taxes Property Tax Assistance

2018 ISD Summary Worksheet

237/Waller

237-902/Hempstead ISD

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


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 230,042,587 .9127 252,046,222 230,042,587
B. Multi-Family Residences 11,134,880 N/A 11,134,880 11,134,880
C1. Vacant Lots 19,194,851 N/A 19,194,851 19,194,851
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,661,704 1.1564 9,219,585 10,661,704
D2. Real Prop Farm & Ranch 18,665,013 N/A 18,665,013 18,665,013
E. Real Prop NonQual Acres 234,757,786 .9153 256,481,794 234,757,786
F1. Commercial Real 78,254,893 .9348 83,712,979 78,254,893
F2. Industrial Real 4,127,820 N/A 4,127,820 4,127,820
G. Oil, Gas, Minerals 410,121 N/A 410,121 410,121
J. Utilities 21,063,020 N/A 21,063,020 21,063,020
L1. Commercial Personal 38,049,650 .9857 38,601,654 38,049,650
L2. Industrial Personal 2,435,550 N/A 2,435,550 2,435,550
M. Other Personal 6,129,870 N/A 6,129,870 6,129,870
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 144,740 N/A 144,740 144,740
Subtotal 675,072,485 723,368,099 675,072,485
Less Total Deductions 88,806,053   99,864,638 88,806,053
Total Taxable Value 586,266,432 623,503,461 586,266,432 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
599,871,680 586,266,432 599,871,680 586,266,432


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,605,248 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
599,871,680 586,266,432 599,871,680 586,266,432

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.