taxes Property Tax Assistance

2019 ISD Summary Worksheet

245-Willacy

245-901/Lasara ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 15,604,228 0.7896 19,762,194 19,762,194
C1. VACANT LOTS 1,156,234 N/A 1,156,234 1,156,234
D1. QUALIFIED AG LAND 8,066,688 0.8255 9,771,766 9,771,766
D2. REAL PROP:FARM & RANCH 757,994 N/A 757,994 757,994
E. REAL PROP NONQUAL ACREAGE 11,179,103 0.8647 12,928,302 12,928,302
F1. COMMERCIAL REAL 1,346,215 N/A 1,346,215 1,346,215
F2. INDUSTRIAL REAL 7,000 N/A 7,000 7,000
G. OIL,GAS,MINERALS 2,027,240 1.0042 2,018,761 2,018,761
J. UTILITIES 4,472,380 1.0413 4,294,997 4,294,997
L1. COMMERCIAL PERSONAL 126,379 N/A 126,379 126,379
L2. INDUSTRIAL PERSONAL 997,760 N/A 997,760 997,760
M. MOBILE HOMES 159,202 N/A 159,202 159,202
Subtotal 45,900,423 0 53,326,804 53,326,804
Less Total Deductions 8,490,611 0 9,953,135 9,953,135
Total Taxable Value 37,409,812 0 43,373,669 43,373,669

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
45,642,238 43,373,669 45,642,238 43,373,669


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,268,569 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
45,642,238 43,373,669 45,642,238 43,373,669

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

245-901-02/Lasara ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 15,604,228 0.7896 19,762,194 19,762,194
C1. VACANT LOTS 1,156,234 N/A 1,156,234 1,156,234
D1. QUALIFIED AG LAND 8,066,688 0.8255 9,771,766 9,771,766
D2. REAL PROP:FARM & RANCH 757,994 N/A 757,994 757,994
E. REAL PROP NONQUAL ACREAGE 11,179,103 0.8647 12,928,302 12,928,302
F1. COMMERCIAL REAL 1,346,215 N/A 1,346,215 1,346,215
F2. INDUSTRIAL REAL 7,000 N/A 7,000 7,000
G. OIL,GAS,MINERALS 2,027,240 1.0042 2,018,761 2,018,761
J. UTILITIES 4,472,380 1.0413 4,294,997 4,294,997
L1. COMMERCIAL PERSONAL 126,379 N/A 126,379 126,379
L2. INDUSTRIAL PERSONAL 997,760 N/A 997,760 997,760
M. MOBILE HOMES 159,202 N/A 159,202 159,202
Subtotal 45,900,423 53,326,804 53,326,804
Less Total Deductions 8,490,611 9,953,135 9,953,135
Total Taxable Value 37,409,812 43,373,669 43,373,669

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
45,642,238 43,373,669 45,642,238 43,373,669


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
2,268,569 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
45,642,238 43,373,669 45,642,238 43,373,669

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