 2,080,790 N/A 2,080,790 2,080,790
C1. Vacant Lots 5,427,612 N/A 5,427,612 5,427,612
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 66,600,416 1.0890 61,159,661 66,600,416
D2. Real Prop Farm & Ranch 3,891,871 N/A 3,891,871 3,891,871
E. Real Prop NonQual Acres 125,278,081 .8779 142,701,995 125,278,081
F1. Commercial Real 30,289,132 1.0309 29,381,251 30,289,132
F2. Industrial Real 238,838,490 N/A 238,838,490 238,838,490
G. Oil, Gas, Minerals 42,714,045 1.0270 41,591,086 42,714,045
J. Utilities 91,548,060 .9496 96,406,971 91,548,060
L1. Commercial Personal 16,330,440 N/A 16,330,440 16,330,440
L2. Industrial Personal 92,311,730 N/A 92,311,730 92,311,730
M. Other Personal 2,585,630 N/A 2,585,630 2,585,630
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 39,980 N/A 39,980 39,980
Subtotal 838,856,043 869,179,602 838,856,043
Less Total Deductions 61,141,241   69,946,327 61,141,241
Total Taxable Value 777,714,802 799,233,275 777,714,802 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
790,708,530 777,714,802 790,708,530 777,714,802


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,993,728 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
790,708,530 777,714,802 790,708,530 777,714,802

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 invalid, but local value was certified because your school district is in year one of the grace period.