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ceiling reduction
2019 ISD Summary Worksheet
144-Lee
144-902/Lexington ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 116,499,984 | 1.0183 | 114,406,348 | 116,499,984 |
| B. MULTIFAMILY RESIDENCES | 1,961,730 | N/A | 1,961,730 | 1,961,730 |
| C1. VACANT LOTS | 5,124,040 | N/A | 5,124,040 | 5,124,040 |
| D1. QUALIFIED AG LAND | 11,130,179 | 1.0776 | 10,328,688 | 11,130,179 |
| D2. REAL PROP:FARM & RANCH | 11,482,825 | N/A | 11,482,825 | 11,482,825 |
| E. REAL PROP NONQUAL ACREAGE | 268,123,091 | 0.9223 | 290,711,364 | 268,123,091 |
| F1. COMMERCIAL REAL | 19,040,579 | N/A | 19,040,579 | 19,040,579 |
| F2. INDUSTRIAL REAL | 9,217,790 | N/A | 9,217,790 | 9,217,790 |
| G. OIL,GAS,MINERALS | 8,781,690 | N/A | 8,781,690 | 8,781,690 |
| J. UTILITIES | 37,307,210 | 0.9559 | 39,028,361 | 37,307,210 |
| L1. COMMERCIAL PERSONAL | 6,196,265 | N/A | 6,196,265 | 6,196,265 |
| L2. INDUSTRIAL PERSONAL | 17,741,860 | N/A | 17,741,860 | 17,741,860 |
| M. MOBILE HOMES | 8,713,230 | N/A | 8,713,230 | 8,713,230 |
| Subtotal | 521,320,473 | 0 | 542,734,770 | 521,320,473 |
| Less Total Deductions | 101,641,110 | 0 | 99,532,338 | 101,641,110 |
| Total Taxable Value | 419,679,363 | 0 | 443,202,432 | 419,679,363 |
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 |
|---|---|---|---|
| 433,700,282 | 419,679,363 | 433,700,282 | 419,679,363 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 14,020,919 | 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 |
|---|---|---|---|
| 433,700,282 | 419,679,363 | 433,700,282 | 419,679,363 |
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
144-902-02/Lexington ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 116,499,984 | 1.0183 | 114,406,348 | 116,499,984 |
| B. MULTIFAMILY RESIDENCES | 1,961,730 | N/A | 1,961,730 | 1,961,730 |
| C1. VACANT LOTS | 5,124,040 | N/A | 5,124,040 | 5,124,040 |
| D1. QUALIFIED AG LAND | 11,130,179 | 1.0776 | 10,328,688 | 11,130,179 |
| D2. REAL PROP:FARM & RANCH | 11,482,825 | N/A | 11,482,825 | 11,482,825 |
| E. REAL PROP NONQUAL ACREAGE | 268,123,091 | 0.9223 | 290,711,364 | 268,123,091 |
| F1. COMMERCIAL REAL | 19,040,579 | N/A | 19,040,579 | 19,040,579 |
| F2. INDUSTRIAL REAL | 9,217,790 | N/A | 9,217,790 | 9,217,790 |
| G. OIL,GAS,MINERALS | 8,781,690 | N/A | 8,781,690 | 8,781,690 |
| J. UTILITIES | 37,307,210 | 0.9559 | 39,028,361 | 37,307,210 |
| L1. COMMERCIAL PERSONAL | 6,196,265 | N/A | 6,196,265 | 6,196,265 |
| L2. INDUSTRIAL PERSONAL | 17,741,860 | N/A | 17,741,860 | 17,741,860 |
| M. MOBILE HOMES | 8,713,230 | N/A | 8,713,230 | 8,713,230 |
| Subtotal | 521,320,473 | 542,734,770 | 521,320,473 | |
| Less Total Deductions | 101,641,110 | 99,532,338 | 101,641,110 | |
| Total Taxable Value | 419,679,363 | 443,202,432 | 419,679,363 |
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 |
|---|---|---|---|
| 433,700,282 | 419,679,363 | 433,700,282 | 419,679,363 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 14,020,919 | 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 |
|---|---|---|---|
| 433,700,282 | 419,679,363 | 433,700,282 | 419,679,363 |
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