taxes Property Tax Assistance

2017 ISD Summary Worksheet

198/Robertson

198-905/Hearne ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 131,182,818 .9532 137,623,603 137,623,603
B. Multi-Family Residences 6,710,056 N/A 6,710,056 6,710,056
C1. Vacant Lots 4,063,613 N/A 4,063,613 4,063,613
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,892,723 .9349 7,372,963 7,372,963
D2. Real Prop Farm & Ranch 5,835,275 N/A 5,835,275 5,835,275
E. Real Prop NonQual Acres 79,865,742 .8652 92,308,994 92,308,994
F1. Commercial Real 39,715,148 1.0287 38,607,124 38,607,124
F2. Industrial Real 11,577,903 N/A 11,577,903 11,577,903
G. Oil, Gas, Minerals 32,915,504 1.0165 32,381,214 32,381,214
J. Utilities 56,423,181 .9791 57,627,598 57,627,598
L1. Commercial Personal 17,181,158 N/A 17,181,158 17,181,158
L2. Industrial Personal 65,991,923 N/A 65,991,923 65,991,923
M. Other Personal 7,387,364 N/A 7,387,364 7,387,364
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 465,742,408 484,668,788 484,668,788
Less Total Deductions 80,850,417   84,548,887 84,548,887
Total Taxable Value 384,891,991 400,119,901 400,119,901 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
412,562,903 400,119,901 412,562,903 400,119,901


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,443,002 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
412,562,903 400,119,901 412,562,903 400,119,901

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

did not exceed the state value and:

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)