taxes Property Tax Assistance

2020 ISD Summary Worksheet

161-McLennan

161-903/Midway ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 3,580,195,596 0.9859 3,631,398,312 3,580,195,596
B - MULTIFAMILY 322,963,875 0.9635 335,198,625 322,963,875
C1 - VACANT LOTS 79,294,566 N/A 79,294,566 79,294,566
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,506,336 1.0983 5,013,726 5,506,336
D2 - FARM & RANCH IMP 3,280,452 N/A 3,280,452 3,280,452
E - NON-AG LAND AND IMPROVEMENTS 94,759,772 N/A 94,759,772 94,759,772
F1 - COMMERCIAL REAL 796,904,511 0.9334 853,765,279 796,904,511
F2 - INDUSTRIAL REAL 333,572,060 N/A 333,572,060 333,572,060
G - ALL MINERALS 5,954 N/A 5,954 5,954
J - ALL UTILITIES 100,869,548 N/A 100,869,548 100,869,548
L1 - COMMERCIAL PERSONAL 604,355,470 1.0724 563,554,150 604,355,470
L2 - INDUSTRIAL PERSONAL 508,611,910 N/A 508,611,910 508,611,910
M1 - MOBILE HOMES 1,732,820 N/A 1,732,820 1,732,820
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 39,157,407 N/A 39,157,407 39,157,407
S - SPECIAL INVENTORY 18,369,000 N/A 18,369,000 18,369,000
Subtotal 6,489,579,277 0 6,568,583,581 6,489,579,277
Less Total Deductions 734,980,768 0 751,631,789 734,980,768
Total Taxable Value 5,754,598,509 0 5,816,951,792 5,754,598,509

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
5,866,419,542 5,754,598,509 5,866,419,542 5,754,598,509


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
111,821,033 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
5,866,419,542 5,754,598,509 5,866,419,542 5,754,598,509

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

161-903-02/Midway ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 3,580,195,596 0.9859 3,631,398,312 3,580,195,596
B - MULTIFAMILY 322,963,875 0.9635 335,198,625 322,963,875
C1 - VACANT LOTS 79,294,566 N/A 79,294,566 79,294,566
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,506,336 1.0983 5,013,726 5,506,336
D2 - FARM & RANCH IMP 3,280,452 N/A 3,280,452 3,280,452
E - NON-AG LAND AND IMPROVEMENTS 94,759,772 N/A 94,759,772 94,759,772
F1 - COMMERCIAL REAL 796,904,511 0.9334 853,765,279 796,904,511
F2 - INDUSTRIAL REAL 333,572,060 N/A 333,572,060 333,572,060
G - ALL MINERALS 5,954 N/A 5,954 5,954
J - ALL UTILITIES 100,869,548 N/A 100,869,548 100,869,548
L1 - COMMERCIAL PERSONAL 604,355,470 1.0724 563,554,150 604,355,470
L2 - INDUSTRIAL PERSONAL 508,611,910 N/A 508,611,910 508,611,910
M1 - MOBILE HOMES 1,732,820 N/A 1,732,820 1,732,820
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 39,157,407 N/A 39,157,407 39,157,407
S - SPECIAL INVENTORY 18,369,000 N/A 18,369,000 18,369,000
Subtotal 6,489,579,277 6,568,583,581 6,489,579,277
Less Total Deductions 734,980,768 751,631,789 734,980,768
Total Taxable Value 5,754,598,509 5,816,951,792 5,754,598,509

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
5,866,419,542 5,754,598,509 5,866,419,542 5,754,598,509


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
111,821,033 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
5,866,419,542 5,754,598,509 5,866,419,542 5,754,598,509

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