taxes Property Tax Assistance

2016 ISD Summary Worksheet

026/Burleson

026-902/Somerville ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 94,976,080 .8332 113,989,534 113,989,534
B. Multi-Family Residences 817,164 N/A 817,164 817,164
C1. Vacant Lots 19,203,143 .9671 19,856,419 19,856,419
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,111,133 .8265 4,973,885 4,973,885
D2. Real Prop Farm & Ranch 7,979,899 N/A 7,979,899 7,979,899
E. Real Prop NonQual Acres 65,777,329 .9055 72,641,998 72,641,998
F1. Commercial Real 15,184,503 .9184 16,533,649 16,533,649
F2. Industrial Real 3,094,161 N/A 3,094,161 3,094,161
G. Oil, Gas, Minerals 19,695,110 1.0117 19,467,342 19,467,342
J. Utilities 26,151,405 1.0313 25,357,709 25,357,709
L1. Commercial Personal 6,438,954 N/A 6,438,954 6,438,954
L2. Industrial Personal 49,463,550 N/A 49,463,550 49,463,550
M. Other Personal 6,444,157 N/A 6,444,157 6,444,157
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 319,336,588 347,058,421 347,058,421
Less Total Deductions 60,063,555   69,445,505 69,445,505
Total Taxable Value 259,273,033 277,612,916 277,612,916 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
286,231,848 277,612,916 286,231,848 277,612,916


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,618,932 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
286,231,848 277,612,916 286,231,848 277,612,916

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:

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)