taxes Property Tax Assistance

2019 ISD Summary Worksheet

072-Erath

072-901/Three Way ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 1,644,780 N/A 1,644,780 1,644,780
C1. VACANT LOTS 109,360 N/A 109,360 109,360
D1. QUALIFIED AG LAND 6,211,440 1.4794 4,198,508 6,211,440
D2. REAL PROP:FARM & RANCH 2,231,440 N/A 2,231,440 2,231,440
E. REAL PROP NONQUAL ACREAGE 40,020,140 0.8867 45,133,799 40,020,140
F1. COMMERCIAL REAL 624,260 N/A 624,260 624,260
F2. INDUSTRIAL REAL 4,530 N/A 4,530 4,530
G. OIL,GAS,MINERALS 265,160 N/A 265,160 265,160
J. UTILITIES 3,846,610 N/A 3,846,610 3,846,610
L1. COMMERCIAL PERSONAL 1,507,850 N/A 1,507,850 1,507,850
M. MOBILE HOMES 781,470 N/A 781,470 781,470
Subtotal 57,247,040 0 60,347,767 57,247,040
Less Total Deductions 5,605,574 0 5,605,574 5,605,574
Total Taxable Value 51,641,466 0 54,742,193 51,641,466

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
52,790,036 51,641,466 52,790,036 51,641,466


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,148,570 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
52,790,036 51,641,466 52,790,036 51,641,466

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

072-901-02/Three Way ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 1,644,780 N/A 1,644,780 1,644,780
C1. VACANT LOTS 109,360 N/A 109,360 109,360
D1. QUALIFIED AG LAND 6,211,440 1.4794 4,198,508 6,211,440
D2. REAL PROP:FARM & RANCH 2,231,440 N/A 2,231,440 2,231,440
E. REAL PROP NONQUAL ACREAGE 40,020,140 0.8867 45,133,799 40,020,140
F1. COMMERCIAL REAL 624,260 N/A 624,260 624,260
F2. INDUSTRIAL REAL 4,530 N/A 4,530 4,530
G. OIL,GAS,MINERALS 265,160 N/A 265,160 265,160
J. UTILITIES 3,846,610 N/A 3,846,610 3,846,610
L1. COMMERCIAL PERSONAL 1,507,850 N/A 1,507,850 1,507,850
M. MOBILE HOMES 781,470 N/A 781,470 781,470
Subtotal 57,247,040 60,347,767 57,247,040
Less Total Deductions 5,605,574 5,605,574 5,605,574
Total Taxable Value 51,641,466 54,742,193 51,641,466

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
52,790,036 51,641,466 52,790,036 51,641,466


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,148,570 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
52,790,036 51,641,466 52,790,036 51,641,466

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