taxes Property Tax Assistance

2016 ISD Summary Worksheet

084/Galveston

084-908/Hitchcock ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 516,125,446 N/A 516,125,446 516,125,446
B. Multi-Family Residences 9,550,170 N/A 9,550,170 9,550,170
C1. Vacant Lots 44,834,185 N/A 44,834,185 44,834,185
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,430,051 N/A 1,430,051 1,430,051
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 16,488,888 N/A 16,488,888 16,488,888
F1. Commercial Real 54,831,332 N/A 54,831,332 54,831,332
F2. Industrial Real 793,200 N/A 793,200 793,200
G. Oil, Gas, Minerals 12,678,002 N/A 12,678,002 12,678,002
J. Utilities 27,855,926 N/A 27,855,926 27,855,926
L1. Commercial Personal 26,797,295 N/A 26,797,295 26,797,295
L2. Industrial Personal 4,602,888 N/A 4,602,888 4,602,888
M. Other Personal 2,453,662 N/A 2,453,662 2,453,662
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 5,904,060 N/A 5,904,060 5,904,060
S. Special Inventory 2,342,240 N/A 2,342,240 2,342,240
Subtotal 726,687,345 726,687,345 726,687,345
Less Total Deductions 110,371,176   110,371,176 110,371,176
Total Taxable Value 616,316,169 616,316,169 616,316,169 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
637,036,485 616,316,169 637,036,485 616,316,169


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,720,316 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
637,036,485 616,316,169 637,036,485 616,316,169

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