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ceiling reduction
2020 ISD Summary Worksheet
165-Midland /Midland County
165-901/Midland ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 11,652,024,564 | 0.9684 | 12,032,243,457 | 11,652,024,564 |
| B - MULTIFAMILY | 1,517,858,886 | 0.8496 | 1,786,557,069 | 1,517,858,886 |
| C1 - VACANT LOTS | 291,218,873 | 0.7831 | 371,879,547 | 291,218,873 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 9,640,020 | 0.7039 | 13,694,868 | 9,640,020 |
| D2 - FARM & RANCH IMP | 0 | N/A | 0 | 0 |
| E - NON-AG LAND AND IMPROVEMENTS | 378,058,433 | 0.8546 | 442,380,568 | 378,058,433 |
| F1 - COMMERCIAL REAL | 3,396,778,616 | 0.9567 | 3,550,515,957 | 3,396,778,616 |
| F2 - INDUSTRIAL REAL | 536,473,915 | N/A | 536,473,915 | 536,473,915 |
| G - ALL MINERALS | 12,416,780,426 | 1.0049 | 12,356,234,875 | 12,416,780,426 |
| J - ALL UTILITIES | 1,416,179,137 | 0.9334 | 1,517,226,416 | 1,416,179,137 |
| L1 - COMMERCIAL PERSONAL | 1,934,683,665 | 0.9970 | 1,940,505,181 | 1,934,683,665 |
| L2 - INDUSTRIAL PERSONAL | 4,498,361,130 | N/A | 4,498,361,130 | 4,498,361,130 |
| M1 - MOBILE HOMES | 138,491,860 | N/A | 138,491,860 | 138,491,860 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 45,910 | N/A | 45,910 | 45,910 |
| S - SPECIAL INVENTORY | 84,090,830 | N/A | 84,090,830 | 84,090,830 |
| Subtotal | 38,270,686,265 | 0 | 39,268,701,583 | 38,270,686,265 |
| Less Total Deductions | 1,952,388,880 | 0 | 2,027,830,771 | 1,952,388,880 |
| Total Taxable Value | 36,318,297,385 | 0 | 37,240,870,812 | 36,318,297,385 |
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 |
|---|---|---|---|
| 36,606,420,996 | 36,318,297,385 | 36,193,608,914 | 35,905,485,303 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 288,123,611 | 412,812,082 |
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 |
|---|---|---|---|
| 36,606,420,996 | 36,318,297,385 | 36,193,608,914 | 35,905,485,303 |
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
165-901-02/Midland ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 11,652,024,564 | 0.9684 | 12,032,243,457 | 11,652,024,564 |
| B - MULTIFAMILY | 1,517,858,886 | 0.8496 | 1,786,557,069 | 1,517,858,886 |
| C1 - VACANT LOTS | 291,218,873 | 0.7831 | 371,879,547 | 291,218,873 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 9,640,020 | 0.7039 | 13,694,868 | 9,640,020 |
| D2 - FARM & RANCH IMP | 0 | N/A | 0 | 0 |
| E - NON-AG LAND AND IMPROVEMENTS | 378,058,433 | 0.8546 | 442,380,568 | 378,058,433 |
| F1 - COMMERCIAL REAL | 3,396,778,616 | 0.9567 | 3,550,515,957 | 3,396,778,616 |
| F2 - INDUSTRIAL REAL | 536,473,915 | N/A | 536,473,915 | 536,473,915 |
| G - ALL MINERALS | 12,416,780,426 | 1.0049 | 12,356,234,875 | 12,416,780,426 |
| J - ALL UTILITIES | 1,416,179,137 | 0.9334 | 1,517,226,416 | 1,416,179,137 |
| L1 - COMMERCIAL PERSONAL | 1,934,683,665 | 0.9970 | 1,940,505,181 | 1,934,683,665 |
| L2 - INDUSTRIAL PERSONAL | 4,498,361,130 | N/A | 4,498,361,130 | 4,498,361,130 |
| M1 - MOBILE HOMES | 138,491,860 | N/A | 138,491,860 | 138,491,860 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 45,910 | N/A | 45,910 | 45,910 |
| S - SPECIAL INVENTORY | 84,090,830 | N/A | 84,090,830 | 84,090,830 |
| Subtotal | 38,270,686,265 | 39,268,701,583 | 38,270,686,265 | |
| Less Total Deductions | 1,952,388,880 | 2,027,830,771 | 1,952,388,880 | |
| Total Taxable Value | 36,318,297,385 | 37,240,870,812 | 36,318,297,385 |
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 |
|---|---|---|---|
| 36,606,420,996 | 36,318,297,385 | 36,193,608,914 | 35,905,485,303 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 288,123,611 | 412,812,082 |
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 |
|---|---|---|---|
| 36,606,420,996 | 36,318,297,385 | 36,193,608,914 | 35,905,485,303 |
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