taxes Property Tax Assistance

2019 ISD Summary Worksheet

147-Limestone

109-910/Mount Calm ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 503,830 0.9195 547,939 503,830
C1. VACANT LOTS 3,240 N/A 3,240 3,240
D1. QUALIFIED AG LAND 357,309 1.1814 302,447 357,309
D2. REAL PROP:FARM & RANCH 428,680 0.9945 431,051 428,680
E. REAL PROP NONQUAL ACREAGE 4,117,190 0.9406 4,377,195 4,117,190
J. UTILITIES 399,170 0.9187 434,494 399,170
L1. COMMERCIAL PERSONAL 52,995 N/A 52,995 52,995
L2. INDUSTRIAL PERSONAL 25,190 N/A 25,190 25,190
M. MOBILE HOMES 211,670 N/A 211,670 211,670
Subtotal 6,099,274 0 6,386,221 6,099,274
Less Total Deductions 1,568,374 0 1,708,888 1,568,374
Total Taxable Value 4,530,900 0 4,677,333 4,530,900

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
4,881,828 4,530,900 4,881,828 4,530,900


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
350,928 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
4,881,828 4,530,900 4,881,828 4,530,900

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

109-910-02/Mount Calm ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 503,830 0.9195 547,939 503,830
C1. VACANT LOTS 3,240 N/A 3,240 3,240
D1. QUALIFIED AG LAND 357,309 1.1814 302,447 357,309
D2. REAL PROP:FARM & RANCH 428,680 0.9945 431,051 428,680
E. REAL PROP NONQUAL ACREAGE 4,117,190 0.9406 4,377,195 4,117,190
J. UTILITIES 399,170 0.9187 434,494 399,170
L1. COMMERCIAL PERSONAL 52,995 N/A 52,995 52,995
L2. INDUSTRIAL PERSONAL 25,190 N/A 25,190 25,190
M. MOBILE HOMES 211,670 N/A 211,670 211,670
Subtotal 6,099,274 6,386,221 6,099,274
Less Total Deductions 1,568,374 1,708,888 1,568,374
Total Taxable Value 4,530,900 4,677,333 4,530,900

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
4,881,828 4,530,900 4,881,828 4,530,900


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
350,928 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
4,881,828 4,530,900 4,881,828 4,530,900

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