taxes Property Tax Assistance

2019 ISD Summary Worksheet

246-Williamson

144-902/Lexington ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	251,192	N/A	251,192	251,192
C1. VACANT LOTS	39,899	N/A	39,899	39,899
D1. QUALIFIED AG LAND	108,420	N/A	108,420	108,420
E. REAL PROP NONQUAL ACREAGE	1,903,326	N/A	1,903,326	1,903,326
J. UTILITIES	39,330	N/A	39,330	39,330
M. MOBILE HOMES	3,896	N/A	3,896	3,896
Subtotal	2,346,063	0	2,346,063	2,346,063
Less Total Deductions	337,132	0	337,132	337,132
Total Taxable Value	2,008,931	0	2,008,931	2,008,931

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
2,029,273	2,008,931	2,029,273	2,008,931

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
20,342	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
2,029,273	2,008,931	2,029,273	2,008,931

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

144-902-02/Lexington ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	251,192	N/A	251,192	251,192
C1. VACANT LOTS	39,899	N/A	39,899	39,899
D1. QUALIFIED AG LAND	108,420	N/A	108,420	108,420
E. REAL PROP NONQUAL ACREAGE	1,903,326	N/A	1,903,326	1,903,326
J. UTILITIES	39,330	N/A	39,330	39,330
M. MOBILE HOMES	3,896	N/A	3,896	3,896
Subtotal	2,346,063		2,346,063	2,346,063
Less Total Deductions	337,132		337,132	337,132
Total Taxable Value	2,008,931		2,008,931	2,008,931

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
2,029,273	2,008,931	2,029,273	2,008,931

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
20,342	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
2,029,273	2,008,931	2,029,273	2,008,931

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