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ceiling reduction
2018 ISD Summary Worksheet
202/Sabine
202-903/Hemphill ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. Single-Family Residences | 390,208,526 | .7597 | 513,635,022 | 513,635,022 |
| B. Multi-Family Residences | 421,548 | N/A | 421,548 | 421,548 |
| C1. Vacant Lots | 33,045,590 | .4030 | 81,998,983 | 81,998,983 |
| C2. Colonia Lots | 0 | N/A | 0 | 0 |
| D1. Rural Real(Taxable) | 18,466,230 | .9435 | 19,572,222 | 19,572,222 |
| D2. Real Prop Farm & Ranch | 107,910 | N/A | 107,910 | 107,910 |
| E. Real Prop NonQual Acres | 46,889,380 | .6457 | 72,617,903 | 72,617,903 |
| F1. Commercial Real | 40,037,693 | .8313 | 48,162,749 | 48,162,749 |
| F2. Industrial Real | 134,270 | N/A | 134,270 | 134,270 |
| G. Oil, Gas, Minerals | 520,351 | N/A | 520,351 | 520,351 |
| J. Utilities | 28,186,830 | N/A | 28,186,830 | 28,186,830 |
| L1. Commercial Personal | 9,059,820 | N/A | 9,059,820 | 9,059,820 |
| L2. Industrial Personal | 2,718,170 | N/A | 2,718,170 | 2,718,170 |
| M. Other Personal | 13,126,580 | N/A | 13,126,580 | 13,126,580 |
| 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 | 582,922,898 | 790,262,358 | 790,262,358 | |
| Less Total Deductions | 116,262,533 | 163,395,241 | 163,395,241 | |
| Total Taxable Value | 466,660,365 | 626,867,117 | 626,867,117 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 |
|---|---|---|---|
| 648,166,448 | 626,867,117 | 648,166,448 | 626,867,117 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 21,299,331 | 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 |
|---|---|---|---|
| 648,166,448 | 626,867,117 | 648,166,448 | 626,867,117 |
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 taxceiling 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)