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ceiling reduction
2019 ISD Summary Worksheet
193-Real
232-904/Utopia ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 64,984 | N/A | 64,984 | 64,984 |
| D1. QUALIFIED AG LAND | 1,373,987 | N/A | 1,373,987 | 1,373,987 |
| E. REAL PROP NONQUAL ACREAGE | 4,731,195 | N/A | 4,731,195 | 4,731,195 |
| F1. COMMERCIAL REAL | 253,312 | N/A | 253,312 | 253,312 |
| J. UTILITIES | 469,540 | N/A | 469,540 | 469,540 |
| L1. COMMERCIAL PERSONAL | 5,935 | N/A | 5,935 | 5,935 |
| Subtotal | 6,898,953 | 0 | 6,898,953 | 6,898,953 |
| Less Total Deductions | 207,113 | 0 | 207,113 | 207,113 |
| Total Taxable Value | 6,691,840 | 0 | 6,691,840 | 6,691,840 |
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 |
|---|---|---|---|
| 6,731,840 | 6,691,840 | 6,731,840 | 6,691,840 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 40,000 | 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 |
|---|---|---|---|
| 6,731,840 | 6,691,840 | 6,731,840 | 6,691,840 |
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
232-904-02/Utopia ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 64,984 | N/A | 64,984 | 64,984 |
| D1. QUALIFIED AG LAND | 1,373,987 | N/A | 1,373,987 | 1,373,987 |
| E. REAL PROP NONQUAL ACREAGE | 4,731,195 | N/A | 4,731,195 | 4,731,195 |
| F1. COMMERCIAL REAL | 253,312 | N/A | 253,312 | 253,312 |
| J. UTILITIES | 469,540 | N/A | 469,540 | 469,540 |
| L1. COMMERCIAL PERSONAL | 5,935 | N/A | 5,935 | 5,935 |
| Subtotal | 6,898,953 | 6,898,953 | 6,898,953 | |
| Less Total Deductions | 207,113 | 207,113 | 207,113 | |
| Total Taxable Value | 6,691,840 | 6,691,840 | 6,691,840 |
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 |
|---|---|---|---|
| 6,731,840 | 6,691,840 | 6,731,840 | 6,691,840 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 40,000 | 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 |
|---|---|---|---|
| 6,731,840 | 6,691,840 | 6,731,840 | 6,691,840 |
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