taxes Property Tax Assistance

2019 ISD Summary Worksheet

126-Johnson

126-908/Venus ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 306,421,872 0.9540 321,196,931 306,421,872
B. MULTIFAMILY RESIDENCES 1,051,010 N/A 1,051,010 1,051,010
C1. VACANT LOTS 11,897,158 N/A 11,897,158 11,897,158
D1. QUALIFIED AG LAND 3,097,785 1.1234 2,757,555 3,097,785
D2. REAL PROP:FARM & RANCH 835,847 N/A 835,847 835,847
E. REAL PROP NONQUAL ACREAGE 52,601,390 0.9553 55,062,692 52,601,390
F1. COMMERCIAL REAL 10,386,947 N/A 10,386,947 10,386,947
F2. INDUSTRIAL REAL 1,966,271 N/A 1,966,271 1,966,271
G. OIL,GAS,MINERALS 18,299,331 1.0102 18,114,562 18,299,331
J. UTILITIES 22,651,787 0.8180 27,691,671 22,651,787
L1. COMMERCIAL PERSONAL 8,286,735 N/A 8,286,735 8,286,735
L2. INDUSTRIAL PERSONAL 2,247,906 N/A 2,247,906 2,247,906
M. MOBILE HOMES 4,148,348 N/A 4,148,348 4,148,348
O. RESIDENTIAL INVENTORY 181,552 N/A 181,552 181,552
Subtotal 444,073,939 0 465,825,185 444,073,939
Less Total Deductions 79,065,552 0 82,074,578 79,065,552
Total Taxable Value 365,008,387 0 383,750,607 365,008,387

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
379,999,198 365,008,387 379,999,198 365,008,387


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,990,811 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
379,999,198 365,008,387 379,999,198 365,008,387

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

126-908-02/Venus ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 306,421,872 0.9540 321,196,931 306,421,872
B. MULTIFAMILY RESIDENCES 1,051,010 N/A 1,051,010 1,051,010
C1. VACANT LOTS 11,897,158 N/A 11,897,158 11,897,158
D1. QUALIFIED AG LAND 3,097,785 1.1234 2,757,555 3,097,785
D2. REAL PROP:FARM & RANCH 835,847 N/A 835,847 835,847
E. REAL PROP NONQUAL ACREAGE 52,601,390 0.9553 55,062,692 52,601,390
F1. COMMERCIAL REAL 10,386,947 N/A 10,386,947 10,386,947
F2. INDUSTRIAL REAL 1,966,271 N/A 1,966,271 1,966,271
G. OIL,GAS,MINERALS 18,299,331 1.0102 18,114,562 18,299,331
J. UTILITIES 22,651,787 0.8180 27,691,671 22,651,787
L1. COMMERCIAL PERSONAL 8,286,735 N/A 8,286,735 8,286,735
L2. INDUSTRIAL PERSONAL 2,247,906 N/A 2,247,906 2,247,906
M. MOBILE HOMES 4,148,348 N/A 4,148,348 4,148,348
O. RESIDENTIAL INVENTORY 181,552 N/A 181,552 181,552
Subtotal 444,073,939 465,825,185 444,073,939
Less Total Deductions 79,065,552 82,074,578 79,065,552
Total Taxable Value 365,008,387 383,750,607 365,008,387

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
379,999,198 365,008,387 379,999,198 365,008,387


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
14,990,811 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
379,999,198 365,008,387 379,999,198 365,008,387

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