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2008 State Totals

Totals by Category

Category 2008
Local Value
2008
PTD Value
2008
Value Assigned
A Single-Family Residences 918,872,436,612 938,968,614,437 921,325,882,669
B Multifamily Residences 85,121,343,248 90,172,327,333 87,503,926,714
C Vacant Lots 43,019,116,116 45,808,223,820 44,127,321,689
D Rural Acreage 76,245,535,554 80,142,547,562 76,792,401,146
F1 Commercial Real 283,988,356,388 319,230,902,912 299,251,300,861
F2 Industrial Real 91,843,361,076 91,843,361,076 91,843,361,076
G Oil, Gas, & Minerals 120,675,099,408 121,176,025,002 121,297,351,326
J Utilities 47,006,471,452 46,941,786,929 47,053,861,087
L1 Commercial Personal 122,377,003,641 121,742,347,767 123,017,954,625
L2 Industrial Personal 94,749,510,088 94,749,510,088 94,749,510,088
M Mobile Homes & Other Personal 5,722,380,776 5,722,380,776 5,722,380,776
N Intangible Personal & Uncertified 139,860 139,860 139,860
O Residential Inventory 9,939,445,639 9,939,445,639 9,939,445,639
S Special Inventory 4,724,529,531 4,724,529,531 4,724,529,531
Subtotal 1,904,284,729,389 1,971,162,142,732 1,927,349,367,087
Less Total Deductions 222,127,462,646 226,708,743,146 222,736,603,221
Total Taxable Value 1,682,157,266,743 1,744,453,399,586 1,704,612,763,866

Category D Detail

2008
Local Value
2008
PTD Value
Market Value Non-qualified
Acres & Farm/Ranch Imp
64,289,604,764 67,495,156,731
Prod Value Qualified Acres 11,955,930,790 12,647,390,831
Taxable Value 76,245,535,554 80,142,547,562

Measures of School District Wealth

T1 T2 T3 T4 T5 T6
1,752,777,511,540 1,704,612,763,866 1,736,225,843,200 1,688,061,095,526 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
48,164,747,674 16,551,668,340

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 72,799,009,746 72,799,009,746 72,799,009,746
Homestead - State-Mandated Over-65 or Disabled $10,000 13,402,572,515 13,402,572,515 13,402,572,515
Homestead - Veterans 1,672,559,203 1,672,559,203 1,672,559,203
Homestead - Over-65 or Disabled Freeze Loss 61,343,056,830 65,296,949,075 61,865,690,661
Homestead - 10% Appraisal Cap Loss 22,946,615,744 23,574,003,999 23,033,122,488
Freeport 21,974,864,402 21,974,864,402 21,974,864,402
Pollution Control 9,137,808,281 9,137,808,281 9,137,808,281
Economic Development Value Limitations 3,284,233,311 3,284,233,311 3,284,233,311
Abatements 0 0 0
Tax Increment Financing 13,964,769,804 13,964,769,804 13,964,769,804
Low Income Housing, Counties Under 1.4 Million Pop 131,202,071 131,202,071 131,202,071
Solar and Wind-Powered 298,007,999 298,007,999 298,007,999
Deferred Taxes 1,126,425,432 1,126,425,432 1,126,425,432
Total Deductions Allowed in PVS 222,127,462,646 226,708,743,146 222,736,603,221
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