taxes Property Tax Assistance

2020 ISD Summary Worksheet

009-Bailey /Bailey County

185-902/Farwell ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	6,962	N/A	6,962	6,962
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	0	N/A	0	0
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,316,095	N/A	2,316,095	2,316,095
D2 - FARM & RANCH IMP	900,822	N/A	900,822	900,822
E - NON-AG LAND AND IMPROVEMENTS	4,191,400	N/A	4,191,400	4,191,400
F1 - COMMERCIAL REAL	0	N/A	0	0
F2 - INDUSTRIAL REAL	118,145	N/A	118,145	118,145
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	489,500	N/A	489,500	489,500
L1 - COMMERCIAL PERSONAL	1,013,652	N/A	1,013,652	1,013,652
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	106,432	N/A	106,432	106,432
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	9,143,008	0	9,143,008	9,143,008
Less Total Deductions	843,501	0	843,501	843,501
Total Taxable Value	8,299,507	0	8,299,507	8,299,507

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
8,485,164	8,299,507	8,485,164	8,299,507

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
185,657	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
8,485,164	8,299,507	8,485,164	8,299,507

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

185-Parmer /Parmer County

185-902/Farwell ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	41,464,929	1.0528	39,385,381	41,464,929
B - MULTIFAMILY	1,606,795	N/A	1,606,795	1,606,795
C1 - VACANT LOTS	975,164	N/A	975,164	975,164
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	14,595,686	1.2917	11,299,590	14,595,686
D2 - FARM & RANCH IMP	3,722,549	N/A	3,722,549	3,722,549
E - NON-AG LAND AND IMPROVEMENTS	35,968,319	1.0663	33,731,894	35,968,319
F1 - COMMERCIAL REAL	6,796,836	N/A	6,796,836	6,796,836
F2 - INDUSTRIAL REAL	26,990,666	N/A	26,990,666	26,990,666
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	31,888,827	0.9489	33,606,099	31,888,827
L1 - COMMERCIAL PERSONAL	4,899,949	0.9728	5,036,954	4,899,949
L2 - INDUSTRIAL PERSONAL	8,842,610	N/A	8,842,610	8,842,610
M1 - MOBILE HOMES	166,445	N/A	166,445	166,445
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	138,061	N/A	138,061	138,061
Subtotal	178,056,836	0	172,299,044	178,056,836
Less Total Deductions	21,074,401	0	20,050,846	21,074,401
Total Taxable Value	156,982,435	0	152,248,198	156,982,435

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
160,888,747	156,982,435	160,888,747	156,982,435

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
3,906,312	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
160,888,747	156,982,435	160,888,747	156,982,435

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 LOCAL VALUE IS GREATER THAN PTAD VALUE

185-902-02/Farwell ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	41,471,891	1.0528	39,392,343	41,471,891
B - MULTIFAMILY	1,606,795	N/A	1,606,795	1,606,795
C1 - VACANT LOTS	975,164	N/A	975,164	975,164
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	16,911,781	1.2421	13,615,685	16,911,781
D2 - FARM & RANCH IMP	4,623,371	N/A	4,623,371	4,623,371
E - NON-AG LAND AND IMPROVEMENTS	40,159,719	1.0590	37,923,294	40,159,719
F1 - COMMERCIAL REAL	6,796,836	N/A	6,796,836	6,796,836
F2 - INDUSTRIAL REAL	27,108,811	N/A	27,108,811	27,108,811
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	32,378,327	0.9496	34,095,599	32,378,327
L1 - COMMERCIAL PERSONAL	5,913,601	0.9774	6,050,606	5,913,601
L2 - INDUSTRIAL PERSONAL	8,842,610	N/A	8,842,610	8,842,610
M1 - MOBILE HOMES	272,877	N/A	272,877	272,877
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	138,061	N/A	138,061	138,061
Subtotal	187,199,844		181,442,052	187,199,844
Less Total Deductions	21,917,902		20,894,347	21,917,902
Total Taxable Value	165,281,942		160,547,705	165,281,942

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
169,373,911	165,281,942	169,373,911	165,281,942

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
4,091,969	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
169,373,911	165,281,942	169,373,911	165,281,942

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