taxes Property Tax Assistance

2017 ISD Summary Worksheet

110/Hockley

110-906/Smyer ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 49,945,782 .9650 51,757,287 49,945,782
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 722,170 N/A 722,170 722,170
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,399,870 2.4206 5,535,725 13,399,870
D2. Real Prop Farm & Ranch 190,550 N/A 190,550 190,550
E. Real Prop NonQual Acres 3,399,495 N/A 3,399,495 3,399,495
F1. Commercial Real 1,907,940 N/A 1,907,940 1,907,940
F2. Industrial Real 2,411,800 N/A 2,411,800 2,411,800
G. Oil, Gas, Minerals 30,520,400 1.0059 30,341,386 30,520,400
J. Utilities 6,499,340 .7882 8,245,801 6,499,340
L1. Commercial Personal 1,329,150 N/A 1,329,150 1,329,150
L2. Industrial Personal 549,350 N/A 549,350 549,350
M. Other Personal 171,870 N/A 171,870 171,870
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 111,047,717 106,562,524 111,047,717
Less Total Deductions 13,574,116   13,957,660 13,574,116
Total Taxable Value 97,473,601 92,604,864 97,473,601 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
101,067,334 97,473,601 101,067,334 97,473,601


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,593,733 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
101,067,334 97,473,601 101,067,334 97,473,601

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 local value is greater than PTAD value.