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 .8678 109,444,665 109,444,665
B. Multi-Family Residences 817,164 N/A 817,164 817,164
C1. Vacant Lots 19,203,143 1.0271 18,696,469 18,696,469
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,111,133 .9516 4,320,110 4,320,110
D2. Real Prop Farm & Ranch 7,979,899 N/A 7,979,899 7,979,899
E. Real Prop NonQual Acres 65,777,329 .9657 68,113,626 68,113,626
F1. Commercial Real 15,184,503 1.0348 14,673,853 14,673,853
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 319,336,588 334,311,659 334,311,659
Less Total Deductions 60,063,555   67,202,943 67,202,943
Total Taxable Value 259,273,033 267,108,716 267,108,716 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
275,727,648 267,108,716 275,727,648 267,108,716


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
275,727,648 267,108,716 275,727,648 267,108,716

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)