taxes Property Tax Assistance

2020 ISD Summary Worksheet

009-Bailey /Bailey County

185-902/Farwell ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 6,962 N/A 6,962 6,962
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,316,095 N/A 2,316,095 2,316,095
D2 - FARM & RANCH IMP 900,822 N/A 900,822 900,822
E - NON-AG LAND AND IMPROVEMENTS 4,191,400 N/A 4,191,400 4,191,400
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 118,145 N/A 118,145 118,145
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 489,500 N/A 489,500 489,500
L1 - COMMERCIAL PERSONAL 1,013,652 N/A 1,013,652 1,013,652
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 106,432 N/A 106,432 106,432
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 9,143,008 0 9,143,008 9,143,008
Less Total Deductions 843,501 0 843,501 843,501
Total Taxable Value 8,299,507 0 8,299,507 8,299,507

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 T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
8,485,164 8,299,507 8,485,164 8,299,507


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
185,657 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

Value Taxable For I & S Purposes

T7 T8 T9 T10
8,485,164 8,299,507 8,485,164 8,299,507

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

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

185-Parmer /Parmer County

185-902/Farwell ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 41,464,929 1.0528 39,385,381 41,464,929
B - MULTIFAMILY 1,606,795 N/A 1,606,795 1,606,795
C1 - VACANT LOTS 975,164 N/A 975,164 975,164
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,595,686 1.2917 11,299,590 14,595,686
D2 - FARM & RANCH IMP 3,722,549 N/A 3,722,549 3,722,549
E - NON-AG LAND AND IMPROVEMENTS 35,968,319 1.0663 33,731,894 35,968,319
F1 - COMMERCIAL REAL 6,796,836 N/A 6,796,836 6,796,836
F2 - INDUSTRIAL REAL 26,990,666 N/A 26,990,666 26,990,666
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 31,888,827 0.9489 33,606,099 31,888,827
L1 - COMMERCIAL PERSONAL 4,899,949 0.9728 5,036,954 4,899,949
L2 - INDUSTRIAL PERSONAL 8,842,610 N/A 8,842,610 8,842,610
M1 - MOBILE HOMES 166,445 N/A 166,445 166,445
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 138,061 N/A 138,061 138,061
Subtotal 178,056,836 0 172,299,044 178,056,836
Less Total Deductions 21,074,401 0 20,050,846 21,074,401
Total Taxable Value 156,982,435 0 152,248,198 156,982,435

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 T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
160,888,747 156,982,435 160,888,747 156,982,435


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,906,312 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

Value Taxable For I & S Purposes

T7 T8 T9 T10
160,888,747 156,982,435 160,888,747 156,982,435

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

THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE LOCAL VALUE IS GREATER THAN PTAD VALUE

185-902-02/Farwell ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 41,471,891 1.0528 39,392,343 41,471,891
B - MULTIFAMILY 1,606,795 N/A 1,606,795 1,606,795
C1 - VACANT LOTS 975,164 N/A 975,164 975,164
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 16,911,781 1.2421 13,615,685 16,911,781
D2 - FARM & RANCH IMP 4,623,371 N/A 4,623,371 4,623,371
E - NON-AG LAND AND IMPROVEMENTS 40,159,719 1.0590 37,923,294 40,159,719
F1 - COMMERCIAL REAL 6,796,836 N/A 6,796,836 6,796,836
F2 - INDUSTRIAL REAL 27,108,811 N/A 27,108,811 27,108,811
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 32,378,327 0.9496 34,095,599 32,378,327
L1 - COMMERCIAL PERSONAL 5,913,601 0.9774 6,050,606 5,913,601
L2 - INDUSTRIAL PERSONAL 8,842,610 N/A 8,842,610 8,842,610
M1 - MOBILE HOMES 272,877 N/A 272,877 272,877
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 138,061 N/A 138,061 138,061
Subtotal 187,199,844 181,442,052 187,199,844
Less Total Deductions 21,917,902 20,894,347 21,917,902
Total Taxable Value 165,281,942 160,547,705 165,281,942

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 T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
169,373,911 165,281,942 169,373,911 165,281,942


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
4,091,969 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

Value Taxable For I & S Purposes

T7 T8 T9 T10
169,373,911 165,281,942 169,373,911 165,281,942

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