taxes Property Tax Assistance

2019 ISD Summary Worksheet

109-Hill

109-907/Itasca ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	66,051,640	N/A	66,051,640	66,051,640
B. MULTIFAMILY RESIDENCES	457,080	N/A	457,080	457,080
C1. VACANT LOTS	1,513,712	N/A	1,513,712	1,513,712
D1. QUALIFIED AG LAND	12,363,904	N/A	12,363,904	12,363,904
D2. REAL PROP:FARM & RANCH	7,959,380	N/A	7,959,380	7,959,380
E. REAL PROP NONQUAL ACREAGE	83,023,593	N/A	83,023,593	83,023,593
F1. COMMERCIAL REAL	14,994,800	N/A	14,994,800	14,994,800
F2. INDUSTRIAL REAL	3,907,400	N/A	3,907,400	3,907,400
G. OIL,GAS,MINERALS	4,975,230	N/A	4,975,230	4,975,230
J. UTILITIES	39,792,820	N/A	39,792,820	39,792,820
L1. COMMERCIAL PERSONAL	16,969,950	N/A	16,969,950	16,969,950
L2. INDUSTRIAL PERSONAL	3,931,880	N/A	3,931,880	3,931,880
M. MOBILE HOMES	1,560,980	N/A	1,560,980	1,560,980
S. SPECIAL INVENTORY	267,120	N/A	267,120	267,120
Subtotal	257,769,489	0	257,769,489	257,769,489
Less Total Deductions	37,421,967	0	37,421,967	37,421,967
Total Taxable Value	220,347,522	0	220,347,522	220,347,522

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
227,470,783	220,347,522	227,470,783	220,347,522

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
7,123,261	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
227,470,783	220,347,522	227,470,783	220,347,522

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

109-907-02/Itasca ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	66,051,640	N/A	66,051,640	66,051,640
B. MULTIFAMILY RESIDENCES	457,080	N/A	457,080	457,080
C1. VACANT LOTS	1,513,712	N/A	1,513,712	1,513,712
D1. QUALIFIED AG LAND	12,363,904	N/A	12,363,904	12,363,904
D2. REAL PROP:FARM & RANCH	7,959,380	N/A	7,959,380	7,959,380
E. REAL PROP NONQUAL ACREAGE	83,023,593	N/A	83,023,593	83,023,593
F1. COMMERCIAL REAL	14,994,800	N/A	14,994,800	14,994,800
F2. INDUSTRIAL REAL	3,907,400	N/A	3,907,400	3,907,400
G. OIL,GAS,MINERALS	4,975,230	N/A	4,975,230	4,975,230
J. UTILITIES	39,792,820	N/A	39,792,820	39,792,820
L1. COMMERCIAL PERSONAL	16,969,950	N/A	16,969,950	16,969,950
L2. INDUSTRIAL PERSONAL	3,931,880	N/A	3,931,880	3,931,880
M. MOBILE HOMES	1,560,980	N/A	1,560,980	1,560,980
S. SPECIAL INVENTORY	267,120	N/A	267,120	267,120
Subtotal	257,769,489		257,769,489	257,769,489
Less Total Deductions	37,421,967		37,421,967	37,421,967
Total Taxable Value	220,347,522		220,347,522	220,347,522

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
227,470,783	220,347,522	227,470,783	220,347,522

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
7,123,261	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
227,470,783	220,347,522	227,470,783	220,347,522

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