taxes Property Tax Assistance

2016 ISD Summary Worksheet

083/Gaines

083-903/Seminole ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 234,300,961 N/A 234,300,961 234,300,961
B. Multi-Family Residences 6,433,940 N/A 6,433,940 6,433,940
C1. Vacant Lots 39,311,479 N/A 39,311,479 39,311,479
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 72,843,213 N/A 72,843,213 72,843,213
D2. Real Prop Farm & Ranch 3,852,808 N/A 3,852,808 3,852,808
E. Real Prop NonQual Acres 281,177,626 N/A 281,177,626 281,177,626
F1. Commercial Real 84,802,130 N/A 84,802,130 84,802,130
F2. Industrial Real 256,329,950 N/A 256,329,950 256,329,950
G. Oil, Gas, Minerals 1,302,127,989 N/A 1,302,127,989 1,302,127,989
J. Utilities 119,996,550 N/A 119,996,550 119,996,550
L1. Commercial Personal 63,226,350 N/A 63,226,350 63,226,350
L2. Industrial Personal 177,689,480 N/A 177,689,480 177,689,480
M. Other Personal 27,949,099 N/A 27,949,099 27,949,099
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 10,820 N/A 10,820 10,820
S. Special Inventory 2,460,000 N/A 2,460,000 2,460,000
Subtotal 2,672,512,395 2,672,512,395 2,672,512,395
Less Total Deductions 130,191,209   130,191,209 130,191,209
Total Taxable Value 2,542,321,186 2,542,321,186 2,542,321,186 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
2,567,794,541 2,542,321,186 2,567,794,541 2,542,321,186


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
25,473,355 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
2,567,794,541 2,542,321,186 2,567,794,541 2,542,321,186

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