taxes Property Tax Assistance

2019 ISD Summary Worksheet

096-Hall

096-904/Memphis ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 36,556,970 0.9337 39,152,801 39,152,801
B. MULTIFAMILY RESIDENCES 108,810 N/A 108,810 108,810
C1. VACANT LOTS 1,498,260 N/A 1,498,260 1,498,260
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 43,887,242 0.8692 50,492,147 50,492,147
D2. REAL PROP:FARM & RANCH 2,989,390 N/A 2,989,390 2,989,390
E. REAL PROP NONQUAL ACREAGE 7,343,100 N/A 7,343,100 7,343,100
F1. COMMERCIAL REAL 16,763,000 0.9618 17,428,779 17,428,779
F2. INDUSTRIAL REAL 3,679,180 N/A 3,679,180 3,679,180
G. OIL,GAS,MINERALS 0 N/A 0 0
J. UTILITIES 54,372,110 0.9899 54,926,871 54,926,871
L1. COMMERCIAL PERSONAL 5,245,380 N/A 5,245,380 5,245,380
L2. INDUSTRIAL PERSONAL 7,014,100 N/A 7,014,100 7,014,100
M. MOBILE HOMES 405,690 N/A 405,690 405,690
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 0 N/A 0 0
S. SPECIAL INVENTORY 0 N/A 0 0
Subtotal 179,863,232 0 190,284,508 190,284,508
Less Total Deductions 18,543,207 0 19,243,684 19,243,684
Total Taxable Value 161,320,025 0 171,040,824 171,040,824

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
175,215,644 171,040,824 175,215,644 171,040,824


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,174,820 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
175,215,644 171,040,824 175,215,644 171,040,824

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

096-904-02/Memphis ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 36,556,970 0.9337 39,152,801 39,152,801
B. MULTIFAMILY RESIDENCES 108,810 N/A 108,810 108,810
C1. VACANT LOTS 1,498,260 N/A 1,498,260 1,498,260
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 43,887,242 0.8692 50,492,147 50,492,147
D2. REAL PROP:FARM & RANCH 2,989,390 N/A 2,989,390 2,989,390
E. REAL PROP NONQUAL ACREAGE 7,343,100 N/A 7,343,100 7,343,100
F1. COMMERCIAL REAL 16,763,000 0.9618 17,428,779 17,428,779
F2. INDUSTRIAL REAL 3,679,180 N/A 3,679,180 3,679,180
G. OIL,GAS,MINERALS 0 N/A 0 0
J. UTILITIES 54,372,110 0.9899 54,926,871 54,926,871
L1. COMMERCIAL PERSONAL 5,245,380 N/A 5,245,380 5,245,380
L2. INDUSTRIAL PERSONAL 7,014,100 N/A 7,014,100 7,014,100
M. MOBILE HOMES 405,690 N/A 405,690 405,690
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 0 N/A 0 0
S. SPECIAL INVENTORY 0 N/A 0 0
Subtotal 179,863,232 190,284,508 190,284,508
Less Total Deductions 18,543,207 19,243,684 19,243,684
Total Taxable Value 161,320,025 171,040,824 171,040,824

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
175,215,644 171,040,824 175,215,644 171,040,824


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
4,174,820 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
175,215,644 171,040,824 175,215,644 171,040,824

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