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2012 ISD Summary Worksheet

084/Galveston

084-908/Hitchcock ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 374,709,749 N/A 374,709,749 374,709,749
B. Multi-Family Residences 8,637,720 N/A 8,637,720 8,637,720
C. Vacant Lots 52,189,616 N/A 52,189,616 52,189,616
D. Rural Real(Taxable) 16,875,879 N/A 16,875,879 16,875,879
F1. Commercial Real 47,147,310 N/A 47,147,310 47,147,310
F2. Industrial Real 775,600 N/A 775,600 775,600
G. Oil, Gas, Minerals 6,360,721 N/A 6,360,721 6,360,721
J. Utilities 22,172,644 N/A 22,172,644 22,172,644
L1. Commercial Personal 24,934,700 N/A 24,934,700 24,934,700
L2. Industrial Personal 1,013,970 N/A 1,013,970 1,013,970
M. Other Personal 2,156,642 N/A 2,156,642 2,156,642
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 2,752,650 N/A 2,752,650 2,752,650
S. Special Inventory 1,155,190 N/A 1,155,190 1,155,190
Subtotal 560,882,391 560,882,391 560,882,391
Less Total Deductions 70,161,947   70,161,947 70,161,947
Total Taxable Value 490,720,444 490,720,444 490,720,444 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 15,163,148 N/A 15,163,148
Prod Value Qualified Acres 1,712,731 N/A 1,712,731
Taxable Value 16,875,879   16,875,879

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
511,386,092 490,720,444 511,386,092 490,720,444 490,720,444 490,720,444


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,665,648 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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
511,386,092 490,720,444 511,386,092 490,720,444 490,720,444 490,720,444

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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 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

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