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ceiling reduction
2019 ISD Summary Worksheet
041-Coke
226-905/Water Valley ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 114,100 | N/A | 114,100 | 114,100 |
| D1. QUALIFIED AG LAND | 5,401,658 | N/A | 5,401,658 | 5,401,658 |
| D2. REAL PROP:FARM & RANCH | 305,190 | N/A | 305,190 | 305,190 |
| E. REAL PROP NONQUAL ACREAGE | 4,314,210 | N/A | 4,314,210 | 4,314,210 |
| G. OIL,GAS,MINERALS | 263,070 | N/A | 263,070 | 263,070 |
| J. UTILITIES | 7,573,670 | N/A | 7,573,670 | 7,573,670 |
| M. MOBILE HOMES | 211,290 | N/A | 211,290 | 211,290 |
| Subtotal | 18,183,188 | 0 | 18,183,188 | 18,183,188 |
| Less Total Deductions | 736,254 | 0 | 736,254 | 736,254 |
| Total Taxable Value | 17,446,934 | 0 | 17,446,934 | 17,446,934 |
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 |
|---|---|---|---|
| 17,574,074 | 17,446,934 | 17,574,074 | 17,446,934 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 127,140 | 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 |
|---|---|---|---|
| 17,574,074 | 17,446,934 | 17,574,074 | 17,446,934 |
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
226-905-02/Water Valley ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 114,100 | N/A | 114,100 | 114,100 |
| D1. QUALIFIED AG LAND | 5,401,658 | N/A | 5,401,658 | 5,401,658 |
| D2. REAL PROP:FARM & RANCH | 305,190 | N/A | 305,190 | 305,190 |
| E. REAL PROP NONQUAL ACREAGE | 4,314,210 | N/A | 4,314,210 | 4,314,210 |
| G. OIL,GAS,MINERALS | 263,070 | N/A | 263,070 | 263,070 |
| J. UTILITIES | 7,573,670 | N/A | 7,573,670 | 7,573,670 |
| M. MOBILE HOMES | 211,290 | N/A | 211,290 | 211,290 |
| Subtotal | 18,183,188 | 18,183,188 | 18,183,188 | |
| Less Total Deductions | 736,254 | 736,254 | 736,254 | |
| Total Taxable Value | 17,446,934 | 17,446,934 | 17,446,934 |
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 |
|---|---|---|---|
| 17,574,074 | 17,446,934 | 17,574,074 | 17,446,934 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 127,140 | 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 |
|---|---|---|---|
| 17,574,074 | 17,446,934 | 17,574,074 | 17,446,934 |
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