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ceiling reduction
2018 ISD Summary Worksheet
161-McLennan
161-903/Midway ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 3,156,010,073 | 1.0022 | 3,149,082,092 | 3,156,010,073 |
| B. MULTIFAMILY RESIDENCES | 278,859,759 | 0.8597 | 324,368,686 | 278,859,759 |
| C1. VACANT LOTS | 89,632,703 | N/A | 89,632,703 | 89,632,703 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 5,628,666 | 1.0794 | 5,214,503 | 5,628,666 |
| D2. REAL PROP:FARM & RANCH | 2,899,197 | N/A | 2,899,197 | 2,899,197 |
| E. REAL PROP NONQUAL ACREAGE | 84,666,890 | N/A | 84,666,890 | 84,666,890 |
| F1. COMMERCIAL REAL | 722,870,732 | 0.9360 | 772,297,791 | 722,870,732 |
| F2. INDUSTRIAL REAL | 323,864,803 | N/A | 323,864,803 | 323,864,803 |
| G. OIL,GAS,MINERALS | 13,036 | N/A | 13,036 | 13,036 |
| J. UTILITIES | 92,343,249 | N/A | 92,343,249 | 92,343,249 |
| L1. COMMERCIAL PERSONAL | 718,442,640 | 1.0133 | 709,012,770 | 718,442,640 |
| L2. INDUSTRIAL PERSONAL | 450,418,270 | N/A | 450,418,270 | 450,418,270 |
| M. MOBILE HOMES | 1,941,790 | N/A | 1,941,790 | 1,941,790 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 25,957,550 | N/A | 25,957,550 | 25,957,550 |
| S. SPECIAL INVENTORY | 9,855,370 | N/A | 9,855,370 | 9,855,370 |
| Subtotal | 5,963,404,728 | 0 | 6,041,568,700 | 5,963,404,728 |
| Less Total Deductions | 733,118,236 | 0 | 730,908,303 | 733,118,236 |
| Total Taxable Value | 5,230,286,492 | 0 | 5,310,660,397 | 5,230,286,492 |
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 |
|---|---|---|---|
| 5,339,949,726 | 5,230,286,492 | 5,339,949,726 | 5,230,286,492 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 109,663,234 | 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 |
|---|---|---|---|
| 5,339,949,726 | 5,230,286,492 | 5,339,949,726 | 5,230,286,492 |
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 | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 3,156,010,073 | 1.0022 | 3,149,082,092 | 3,156,010,073 |
| B. MULTIFAMILY RESIDENCES | 278,859,759 | 0.8597 | 324,368,686 | 278,859,759 |
| C1. VACANT LOTS | 89,632,703 | N/A | 89,632,703 | 89,632,703 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 5,628,666 | 1.0794 | 5,214,503 | 5,628,666 |
| D2. REAL PROP:FARM & RANCH | 2,899,197 | N/A | 2,899,197 | 2,899,197 |
| E. REAL PROP NONQUAL ACREAGE | 84,666,890 | N/A | 84,666,890 | 84,666,890 |
| F1. COMMERCIAL REAL | 722,870,732 | 0.9360 | 772,297,791 | 722,870,732 |
| F2. INDUSTRIAL REAL | 323,864,803 | N/A | 323,864,803 | 323,864,803 |
| G. OIL,GAS,MINERALS | 13,036 | N/A | 13,036 | 13,036 |
| J. UTILITIES | 92,343,249 | N/A | 92,343,249 | 92,343,249 |
| L1. COMMERCIAL PERSONAL | 718,442,640 | 1.0133 | 709,012,770 | 718,442,640 |
| L2. INDUSTRIAL PERSONAL | 450,418,270 | N/A | 450,418,270 | 450,418,270 |
| M. MOBILE HOMES | 1,941,790 | N/A | 1,941,790 | 1,941,790 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 25,957,550 | N/A | 25,957,550 | 25,957,550 |
| S. SPECIAL INVENTORY | 9,855,370 | N/A | 9,855,370 | 9,855,370 |
| Subtotal | 5,963,404,728 | 6,041,568,700 | 5,963,404,728 | |
| Less Total Deductions | 733,118,236 | 730,908,303 | 733,118,236 | |
| Total Taxable Value | 5,230,286,492 | 5,310,660,397 | 5,230,286,492 |
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 |
|---|---|---|---|
| 5,339,949,726 | 5,230,286,492 | 5,339,949,726 | 5,230,286,492 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 109,663,234 | 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 |
|---|---|---|---|
| 5,339,949,726 | 5,230,286,492 | 5,339,949,726 | 5,230,286,492 |
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 taxceiling 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