taxes Property Tax Assistance

2019 ISD Summary Worksheet

073-Falls

073-904/Westphalia ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 2,352,490 N/A 2,352,490 2,352,490
C1. VACANT LOTS 36,630 N/A 36,630 36,630
D1. QUALIFIED AG LAND 2,336,355 N/A 2,336,355 2,336,355
D2. REAL PROP:FARM & RANCH 1,773,560 N/A 1,773,560 1,773,560
E. REAL PROP NONQUAL ACREAGE 12,822,820 N/A 12,822,820 12,822,820
F1. COMMERCIAL REAL 269,700 N/A 269,700 269,700
F2. INDUSTRIAL REAL 203,820 N/A 203,820 203,820
J. UTILITIES 4,104,090 N/A 4,104,090 4,104,090
L1. COMMERCIAL PERSONAL 272,360 N/A 272,360 272,360
M. MOBILE HOMES 127,120 N/A 127,120 127,120
Subtotal 24,298,945 0 24,298,945 24,298,945
Less Total Deductions 5,158,412 0 5,158,412 5,158,412
Total Taxable Value 19,140,533 0 19,140,533 19,140,533

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
20,295,514 19,140,533 20,295,514 19,140,533


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,154,981 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
20,295,514 19,140,533 20,295,514 19,140,533

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

073-904-02/Westphalia ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 2,352,490 N/A 2,352,490 2,352,490
C1. VACANT LOTS 36,630 N/A 36,630 36,630
D1. QUALIFIED AG LAND 2,336,355 N/A 2,336,355 2,336,355
D2. REAL PROP:FARM & RANCH 1,773,560 N/A 1,773,560 1,773,560
E. REAL PROP NONQUAL ACREAGE 12,822,820 N/A 12,822,820 12,822,820
F1. COMMERCIAL REAL 269,700 N/A 269,700 269,700
F2. INDUSTRIAL REAL 203,820 N/A 203,820 203,820
J. UTILITIES 4,104,090 N/A 4,104,090 4,104,090
L1. COMMERCIAL PERSONAL 272,360 N/A 272,360 272,360
M. MOBILE HOMES 127,120 N/A 127,120 127,120
Subtotal 24,298,945 24,298,945 24,298,945
Less Total Deductions 5,158,412 5,158,412 5,158,412
Total Taxable Value 19,140,533 19,140,533 19,140,533

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
20,295,514 19,140,533 20,295,514 19,140,533


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,154,981 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
20,295,514 19,140,533 20,295,514 19,140,533

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