taxes Property Tax Assistance

2017 ISD Summary Worksheet

175/Navarro

175-907/Kerens ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 124,640,599 1.0040 124,144,023 124,640,599
B. Multi-Family Residences 307,000 N/A 307,000 307,000
C1. Vacant Lots 17,548,482 1.0148 17,292,552 17,548,482
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 15,220,821 1.0032 15,171,981 15,220,821
D2. Real Prop Farm & Ranch 1,445,173 N/A 1,445,173 1,445,173
E. Real Prop NonQual Acres 66,956,853 1.0203 65,624,672 66,956,853
F1. Commercial Real 9,763,066 N/A 9,763,066 9,763,066
F2. Industrial Real 87,300 N/A 87,300 87,300
G. Oil, Gas, Minerals 3,491,462 N/A 3,491,462 3,491,462
J. Utilities 56,164,900 .9583 58,608,891 56,164,900
L1. Commercial Personal 2,533,470 N/A 2,533,470 2,533,470
L2. Industrial Personal 6,623,070 N/A 6,623,070 6,623,070
M. Other Personal 2,003,330 N/A 2,003,330 2,003,330
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 716,960 N/A 716,960 716,960
S. Special Inventory 6,410 N/A 6,410 6,410
Subtotal 307,508,896 307,819,360 307,508,896
Less Total Deductions 51,226,015   50,992,916 51,226,015
Total Taxable Value 256,282,881 256,826,444 256,282,881 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
263,988,808 256,282,881 263,988,808 256,282,881


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,705,927 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
263,988,808 256,282,881 263,988,808 256,282,881

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