taxes Property Tax Assistance

2018 ISD Summary Worksheet

084/Galveston

084-908/Hitchcock ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 574,495,583 N/A 574,495,583 574,495,583
B. Multi-Family Residences 9,662,896 N/A 9,662,896 9,662,896
C1. Vacant Lots 50,127,139 N/A 50,127,139 50,127,139
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,482,862 N/A 1,482,862 1,482,862
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 17,520,670 N/A 17,520,670 17,520,670
F1. Commercial Real 64,982,851 N/A 64,982,851 64,982,851
F2. Industrial Real 980,921 N/A 980,921 980,921
G. Oil, Gas, Minerals 690,474 N/A 690,474 690,474
J. Utilities 33,962,296 N/A 33,962,296 33,962,296
L1. Commercial Personal 29,157,450 N/A 29,157,450 29,157,450
L2. Industrial Personal 4,208,600 N/A 4,208,600 4,208,600
M. Other Personal 2,463,510 N/A 2,463,510 2,463,510
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 3,588,590 N/A 3,588,590 3,588,590
S. Special Inventory 2,588,740 N/A 2,588,740 2,588,740
Subtotal 795,912,582 795,912,582 795,912,582
Less Total Deductions 110,765,291   110,765,291 110,765,291
Total Taxable Value 685,147,291 685,147,291 685,147,291 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
707,517,069 685,147,291 707,517,069 685,147,291


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
22,369,778 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
707,517,069 685,147,291 707,517,069 685,147,291

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