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ceiling reduction
2018 ISD Summary Worksheet
176-Newton
176-902/Newton ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 118,389,330 | 0.8708 | 135,954,674 | 118,389,330 |
| B. MULTIFAMILY RESIDENCES | 980,691 | N/A | 980,691 | 980,691 |
| C1. VACANT LOTS | 9,004,190 | N/A | 9,004,190 | 9,004,190 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 56,125,076 | 1.0222 | 54,907,780 | 56,125,076 |
| D2. REAL PROP:FARM & RANCH | 473,861 | N/A | 473,861 | 473,861 |
| E. REAL PROP NONQUAL ACREAGE | 67,868,493 | 1.0474 | 64,797,110 | 67,868,493 |
| F1. COMMERCIAL REAL | 13,280,528 | N/A | 13,280,528 | 13,280,528 |
| F2. INDUSTRIAL REAL | 3,044,321 | N/A | 3,044,321 | 3,044,321 |
| G. OIL,GAS,MINERALS | 26,326,093 | 1.0066 | 26,153,480 | 26,326,093 |
| J. UTILITIES | 20,220,321 | N/A | 20,220,321 | 20,220,321 |
| L1. COMMERCIAL PERSONAL | 5,127,509 | N/A | 5,127,509 | 5,127,509 |
| L2. INDUSTRIAL PERSONAL | 5,584,780 | N/A | 5,584,780 | 5,584,780 |
| M. MOBILE HOMES | 15,120,843 | N/A | 15,120,843 | 15,120,843 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 3,000 | N/A | 3,000 | 3,000 |
| S. SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 341,549,036 | 0 | 354,653,088 | 341,549,036 |
| Less Total Deductions | 79,083,544 | 0 | 88,786,443 | 79,083,544 |
| Total Taxable Value | 262,465,492 | 0 | 265,866,645 | 262,465,492 |
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 |
|---|---|---|---|
| 275,283,275 | 262,465,492 | 263,589,670 | 250,771,887 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 12,817,783 | 11,693,605 |
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 |
|---|---|---|---|
| 275,283,275 | 262,465,492 | 263,589,670 | 250,771,887 |
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
176-902-02/Newton ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 118,389,330 | 0.8708 | 135,954,674 | 118,389,330 |
| B. MULTIFAMILY RESIDENCES | 980,691 | N/A | 980,691 | 980,691 |
| C1. VACANT LOTS | 9,004,190 | N/A | 9,004,190 | 9,004,190 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 56,125,076 | 1.0222 | 54,907,780 | 56,125,076 |
| D2. REAL PROP:FARM & RANCH | 473,861 | N/A | 473,861 | 473,861 |
| E. REAL PROP NONQUAL ACREAGE | 67,868,493 | 1.0474 | 64,797,110 | 67,868,493 |
| F1. COMMERCIAL REAL | 13,280,528 | N/A | 13,280,528 | 13,280,528 |
| F2. INDUSTRIAL REAL | 3,044,321 | N/A | 3,044,321 | 3,044,321 |
| G. OIL,GAS,MINERALS | 26,326,093 | 1.0066 | 26,153,480 | 26,326,093 |
| J. UTILITIES | 20,220,321 | N/A | 20,220,321 | 20,220,321 |
| L1. COMMERCIAL PERSONAL | 5,127,509 | N/A | 5,127,509 | 5,127,509 |
| L2. INDUSTRIAL PERSONAL | 5,584,780 | N/A | 5,584,780 | 5,584,780 |
| M. MOBILE HOMES | 15,120,843 | N/A | 15,120,843 | 15,120,843 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 3,000 | N/A | 3,000 | 3,000 |
| S. SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 341,549,036 | 354,653,088 | 341,549,036 | |
| Less Total Deductions | 79,083,544 | 88,786,443 | 79,083,544 | |
| Total Taxable Value | 262,465,492 | 265,866,645 | 262,465,492 |
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 |
|---|---|---|---|
| 275,283,275 | 262,465,492 | 263,589,670 | 250,771,887 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 12,817,783 | 11,693,605 |
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 |
|---|---|---|---|
| 275,283,275 | 262,465,492 | 263,589,670 | 250,771,887 |
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