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ceiling reduction
2018 ISD Summary Worksheet
170-Montgomery
170-906/Magnolia ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 4,868,925,623 | N/A | 4,868,925,623 | 4,868,925,623 |
| B. MULTIFAMILY RESIDENCES | 205,313,351 | N/A | 205,313,351 | 205,313,351 |
| C1. VACANT LOTS | 254,872,576 | N/A | 254,872,576 | 254,872,576 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 16,790,147 | N/A | 16,790,147 | 16,790,147 |
| D2. REAL PROP:FARM & RANCH | 1,039,485 | N/A | 1,039,485 | 1,039,485 |
| E. REAL PROP NONQUAL ACREAGE | 593,087,844 | N/A | 593,087,844 | 593,087,844 |
| F1. COMMERCIAL REAL | 598,160,997 | N/A | 598,160,997 | 598,160,997 |
| F2. INDUSTRIAL REAL | 28,132,357 | N/A | 28,132,357 | 28,132,357 |
| G. OIL,GAS,MINERALS | 6,195,170 | N/A | 6,195,170 | 6,195,170 |
| J. UTILITIES | 80,607,740 | N/A | 80,607,740 | 80,607,740 |
| L1. COMMERCIAL PERSONAL | 203,008,326 | N/A | 203,008,326 | 203,008,326 |
| L2. INDUSTRIAL PERSONAL | 182,364,960 | N/A | 182,364,960 | 182,364,960 |
| M. MOBILE HOMES | 42,338,928 | N/A | 42,338,928 | 42,338,928 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 62,597,950 | N/A | 62,597,950 | 62,597,950 |
| S. SPECIAL INVENTORY | 678,849 | N/A | 678,849 | 678,849 |
| Subtotal | 7,144,114,303 | 0 | 7,144,114,303 | 7,144,114,303 |
| Less Total Deductions | 875,012,261 | 0 | 875,012,318 | 875,012,261 |
| Total Taxable Value | 6,269,102,042 | 0 | 6,269,101,985 | 6,269,102,042 |
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 |
|---|---|---|---|
| 6,410,972,314 | 6,269,102,042 | 6,410,972,314 | 6,269,102,042 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 141,870,272 | 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 |
|---|---|---|---|
| 6,410,972,314 | 6,269,102,042 | 6,410,972,314 | 6,269,102,042 |
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
170-906-02/Magnolia ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 4,868,925,623 | N/A | 4,868,925,623 | 4,868,925,623 |
| B. MULTIFAMILY RESIDENCES | 205,313,351 | N/A | 205,313,351 | 205,313,351 |
| C1. VACANT LOTS | 254,872,576 | N/A | 254,872,576 | 254,872,576 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 16,790,147 | N/A | 16,790,147 | 16,790,147 |
| D2. REAL PROP:FARM & RANCH | 1,039,485 | N/A | 1,039,485 | 1,039,485 |
| E. REAL PROP NONQUAL ACREAGE | 593,087,844 | N/A | 593,087,844 | 593,087,844 |
| F1. COMMERCIAL REAL | 598,160,997 | N/A | 598,160,997 | 598,160,997 |
| F2. INDUSTRIAL REAL | 28,132,357 | N/A | 28,132,357 | 28,132,357 |
| G. OIL,GAS,MINERALS | 6,195,170 | N/A | 6,195,170 | 6,195,170 |
| J. UTILITIES | 80,607,740 | N/A | 80,607,740 | 80,607,740 |
| L1. COMMERCIAL PERSONAL | 203,008,326 | N/A | 203,008,326 | 203,008,326 |
| L2. INDUSTRIAL PERSONAL | 182,364,960 | N/A | 182,364,960 | 182,364,960 |
| M. MOBILE HOMES | 42,338,928 | N/A | 42,338,928 | 42,338,928 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 62,597,950 | N/A | 62,597,950 | 62,597,950 |
| S. SPECIAL INVENTORY | 678,849 | N/A | 678,849 | 678,849 |
| Subtotal | 7,144,114,303 | 7,144,114,303 | 7,144,114,303 | |
| Less Total Deductions | 875,012,261 | 875,012,318 | 875,012,261 | |
| Total Taxable Value | 6,269,102,042 | 6,269,101,985 | 6,269,102,042 |
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 |
|---|---|---|---|
| 6,410,972,314 | 6,269,102,042 | 6,410,972,314 | 6,269,102,042 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 141,870,272 | 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 |
|---|---|---|---|
| 6,410,972,314 | 6,269,102,042 | 6,410,972,314 | 6,269,102,042 |
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