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ceiling reduction
2018 ISD Summary Worksheet
165-Midland
165-901/Midland ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 9,793,071,073 | 0.9465 | 10,346,614,974 | 9,793,071,073 |
| B. MULTIFAMILY RESIDENCES | 980,673,947 | 0.6955 | 1,410,027,242 | 980,673,947 |
| C1. VACANT LOTS | 257,049,787 | N/A | 257,049,787 | 257,049,787 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 10,439,300 | 0.9746 | 10,711,134 | 10,439,300 |
| D2. REAL PROP:FARM & RANCH | 0 | N/A | 0 | 0 |
| E. REAL PROP NONQUAL ACREAGE | 352,601,909 | 0.9870 | 357,246,108 | 352,601,909 |
| F1. COMMERCIAL REAL | 2,759,133,105 | 0.9816 | 2,810,852,796 | 2,759,133,105 |
| F2. INDUSTRIAL REAL | 474,902,735 | N/A | 474,902,735 | 474,902,735 |
| G. OIL,GAS,MINERALS | 5,614,184,129 | 1.0093 | 5,562,453,313 | 5,614,184,129 |
| J. UTILITIES | 989,823,077 | 0.9463 | 1,045,992,895 | 989,823,077 |
| L1. COMMERCIAL PERSONAL | 1,417,967,345 | 1.0166 | 1,394,813,442 | 1,417,967,345 |
| L2. INDUSTRIAL PERSONAL | 3,825,818,660 | N/A | 3,825,818,660 | 3,825,818,660 |
| M. MOBILE HOMES | 106,263,510 | N/A | 106,263,510 | 106,263,510 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 0 | N/A | 0 | 0 |
| S. SPECIAL INVENTORY | 62,677,026 | N/A | 62,677,026 | 62,677,026 |
| Subtotal | 26,644,605,603 | 0 | 27,665,423,622 | 26,644,605,603 |
| Less Total Deductions | 1,867,015,107 | 0 | 1,981,318,360 | 1,867,015,107 |
| Total Taxable Value | 24,777,590,496 | 0 | 25,684,105,262 | 24,777,590,496 |
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 |
|---|---|---|---|
| 25,063,223,856 | 24,777,590,496 | 24,703,621,098 | 24,417,987,738 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 285,633,360 | 359,602,758 |
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 |
|---|---|---|---|
| 25,063,223,856 | 24,777,590,496 | 24,703,621,098 | 24,417,987,738 |
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
165-901-02/Midland ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 9,793,071,073 | 0.9465 | 10,346,614,974 | 9,793,071,073 |
| B. MULTIFAMILY RESIDENCES | 980,673,947 | 0.6955 | 1,410,027,242 | 980,673,947 |
| C1. VACANT LOTS | 257,049,787 | N/A | 257,049,787 | 257,049,787 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 10,439,300 | 0.9746 | 10,711,134 | 10,439,300 |
| D2. REAL PROP:FARM & RANCH | 0 | N/A | 0 | 0 |
| E. REAL PROP NONQUAL ACREAGE | 352,601,909 | 0.9870 | 357,246,108 | 352,601,909 |
| F1. COMMERCIAL REAL | 2,759,133,105 | 0.9816 | 2,810,852,796 | 2,759,133,105 |
| F2. INDUSTRIAL REAL | 474,902,735 | N/A | 474,902,735 | 474,902,735 |
| G. OIL,GAS,MINERALS | 5,614,184,129 | 1.0093 | 5,562,453,313 | 5,614,184,129 |
| J. UTILITIES | 989,823,077 | 0.9463 | 1,045,992,895 | 989,823,077 |
| L1. COMMERCIAL PERSONAL | 1,417,967,345 | 1.0166 | 1,394,813,442 | 1,417,967,345 |
| L2. INDUSTRIAL PERSONAL | 3,825,818,660 | N/A | 3,825,818,660 | 3,825,818,660 |
| M. MOBILE HOMES | 106,263,510 | N/A | 106,263,510 | 106,263,510 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 0 | N/A | 0 | 0 |
| S. SPECIAL INVENTORY | 62,677,026 | N/A | 62,677,026 | 62,677,026 |
| Subtotal | 26,644,605,603 | 27,665,423,622 | 26,644,605,603 | |
| Less Total Deductions | 1,867,015,107 | 1,981,318,360 | 1,867,015,107 | |
| Total Taxable Value | 24,777,590,496 | 25,684,105,262 | 24,777,590,496 |
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 |
|---|---|---|---|
| 25,063,223,856 | 24,777,590,496 | 24,703,621,098 | 24,417,987,738 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 285,633,360 | 359,602,758 |
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 |
|---|---|---|---|
| 25,063,223,856 | 24,777,590,496 | 24,703,621,098 | 24,417,987,738 |
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