Top navigation skipped
ceiling reduction
2019 ISD Summary Worksheet
009-Bailey
185-902/Farwell ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 6,962 | N/A | 6,962 | 6,962 |
| D1. QUALIFIED AG LAND | 2,428,499 | N/A | 2,428,499 | 2,428,499 |
| D2. REAL PROP:FARM & RANCH | 900,822 | N/A | 900,822 | 900,822 |
| E. REAL PROP NONQUAL ACREAGE | 4,127,150 | N/A | 4,127,150 | 4,127,150 |
| F2. INDUSTRIAL REAL | 118,145 | N/A | 118,145 | 118,145 |
| J. UTILITIES | 438,160 | N/A | 438,160 | 438,160 |
| L1. COMMERCIAL PERSONAL | 774,215 | N/A | 774,215 | 774,215 |
| M. MOBILE HOMES | 106,432 | N/A | 106,432 | 106,432 |
| Subtotal | 8,900,385 | 0 | 8,900,385 | 8,900,385 |
| Less Total Deductions | 814,904 | 0 | 814,904 | 814,904 |
| Total Taxable Value | 8,085,481 | 0 | 8,085,481 | 8,085,481 |
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 |
|---|---|---|---|
| 8,295,481 | 8,085,481 | 8,295,481 | 8,085,481 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 210,000 | 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 |
|---|---|---|---|
| 8,295,481 | 8,085,481 | 8,295,481 | 8,085,481 |
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
185-902-02/Farwell ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 6,962 | N/A | 6,962 | 6,962 |
| D1. QUALIFIED AG LAND | 2,428,499 | N/A | 2,428,499 | 2,428,499 |
| D2. REAL PROP:FARM & RANCH | 900,822 | N/A | 900,822 | 900,822 |
| E. REAL PROP NONQUAL ACREAGE | 4,127,150 | N/A | 4,127,150 | 4,127,150 |
| F2. INDUSTRIAL REAL | 118,145 | N/A | 118,145 | 118,145 |
| J. UTILITIES | 438,160 | N/A | 438,160 | 438,160 |
| L1. COMMERCIAL PERSONAL | 774,215 | N/A | 774,215 | 774,215 |
| M. MOBILE HOMES | 106,432 | N/A | 106,432 | 106,432 |
| Subtotal | 8,900,385 | 8,900,385 | 8,900,385 | |
| Less Total Deductions | 814,904 | 814,904 | 814,904 | |
| Total Taxable Value | 8,085,481 | 8,085,481 | 8,085,481 |
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 |
|---|---|---|---|
| 8,295,481 | 8,085,481 | 8,295,481 | 8,085,481 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 210,000 | 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 |
|---|---|---|---|
| 8,295,481 | 8,085,481 | 8,295,481 | 8,085,481 |
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