taxes Property Tax Assistance

2016 ISD Summary Worksheet

001/Anderson

001-907/Palestine ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 432,641,538 N/A 432,641,538 432,641,538
B. Multi-Family Residences 26,509,336 N/A 26,509,336 26,509,336
C1. Vacant Lots 8,552,037 N/A 8,552,037 8,552,037
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,085,436 N/A 11,085,436 11,085,436
D2. Real Prop Farm & Ranch 979,865 N/A 979,865 979,865
E. Real Prop NonQual Acres 232,568,140 N/A 232,568,140 232,568,140
F1. Commercial Real 216,512,370 N/A 216,512,370 216,512,370
F2. Industrial Real 38,605,189 N/A 38,605,189 38,605,189
G. Oil, Gas, Minerals 1,184,375 N/A 1,184,375 1,184,375
J. Utilities 70,341,136 N/A 70,341,136 70,341,136
L1. Commercial Personal 105,304,465 N/A 105,304,465 105,304,465
L2. Industrial Personal 97,910,916 N/A 97,910,916 97,910,916
M. Other Personal 11,089,167 N/A 11,089,167 11,089,167
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 294,268 N/A 294,268 294,268
S. Special Inventory 7,196,800 N/A 7,196,800 7,196,800
Subtotal 1,260,775,038 1,260,775,038 1,260,775,038
Less Total Deductions 207,246,398   207,246,398 207,246,398
Total Taxable Value 1,053,528,640 1,053,528,640 1,053,528,640 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
1,093,932,382 1,053,528,640 1,093,932,382 1,053,528,640


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
40,403,742 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
1,093,932,382 1,053,528,640 1,093,932,382 1,053,528,640

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