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2011 ISD Summary Worksheet

084/Galveston

084-908/Hitchcock ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTAD Value Estimate 2011 Value Assigned
A. Single-Family Residences 372,934,195 1.0164 366,916,760 372,934,195
B. Multi-Family Residences 8,438,620 N/A 8,438,620 8,438,620
C. Vacant Lots 47,607,694 1.0475 45,448,873 47,607,694
D. Rural Real(Taxable) 16,820,779 .9496 17,713,897 16,820,779
F1. Commercial Real 45,280,600 .9846 45,988,828 45,280,600
F2. Industrial Real 775,600 N/A 775,600 775,600
G. Oil, Gas, Minerals 5,577,123 N/A 5,577,123 5,577,123
J. Utilities 22,095,891 N/A 22,095,891 22,095,891
L1. Commercial Personal 19,623,530 N/A 19,623,530 19,623,530
L2. Industrial Personal 963,597 N/A 963,597 963,597
M. Other Personal 2,173,772 N/A 2,173,772 2,173,772
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 5,681,410 N/A 5,681,410 5,681,410
S. Special Inventory 976,080 N/A 976,080 976,080
Subtotal 548,948,891 542,373,981 548,948,891
Less Total Deductions 72,260,657   70,937,767 72,260,657
Total Taxable Value 476,688,234 471,436,214 476,688,234 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 15,110,768 N/A 15,110,768
Prod Value Qualified Acres 1,710,011 .6569 2,603,129
Taxable Value 16,820,779   17,713,897

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
497,444,664 476,688,234 497,444,664 476,688,234 476,852,065 476,852,065


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,756,430 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
497,444,664 476,688,234 497,444,664 476,688,234 476,852,065 476,852,065

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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