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ceiling reduction
2019 ISD Summary Worksheet
234-Van Zandt
234-905/Martins Mill ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 32,991,160 | 1.0182 | 32,401,454 | 32,991,160 |
| C1. VACANT LOTS | 1,194,260 | N/A | 1,194,260 | 1,194,260 |
| D1. QUALIFIED AG LAND | 5,065,848 | 1.0008 | 5,061,650 | 5,065,848 |
| D2. REAL PROP:FARM & RANCH | 2,241,600 | N/A | 2,241,600 | 2,241,600 |
| E. REAL PROP NONQUAL ACREAGE | 96,086,140 | 1.0570 | 90,904,579 | 96,086,140 |
| F1. COMMERCIAL REAL | 3,303,110 | N/A | 3,303,110 | 3,303,110 |
| G. OIL,GAS,MINERALS | 404,753 | N/A | 404,753 | 404,753 |
| J. UTILITIES | 5,991,004 | N/A | 5,991,004 | 5,991,004 |
| L1. COMMERCIAL PERSONAL | 1,072,320 | N/A | 1,072,320 | 1,072,320 |
| L2. INDUSTRIAL PERSONAL | 432,414 | N/A | 432,414 | 432,414 |
| M. MOBILE HOMES | 2,008,090 | N/A | 2,008,090 | 2,008,090 |
| Subtotal | 150,790,699 | 0 | 145,015,234 | 150,790,699 |
| Less Total Deductions | 27,336,296 | 0 | 26,673,430 | 27,336,296 |
| Total Taxable Value | 123,454,403 | 0 | 118,341,804 | 123,454,403 |
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 |
|---|---|---|---|
| 128,037,589 | 123,454,403 | 128,037,589 | 123,454,403 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,583,186 | 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 |
|---|---|---|---|
| 128,037,589 | 123,454,403 | 128,037,589 | 123,454,403 |
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
234-905-02/Martins Mill ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 32,991,160 | 1.0182 | 32,401,454 | 32,991,160 |
| C1. VACANT LOTS | 1,194,260 | N/A | 1,194,260 | 1,194,260 |
| D1. QUALIFIED AG LAND | 5,065,848 | 1.0008 | 5,061,650 | 5,065,848 |
| D2. REAL PROP:FARM & RANCH | 2,241,600 | N/A | 2,241,600 | 2,241,600 |
| E. REAL PROP NONQUAL ACREAGE | 96,086,140 | 1.0570 | 90,904,579 | 96,086,140 |
| F1. COMMERCIAL REAL | 3,303,110 | N/A | 3,303,110 | 3,303,110 |
| G. OIL,GAS,MINERALS | 404,753 | N/A | 404,753 | 404,753 |
| J. UTILITIES | 5,991,004 | N/A | 5,991,004 | 5,991,004 |
| L1. COMMERCIAL PERSONAL | 1,072,320 | N/A | 1,072,320 | 1,072,320 |
| L2. INDUSTRIAL PERSONAL | 432,414 | N/A | 432,414 | 432,414 |
| M. MOBILE HOMES | 2,008,090 | N/A | 2,008,090 | 2,008,090 |
| Subtotal | 150,790,699 | 145,015,234 | 150,790,699 | |
| Less Total Deductions | 27,336,296 | 26,673,430 | 27,336,296 | |
| Total Taxable Value | 123,454,403 | 118,341,804 | 123,454,403 |
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 |
|---|---|---|---|
| 128,037,589 | 123,454,403 | 128,037,589 | 123,454,403 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,583,186 | 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 |
|---|---|---|---|
| 128,037,589 | 123,454,403 | 128,037,589 | 123,454,403 |
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