taxes Property Tax Assistance

2019 ISD Summary Worksheet

154-Madison

145-906/Normangee ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	2,269,920	N/A	2,269,920	2,269,920
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	253,489	N/A	253,489	253,489
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	2,257,300	N/A	2,257,300	2,257,300
D2. REAL PROP:FARM & RANCH	6,613,450	N/A	6,613,450	6,613,450
E. REAL PROP NONQUAL ACREAGE	38,172,272	N/A	38,172,272	38,172,272
F1. COMMERCIAL REAL	1,854,840	N/A	1,854,840	1,854,840
F2. INDUSTRIAL REAL	0	N/A	0	0
G. OIL,GAS,MINERALS	25,344,580	N/A	25,344,580	25,344,580
J. UTILITIES	23,418,580	N/A	23,418,580	23,418,580
L1. COMMERCIAL PERSONAL	833,570	N/A	833,570	833,570
L2. INDUSTRIAL PERSONAL	1,414,730	N/A	1,414,730	1,414,730
M. MOBILE HOMES	647,390	N/A	647,390	647,390
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	323,810	N/A	323,810	323,810
Subtotal	103,403,931	0	103,403,931	103,403,931
Less Total Deductions	9,038,292	0	9,038,292	9,038,292
Total Taxable Value	94,365,639	0	94,365,639	94,365,639

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
95,736,302	94,365,639	93,448,618	92,077,955

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,370,663	2,287,684

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
95,736,302	94,365,639	93,448,618	92,077,955

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

145-906-02/Normangee ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	2,269,920	N/A	2,269,920	2,269,920
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	253,489	N/A	253,489	253,489
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	2,257,300	N/A	2,257,300	2,257,300
D2. REAL PROP:FARM & RANCH	6,613,450	N/A	6,613,450	6,613,450
E. REAL PROP NONQUAL ACREAGE	38,172,272	N/A	38,172,272	38,172,272
F1. COMMERCIAL REAL	1,854,840	N/A	1,854,840	1,854,840
F2. INDUSTRIAL REAL	0	N/A	0	0
G. OIL,GAS,MINERALS	25,344,580	N/A	25,344,580	25,344,580
J. UTILITIES	23,418,580	N/A	23,418,580	23,418,580
L1. COMMERCIAL PERSONAL	833,570	N/A	833,570	833,570
L2. INDUSTRIAL PERSONAL	1,414,730	N/A	1,414,730	1,414,730
M. MOBILE HOMES	647,390	N/A	647,390	647,390
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	323,810	N/A	323,810	323,810
Subtotal	103,403,931		103,403,931	103,403,931
Less Total Deductions	9,038,292		9,038,292	9,038,292
Total Taxable Value	94,365,639		94,365,639	94,365,639

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
95,736,302	94,365,639	93,448,618	92,077,955

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,370,663	2,287,684

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
95,736,302	94,365,639	93,448,618	92,077,955

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