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ceiling reduction
2019 ISD Summary Worksheet
077-Floyd
077-901/Floydada ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 47,100,990 | 0.8681 | 54,257,562 | 47,100,990 |
| B. MULTIFAMILY RESIDENCES | 258,130 | N/A | 258,130 | 258,130 |
| C1. VACANT LOTS | 684,031 | N/A | 684,031 | 684,031 |
| D1. QUALIFIED AG LAND | 67,688,850 | 1.2881 | 52,548,880 | 67,688,850 |
| D2. REAL PROP:FARM & RANCH | 2,418,950 | N/A | 2,418,950 | 2,418,950 |
| E. REAL PROP NONQUAL ACREAGE | 18,706,311 | 0.8226 | 22,740,470 | 18,706,311 |
| F1. COMMERCIAL REAL | 7,973,080 | N/A | 7,973,080 | 7,973,080 |
| F2. INDUSTRIAL REAL | 533,641,970 | N/A | 533,641,970 | 533,641,970 |
| G. OIL,GAS,MINERALS | 30,520 | N/A | 30,520 | 30,520 |
| J. UTILITIES | 97,212,780 | 0.9781 | 99,389,408 | 97,212,780 |
| L1. COMMERCIAL PERSONAL | 8,023,890 | N/A | 8,023,890 | 8,023,890 |
| L2. INDUSTRIAL PERSONAL | 4,572,340 | N/A | 4,572,340 | 4,572,340 |
| M. MOBILE HOMES | 68,350 | N/A | 68,350 | 68,350 |
| S. SPECIAL INVENTORY | 584,962 | N/A | 584,962 | 584,962 |
| Subtotal | 788,965,154 | 0 | 787,192,543 | 788,965,154 |
| Less Total Deductions | 465,333,984 | 0 | 468,753,975 | 465,333,984 |
| Total Taxable Value | 323,631,170 | 0 | 318,438,568 | 323,631,170 |
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 |
|---|---|---|---|
| 330,051,500 | 323,631,170 | 330,051,500 | 323,631,170 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 6,420,330 | 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 |
|---|---|---|---|
| 767,186,290 | 760,765,960 | 767,186,290 | 760,765,960 |
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
077-901-02/Floydada ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 47,100,990 | 0.8681 | 54,257,562 | 47,100,990 |
| B. MULTIFAMILY RESIDENCES | 258,130 | N/A | 258,130 | 258,130 |
| C1. VACANT LOTS | 684,031 | N/A | 684,031 | 684,031 |
| D1. QUALIFIED AG LAND | 67,688,850 | 1.2881 | 52,548,880 | 67,688,850 |
| D2. REAL PROP:FARM & RANCH | 2,418,950 | N/A | 2,418,950 | 2,418,950 |
| E. REAL PROP NONQUAL ACREAGE | 18,706,311 | 0.8226 | 22,740,470 | 18,706,311 |
| F1. COMMERCIAL REAL | 7,973,080 | N/A | 7,973,080 | 7,973,080 |
| F2. INDUSTRIAL REAL | 533,641,970 | N/A | 533,641,970 | 533,641,970 |
| G. OIL,GAS,MINERALS | 30,520 | N/A | 30,520 | 30,520 |
| J. UTILITIES | 97,212,780 | 0.9781 | 99,389,408 | 97,212,780 |
| L1. COMMERCIAL PERSONAL | 8,023,890 | N/A | 8,023,890 | 8,023,890 |
| L2. INDUSTRIAL PERSONAL | 4,572,340 | N/A | 4,572,340 | 4,572,340 |
| M. MOBILE HOMES | 68,350 | N/A | 68,350 | 68,350 |
| S. SPECIAL INVENTORY | 584,962 | N/A | 584,962 | 584,962 |
| Subtotal | 788,965,154 | 787,192,543 | 788,965,154 | |
| Less Total Deductions | 465,333,984 | 468,753,975 | 465,333,984 | |
| Total Taxable Value | 323,631,170 | 318,438,568 | 323,631,170 |
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 |
|---|---|---|---|
| 330,051,500 | 323,631,170 | 330,051,500 | 323,631,170 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 6,420,330 | 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 |
|---|---|---|---|
| 767,186,290 | 760,765,960 | 767,186,290 | 760,765,960 |
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