taxes Property Tax Assistance

2020 ISD Summary Worksheet

138-Knox /Knox County

138-904/Benjamin ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 3,138,950 0.9178 3,420,081 3,138,950
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 355,790 N/A 355,790 355,790
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 16,022,760 1.1927 13,433,821 16,022,760
D2 - FARM & RANCH IMP 859,890 N/A 859,890 859,890
E - NON-AG LAND AND IMPROVEMENTS 4,208,990 0.9961 4,225,469 4,208,990
F1 - COMMERCIAL REAL 685,460 N/A 685,460 685,460
F2 - INDUSTRIAL REAL 20,201,110 N/A 20,201,110 20,201,110
G - ALL MINERALS 1,977,370 0.9992 1,978,953 1,977,370
J - ALL UTILITIES 45,105,570 0.9957 45,300,362 45,105,570
L1 - COMMERCIAL PERSONAL 203,990 N/A 203,990 203,990
L2 - INDUSTRIAL PERSONAL 74,650 N/A 74,650 74,650
M1 - MOBILE HOMES 0 N/A 0 0
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 92,834,530 0 90,739,576 92,834,530
Less Total Deductions 2,315,083 0 2,460,872 2,315,083
Total Taxable Value 90,519,447 0 88,278,704 90,519,447

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
91,137,757 90,519,447 91,137,757 90,519,447


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
618,310 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
91,137,757 90,519,447 91,137,757 90,519,447

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

138-904-02/Benjamin ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 3,138,950 0.9178 3,420,081 3,138,950
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 355,790 N/A 355,790 355,790
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 16,022,760 1.1927 13,433,821 16,022,760
D2 - FARM & RANCH IMP 859,890 N/A 859,890 859,890
E - NON-AG LAND AND IMPROVEMENTS 4,208,990 0.9961 4,225,469 4,208,990
F1 - COMMERCIAL REAL 685,460 N/A 685,460 685,460
F2 - INDUSTRIAL REAL 20,201,110 N/A 20,201,110 20,201,110
G - ALL MINERALS 1,977,370 0.9992 1,978,953 1,977,370
J - ALL UTILITIES 45,105,570 0.9957 45,300,362 45,105,570
L1 - COMMERCIAL PERSONAL 203,990 N/A 203,990 203,990
L2 - INDUSTRIAL PERSONAL 74,650 N/A 74,650 74,650
M1 - MOBILE HOMES 0 N/A 0 0
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 92,834,530 90,739,576 92,834,530
Less Total Deductions 2,315,083 2,460,872 2,315,083
Total Taxable Value 90,519,447 88,278,704 90,519,447

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
91,137,757 90,519,447 91,137,757 90,519,447


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
618,310 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
91,137,757 90,519,447 91,137,757 90,519,447

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