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ceiling reduction
2019 ISD Summary Worksheet
110-Hockley
040-902/Whiteface CISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 2,530,514 | N/A | 2,530,514 | 2,530,514 |
| C1. VACANT LOTS | 40,240 | N/A | 40,240 | 40,240 |
| D1. QUALIFIED AG LAND | 7,908,053 | 1.6213 | 4,877,460 | 7,908,053 |
| D2. REAL PROP:FARM & RANCH | 74,850 | N/A | 74,850 | 74,850 |
| E. REAL PROP NONQUAL ACREAGE | 2,159,127 | N/A | 2,159,127 | 2,159,127 |
| F1. COMMERCIAL REAL | 113,400 | N/A | 113,400 | 113,400 |
| F2. INDUSTRIAL REAL | 317,950 | N/A | 317,950 | 317,950 |
| G. OIL,GAS,MINERALS | 87,418,890 | 1.0207 | 85,646,017 | 87,418,890 |
| J. UTILITIES | 6,712,980 | 0.9665 | 6,945,660 | 6,712,980 |
| L2. INDUSTRIAL PERSONAL | 1,034,070 | N/A | 1,034,070 | 1,034,070 |
| Subtotal | 108,310,074 | 0 | 103,739,288 | 108,310,074 |
| Less Total Deductions | 685,249 | 0 | 685,249 | 685,249 |
| Total Taxable Value | 107,624,825 | 0 | 103,054,039 | 107,624,825 |
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 |
|---|---|---|---|
| 107,809,825 | 107,624,825 | 107,809,825 | 107,624,825 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 185,000 | 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 |
|---|---|---|---|
| 107,809,825 | 107,624,825 | 107,809,825 | 107,624,825 |
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
040-902-02/Whiteface CISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 2,530,514 | N/A | 2,530,514 | 2,530,514 |
| C1. VACANT LOTS | 40,240 | N/A | 40,240 | 40,240 |
| D1. QUALIFIED AG LAND | 7,908,053 | 1.6213 | 4,877,460 | 7,908,053 |
| D2. REAL PROP:FARM & RANCH | 74,850 | N/A | 74,850 | 74,850 |
| E. REAL PROP NONQUAL ACREAGE | 2,159,127 | N/A | 2,159,127 | 2,159,127 |
| F1. COMMERCIAL REAL | 113,400 | N/A | 113,400 | 113,400 |
| F2. INDUSTRIAL REAL | 317,950 | N/A | 317,950 | 317,950 |
| G. OIL,GAS,MINERALS | 87,418,890 | 1.0207 | 85,646,017 | 87,418,890 |
| J. UTILITIES | 6,712,980 | 0.9665 | 6,945,660 | 6,712,980 |
| L2. INDUSTRIAL PERSONAL | 1,034,070 | N/A | 1,034,070 | 1,034,070 |
| Subtotal | 108,310,074 | 103,739,288 | 108,310,074 | |
| Less Total Deductions | 685,249 | 685,249 | 685,249 | |
| Total Taxable Value | 107,624,825 | 103,054,039 | 107,624,825 |
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 |
|---|---|---|---|
| 107,809,825 | 107,624,825 | 107,809,825 | 107,624,825 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 185,000 | 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 |
|---|---|---|---|
| 107,809,825 | 107,624,825 | 107,809,825 | 107,624,825 |
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