taxes Property Tax Assistance

2017 ISD Summary Worksheet

084/Galveston

084-908/Hitchcock ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 557,792,070 .9555 583,769,827 557,792,070
B. Multi-Family Residences 9,427,546 N/A 9,427,546 9,427,546
C1. Vacant Lots 50,532,170 .9762 51,764,157 50,532,170
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,458,741 1.1736 1,242,910 1,458,741
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 17,899,502 N/A 17,899,502 17,899,502
F1. Commercial Real 59,760,386 .9943 60,102,973 59,760,386
F2. Industrial Real 793,230 N/A 793,230 793,230
G. Oil, Gas, Minerals 1,083,272 N/A 1,083,272 1,083,272
J. Utilities 27,571,884 N/A 27,571,884 27,571,884
L1. Commercial Personal 25,389,554 N/A 25,389,554 25,389,554
L2. Industrial Personal 3,819,262 N/A 3,819,262 3,819,262
M. Other Personal 2,531,730 N/A 2,531,730 2,531,730
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 4,020,930 N/A 4,020,930 4,020,930
S. Special Inventory 2,521,190 N/A 2,521,190 2,521,190
Subtotal 764,601,467 791,937,967 764,601,467
Less Total Deductions 113,159,322   119,504,031 113,159,322
Total Taxable Value 651,442,145 672,433,936 651,442,145 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
673,174,485 651,442,145 673,174,485 651,442,145


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
21,732,340 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
673,174,485 651,442,145 673,174,485 651,442,145

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