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2012 ISD Summary Worksheet

095/Hale

095-902/Cotton Center ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 2,524,923 .9838 2,566,500 2,566,500
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 31,389 N/A 31,389 31,389
D. Rural Real(Taxable) 46,921,735 .9241 50,775,015 50,775,015
F1. Commercial Real 303,195 N/A 303,195 303,195
F2. Industrial Real 701,036 N/A 701,036 701,036
G. Oil, Gas, Minerals 14,160 N/A 14,160 14,160
J. Utilities 2,719,228 1.0669 2,548,719 2,548,719
L1. Commercial Personal 1,807,558 N/A 1,807,558 1,807,558
L2. Industrial Personal 518,071 N/A 518,071 518,071
M. Other Personal 69,624 N/A 69,624 69,624
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 55,610,919 59,335,267 59,335,267
Less Total Deductions 2,367,502   2,409,590 2,409,590
Total Taxable Value 53,243,417 56,925,677 56,925,677 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 9,762,758 .9556 10,216,365
Prod Value Qualified Acres 37,158,977 .9162 40,558,650
Taxable Value 46,921,735   50,775,015

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
57,511,703 56,925,677 57,511,703 56,925,677 57,300,292 57,300,292


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
586,026 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
57,511,703 56,925,677 57,511,703 56,925,677 57,300,292 57,300,292

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 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)

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