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ceiling reduction
2019 ISD Summary Worksheet
170-Montgomery
170-906/Magnolia ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 5,494,788,474 | 0.9790 | 5,612,654,212 | 5,494,788,474 |
| B. MULTIFAMILY RESIDENCES | 224,404,511 | N/A | 224,404,511 | 224,404,511 |
| C1. VACANT LOTS | 282,845,851 | 0.8297 | 340,901,351 | 282,845,851 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 17,062,610 | 1.0104 | 16,887,683 | 17,062,610 |
| D2. REAL PROP:FARM & RANCH | 889,525 | N/A | 889,525 | 889,525 |
| E. REAL PROP NONQUAL ACREAGE | 691,504,907 | 0.9491 | 728,590,145 | 691,504,907 |
| F1. COMMERCIAL REAL | 697,996,908 | 0.9298 | 750,695,750 | 697,996,908 |
| F2. INDUSTRIAL REAL | 31,201,148 | N/A | 31,201,148 | 31,201,148 |
| G. OIL,GAS,MINERALS | 8,861,010 | N/A | 8,861,010 | 8,861,010 |
| J. UTILITIES | 86,938,650 | N/A | 86,938,650 | 86,938,650 |
| L1. COMMERCIAL PERSONAL | 207,729,467 | N/A | 207,729,467 | 207,729,467 |
| L2. INDUSTRIAL PERSONAL | 134,125,293 | N/A | 134,125,293 | 134,125,293 |
| M. MOBILE HOMES | 42,047,997 | N/A | 42,047,997 | 42,047,997 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 61,368,420 | N/A | 61,368,420 | 61,368,420 |
| S. SPECIAL INVENTORY | 465,266 | N/A | 465,266 | 465,266 |
| Subtotal | 7,982,230,037 | 0 | 8,247,760,428 | 7,982,230,037 |
| Less Total Deductions | 1,019,345,400 | 0 | 1,053,845,415 | 1,019,345,400 |
| Total Taxable Value | 6,962,884,637 | 0 | 7,193,915,013 | 6,962,884,637 |
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 |
|---|---|---|---|
| 7,122,143,595 | 6,962,884,637 | 7,122,143,595 | 6,962,884,637 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 159,258,958 | 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 |
|---|---|---|---|
| 7,122,143,595 | 6,962,884,637 | 7,122,143,595 | 6,962,884,637 |
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
170-906-02/Magnolia ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 5,494,788,474 | 0.9790 | 5,612,654,212 | 5,494,788,474 |
| B. MULTIFAMILY RESIDENCES | 224,404,511 | N/A | 224,404,511 | 224,404,511 |
| C1. VACANT LOTS | 282,845,851 | 0.8297 | 340,901,351 | 282,845,851 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 17,062,610 | 1.0104 | 16,887,683 | 17,062,610 |
| D2. REAL PROP:FARM & RANCH | 889,525 | N/A | 889,525 | 889,525 |
| E. REAL PROP NONQUAL ACREAGE | 691,504,907 | 0.9491 | 728,590,145 | 691,504,907 |
| F1. COMMERCIAL REAL | 697,996,908 | 0.9298 | 750,695,750 | 697,996,908 |
| F2. INDUSTRIAL REAL | 31,201,148 | N/A | 31,201,148 | 31,201,148 |
| G. OIL,GAS,MINERALS | 8,861,010 | N/A | 8,861,010 | 8,861,010 |
| J. UTILITIES | 86,938,650 | N/A | 86,938,650 | 86,938,650 |
| L1. COMMERCIAL PERSONAL | 207,729,467 | N/A | 207,729,467 | 207,729,467 |
| L2. INDUSTRIAL PERSONAL | 134,125,293 | N/A | 134,125,293 | 134,125,293 |
| M. MOBILE HOMES | 42,047,997 | N/A | 42,047,997 | 42,047,997 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 61,368,420 | N/A | 61,368,420 | 61,368,420 |
| S. SPECIAL INVENTORY | 465,266 | N/A | 465,266 | 465,266 |
| Subtotal | 7,982,230,037 | 8,247,760,428 | 7,982,230,037 | |
| Less Total Deductions | 1,019,345,400 | 1,053,845,415 | 1,019,345,400 | |
| Total Taxable Value | 6,962,884,637 | 7,193,915,013 | 6,962,884,637 |
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 |
|---|---|---|---|
| 7,122,143,595 | 6,962,884,637 | 7,122,143,595 | 6,962,884,637 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 159,258,958 | 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 |
|---|---|---|---|
| 7,122,143,595 | 6,962,884,637 | 7,122,143,595 | 6,962,884,637 |
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