taxes Property Tax Assistance

2018 ISD Summary Worksheet

137/Kleberg

137-902/Ricardo ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 85,807,316 .9000 95,341,462 95,341,462
B. Multi-Family Residences 79,860 N/A 79,860 79,860
C1. Vacant Lots 10,496,301 N/A 10,496,301 10,496,301
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,068,212 1.0722 6,592,245 6,592,245
D2. Real Prop Farm & Ranch 1,930,590 N/A 1,930,590 1,930,590
E. Real Prop NonQual Acres 58,368,970 .8813 66,230,534 66,230,534
F1. Commercial Real 3,861,050 N/A 3,861,050 3,861,050
F2. Industrial Real 745,020 N/A 745,020 745,020
G. Oil, Gas, Minerals 773,350 N/A 773,350 773,350
J. Utilities 29,817,507 .9931 30,024,677 30,024,677
L1. Commercial Personal 6,708,780 N/A 6,708,780 6,708,780
L2. Industrial Personal 3,292,330 N/A 3,292,330 3,292,330
M. Other Personal 768,720 N/A 768,720 768,720
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 502,050 N/A 502,050 502,050
S. Special Inventory 0 N/A 0 0
Subtotal 210,220,056 227,346,969 227,346,969
Less Total Deductions 35,297,110   39,162,339 39,162,339
Total Taxable Value 174,922,946 188,184,630 188,184,630 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
195,520,724 188,184,630 190,654,932 183,318,838


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,336,094 4,865,792


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
195,520,724 188,184,630 190,654,932 183,318,838

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)