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2007 State Totals

Totals by Category

Category 2007
Local Value
2007
PTD Value
2007
Value Assigned
A Single-Family Residences 847,154,279,702 866,384,625,682 849,535,028,140
B Multifamily Residences 77,037,486,458 85,060,139,647 79,390,493,851
C Vacant Lots 37,821,233,422 39,802,749,046 38,218,114,985
D Rural Acreage 70,352,794,677 73,681,738,155 70,961,373,277
F1 Commercial Real 251,824,287,955 284,926,995,533 259,744,047,041
F2 Industrial Real 85,934,853,872 85,934,853,872 85,934,853,872
G Oil, Gas, & Minerals 95,131,460,904 95,495,145,163 95,507,007,503
J Utilities 44,723,533,394 44,583,292,927 44,716,505,521
L1 Commercial Personal 111,312,977,712 111,279,122,749 112,221,564,570
L2 Industrial Personal 83,570,571,923 83,570,571,923 83,570,571,923
M Mobile Homes & Other Personal 5,622,764,209 5,622,764,209 5,622,764,209
N Intangible Personal & Uncertified 28,820 28,820 28,820
O Residential Inventory 9,272,978,519 9,272,978,519 9,272,978,519
S Special Inventory 4,609,961,485 4,609,961,485 4,609,961,485
Subtotal 1,724,369,213,052 1,790,224,967,730 1,739,305,293,716
Less Total Deductions 201,856,039,695 206,077,828,934 202,478,720,670
Total Taxable Value 1,522,513,173,357 1,584,147,138,796 1,536,826,573,046

Exemptions

2007 Local Value 2007 PTD Value
Homestead & Vets 85,572,624,853 85,572,624,853
Cap Value Loss 20,755,214,735 21,240,233,981
Over 65 Freeze Loss 53,406,733,951 57,143,503,944
All Other 42,121,466,156 42,121,466,156
Total Deductions 201,856,039,695 206,077,828,934

Statewide Category D Recap

2007 Local Value 2007 PTD Value
Mkt value non-qual
Acres & frm/rnch imprv
58,722,175,442 61,554,222,517
Prod Val Qual Acres 11,630,619,235 12,127,515,638
Total Cat D 70,352,794,677 73,681,738,155

Measures of School District Wealth

T1 Loss to
the Additional
$10,000 Homestead
Exemption
T2 50% of the Loss
to the Local Optional
Percentage Homestead
Exemption
T3 T4
1,583,752,655,422 46,926,082,376 1,536,826,573,046 15,252,106,107 1,568,500,549,315 1,521,574,466,939

SB4, passed by the 1999 legislature, requires the Comptroller to certify alternative measures of school district wealth (T1, T3, and T4) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division of State Funding at the Texas Education Agency, telephone number 512-463-9238.

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption
T2 = School district taxable value after the loss to the additional $10,000 homestead exemption
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

Deduction Detail

Deductions Allowed in PVS Local Value PTD Value Assigned Value
Homestead - State-Mandated General $15,000 70,994,247,376 70,994,247,376 70,994,247,376
Homestead - State-Mandated Over-65 or Disabled $10,000 12,973,215,598 12,973,215,598 12,973,215,598
Homestead - Veterans 1,605,161,879 1,605,161,879 1,605,161,879
Homestead - Over-65 or Disabled Freeze Loss 53,406,733,951 57,143,503,944 53,939,810,203
Homestead - 10% Appraisal Cap Loss 20,755,214,735 21,240,233,981 20,844,819,458
Freeport 19,146,137,163 19,146,137,163 19,146,137,163
Pollution Control 8,203,061,356 8,203,061,356 8,203,061,356
Economic Development Value Limitations 1,976,186,943 1,976,186,943 1,976,186,943
Abatements 0 0 0
Tax Increment Financing 11,329,445,057 11,329,445,057 11,329,445,057
Low Income Housing, Counties Under 1.4 Million Pop 99,180,675 99,180,675 99,180,675
Solar and Wind-Powered 166,284,515 166,284,515 166,284,515
Deferred Taxes 1,201,170,447 1,201,170,447 1,201,170,447
Total Deductions Allowed in PVS 201,856,039,695 206,077,828,934 202,478,720,670
Required Plug-ins