taxes Property Tax Assistance

2020 ISD Summary Worksheet

161-McLennan /McLennan County

161-906/La Vega ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 359,776,245 0.9164 392,597,387 359,776,245
B - MULTIFAMILY 20,661,672 N/A 20,661,672 20,661,672
C1 - VACANT LOTS 19,973,852 N/A 19,973,852 19,973,852
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,472,816 1.1390 1,293,056 1,472,816
D2 - FARM & RANCH IMP 906,397 N/A 906,397 906,397
E - NON-AG LAND AND IMPROVEMENTS 28,123,163 N/A 28,123,163 28,123,163
F1 - COMMERCIAL REAL 301,151,481 0.9770 308,241,025 301,151,481
F2 - INDUSTRIAL REAL 128,460,700 N/A 128,460,700 128,460,700
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 40,351,690 N/A 40,351,690 40,351,690
L1 - COMMERCIAL PERSONAL 252,006,060 1.0197 247,137,452 252,006,060
L2 - INDUSTRIAL PERSONAL 15,120,640 N/A 15,120,640 15,120,640
M1 - MOBILE HOMES 5,423,670 N/A 5,423,670 5,423,670
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,754,280 N/A 1,754,280 1,754,280
S - SPECIAL INVENTORY 621,160 N/A 621,160 621,160
Subtotal 1,175,803,826 0 1,210,666,144 1,175,803,826
Less Total Deductions 159,268,338 0 169,886,862 159,268,338
Total Taxable Value 1,016,535,488 0 1,040,779,282 1,016,535,488

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
1,035,779,025 1,016,535,488 1,035,779,025 1,016,535,488


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,243,537 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
1,035,779,025 1,016,535,488 1,035,779,025 1,016,535,488

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

161-906-02/La Vega ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 359,776,245 0.9164 392,597,387 359,776,245
B - MULTIFAMILY 20,661,672 N/A 20,661,672 20,661,672
C1 - VACANT LOTS 19,973,852 N/A 19,973,852 19,973,852
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,472,816 1.1390 1,293,056 1,472,816
D2 - FARM & RANCH IMP 906,397 N/A 906,397 906,397
E - NON-AG LAND AND IMPROVEMENTS 28,123,163 N/A 28,123,163 28,123,163
F1 - COMMERCIAL REAL 301,151,481 0.9770 308,241,025 301,151,481
F2 - INDUSTRIAL REAL 128,460,700 N/A 128,460,700 128,460,700
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 40,351,690 N/A 40,351,690 40,351,690
L1 - COMMERCIAL PERSONAL 252,006,060 1.0197 247,137,452 252,006,060
L2 - INDUSTRIAL PERSONAL 15,120,640 N/A 15,120,640 15,120,640
M1 - MOBILE HOMES 5,423,670 N/A 5,423,670 5,423,670
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,754,280 N/A 1,754,280 1,754,280
S - SPECIAL INVENTORY 621,160 N/A 621,160 621,160
Subtotal 1,175,803,826 1,210,666,144 1,175,803,826
Less Total Deductions 159,268,338 169,886,862 159,268,338
Total Taxable Value 1,016,535,488 1,040,779,282 1,016,535,488

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
1,035,779,025 1,016,535,488 1,035,779,025 1,016,535,488


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
19,243,537 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
1,035,779,025 1,016,535,488 1,035,779,025 1,016,535,488

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