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ceiling reduction
2019 ISD Summary Worksheet
095-Hale
140-905/Olton ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| D1. QUALIFIED AG LAND | 11,004,613 | 1.8781 | 5,859,420 | 11,004,613 |
| D2. REAL PROP:FARM & RANCH | 479,539 | N/A | 479,539 | 479,539 |
| E. REAL PROP NONQUAL ACREAGE | 5,541,923 | 0.9257 | 5,986,738 | 5,541,923 |
| F1. COMMERCIAL REAL | 61,861 | N/A | 61,861 | 61,861 |
| F2. INDUSTRIAL REAL | 190,408 | N/A | 190,408 | 190,408 |
| J. UTILITIES | 2,871,360 | 0.9707 | 2,958,030 | 2,871,360 |
| L1. COMMERCIAL PERSONAL | 557,196 | N/A | 557,196 | 557,196 |
| L2. INDUSTRIAL PERSONAL | 17,050 | N/A | 17,050 | 17,050 |
| Subtotal | 20,723,950 | 0 | 16,110,242 | 20,723,950 |
| Less Total Deductions | 1,484,586 | 0 | 1,031,453 | 1,484,586 |
| Total Taxable Value | 19,239,364 | 0 | 15,078,789 | 19,239,364 |
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 |
|---|---|---|---|
| 19,569,626 | 19,239,364 | 19,569,626 | 19,239,364 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 330,262 | 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 |
|---|---|---|---|
| 19,569,626 | 19,239,364 | 19,569,626 | 19,239,364 |
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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE LOCAL VALUE IS GREATER THAN PTAD VALUE
140-905-02/Olton ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| D1. QUALIFIED AG LAND | 11,004,613 | 1.8781 | 5,859,420 | 11,004,613 |
| D2. REAL PROP:FARM & RANCH | 479,539 | N/A | 479,539 | 479,539 |
| E. REAL PROP NONQUAL ACREAGE | 5,541,923 | 0.9257 | 5,986,738 | 5,541,923 |
| F1. COMMERCIAL REAL | 61,861 | N/A | 61,861 | 61,861 |
| F2. INDUSTRIAL REAL | 190,408 | N/A | 190,408 | 190,408 |
| J. UTILITIES | 2,871,360 | 0.9707 | 2,958,030 | 2,871,360 |
| L1. COMMERCIAL PERSONAL | 557,196 | N/A | 557,196 | 557,196 |
| L2. INDUSTRIAL PERSONAL | 17,050 | N/A | 17,050 | 17,050 |
| Subtotal | 20,723,950 | 16,110,242 | 20,723,950 | |
| Less Total Deductions | 1,484,586 | 1,031,453 | 1,484,586 | |
| Total Taxable Value | 19,239,364 | 15,078,789 | 19,239,364 |
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 |
|---|---|---|---|
| 19,569,626 | 19,239,364 | 19,569,626 | 19,239,364 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 330,262 | 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 |
|---|---|---|---|
| 19,569,626 | 19,239,364 | 19,569,626 | 19,239,364 |
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