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2008 State Totals

Totals by Category

Category 2008
Local Value
2008
PTD Value
2008
Value Assigned
A Single-Family Residences 918,396,429,743 936,600,544,509 918,980,568,645
B Multifamily Residences 84,904,324,066 88,756,284,078 84,904,324,066
C Vacant Lots 42,852,089,257 44,801,793,424 42,899,394,005
D Rural Acreage 76,010,658,470 78,948,674,088 76,107,193,043
F1 Commercial Real 282,974,430,757 304,575,753,891 283,031,896,500
F2 Industrial Real 91,827,807,497 91,827,807,497 91,827,807,497
G Oil, Gas, & Minerals 121,120,530,036 120,817,656,221 121,117,948,450
J Utilities 47,133,703,833 46,458,530,063 47,134,949,262
L1 Commercial Personal 122,495,483,861 121,041,225,194 122,498,678,471
L2 Industrial Personal 94,954,890,235 94,954,890,235 94,954,890,235
M Mobile Homes & Other Personal 5,713,321,561 5,713,321,561 5,713,321,561
N Intangible Personal & Uncertified 118,580 118,580 118,580
O Residential Inventory 9,993,344,736 9,993,344,736 9,993,344,736
S Special Inventory 4,806,280,264 4,806,280,264 4,806,280,264
Subtotal 1,903,183,412,896 1,949,296,224,341 1,903,970,715,315
Less Total Deductions 224,332,101,743 228,472,293,202 224,503,286,282
Total Taxable Value 1,678,851,311,153 1,720,823,931,139 1,679,467,429,033

Category D Detail

2008
Local Value
2008
PTD Value
Market Value Non-qualified
Acres & Farm/Ranch Imp
64,057,100,378 66,609,842,987
Prod Value Qualified Acres 11,953,558,092 12,338,831,101
Taxable Value 76,010,658,470 78,948,674,088

Measures of School District Wealth

T1 T2 T3 T4 T5 T6
1,727,762,723,652 1,679,467,429,033 1,711,139,164,126 1,662,843,869,507 13,307,231 13,307,231

PVS Deductions

Loss to
the Additional
$10,000 Homestead
Exemption
50% of the Loss
to the Local Optional
Percentage Homestead
Exemption
48,295,294,619 16,623,559,526

Government Code Subsections 403.32 (J) and (K) require the Comptroller to certify alternative measures of school district wealth (T1, T3, T4, T5, and T6) 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
T5 = T2 before the loss to the tax ceiling reduction
T6 = T5 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 73,006,966,691 73,006,966,691 73,006,966,691
Homestead - State-Mandated Over-65 or Disabled $10,000 13,611,666,307 13,611,666,307 13,611,666,307
Homestead - Veterans 1,690,913,259 1,690,913,259 1,690,913,259
Homestead - Over-65 or Disabled Freeze Loss 61,730,333,437 65,314,098,039 61,892,716,431
Homestead - 10% Appraisal Cap Loss 22,860,082,492 23,416,509,349 22,868,884,037
Freeport 22,134,149,623 22,134,149,623 22,134,149,623
Pollution Control 9,182,492,873 9,182,492,873 9,182,492,873
Economic Development Value Limitations 3,284,233,311 3,284,233,311 3,284,233,311
Tax Increment Financing 15,167,426,125 15,167,426,125 15,167,426,125
Low Income Housing, Counties Under 1.4 Million Pop 139,045,807 139,045,807 139,045,807
Solar and Wind-Powered 357,153,269 357,153,269 357,153,269
Deferred Taxes 1,121,301,241 1,121,301,241 1,121,301,241
Total Deductions Allowed in PVS 224,332,101,743 228,472,293,202 224,503,286,282
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