taxes Property Tax Assistance

2019 ISD Summary Worksheet

221-Taylor

221-905/Trent ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 7,051,143 0.8203 8,595,810 7,051,143
C1. VACANT LOTS 421,774 N/A 421,774 421,774
D1. QUALIFIED AG LAND 2,440,822 1.0784 2,263,453 2,440,822
D2. REAL PROP:FARM & RANCH 124,154 N/A 124,154 124,154
E. REAL PROP NONQUAL ACREAGE 4,932,648 0.9520 5,181,353 4,932,648
F1. COMMERCIAL REAL 948,791 N/A 948,791 948,791
F2. INDUSTRIAL REAL 16,236,020 N/A 16,236,020 16,236,020
G. OIL,GAS,MINERALS 1,730,961 0.9997 1,731,480 1,730,961
J. UTILITIES 25,380,498 0.8990 28,231,922 25,380,498
L1. COMMERCIAL PERSONAL 870,198 N/A 870,198 870,198
L2. INDUSTRIAL PERSONAL 1,369,609 N/A 1,369,609 1,369,609
M. MOBILE HOMES 534,108 N/A 534,108 534,108
Subtotal 62,040,726 0 66,508,672 62,040,726
Less Total Deductions 4,024,149 0 4,729,723 4,024,149
Total Taxable Value 58,016,577 0 61,778,949 58,016,577

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
58,872,372 58,016,577 58,872,372 58,016,577


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
855,795 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
58,872,372 58,016,577 58,872,372 58,016,577

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

221-905-02/Trent ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 7,051,143 0.8203 8,595,810 7,051,143
C1. VACANT LOTS 421,774 N/A 421,774 421,774
D1. QUALIFIED AG LAND 2,440,822 1.0784 2,263,453 2,440,822
D2. REAL PROP:FARM & RANCH 124,154 N/A 124,154 124,154
E. REAL PROP NONQUAL ACREAGE 4,932,648 0.9520 5,181,353 4,932,648
F1. COMMERCIAL REAL 948,791 N/A 948,791 948,791
F2. INDUSTRIAL REAL 16,236,020 N/A 16,236,020 16,236,020
G. OIL,GAS,MINERALS 1,730,961 0.9997 1,731,480 1,730,961
J. UTILITIES 25,380,498 0.8990 28,231,922 25,380,498
L1. COMMERCIAL PERSONAL 870,198 N/A 870,198 870,198
L2. INDUSTRIAL PERSONAL 1,369,609 N/A 1,369,609 1,369,609
M. MOBILE HOMES 534,108 N/A 534,108 534,108
Subtotal 62,040,726 66,508,672 62,040,726
Less Total Deductions 4,024,149 4,729,723 4,024,149
Total Taxable Value 58,016,577 61,778,949 58,016,577

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
58,872,372 58,016,577 58,872,372 58,016,577


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
855,795 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
58,872,372 58,016,577 58,872,372 58,016,577

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