taxes Property Tax Assistance

2020 ISD Summary Worksheet

166-Milam /Milam County

166-903/Milano ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 18,333,591 N/A 18,333,591 18,333,591
B - MULTIFAMILY 41,070 N/A 41,070 41,070
C1 - VACANT LOTS 289,330 N/A 289,330 289,330
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,202,175 N/A 5,202,175 5,202,175
D2 - FARM & RANCH IMP 5,800,201 N/A 5,800,201 5,800,201
E - NON-AG LAND AND IMPROVEMENTS 93,584,681 N/A 93,584,681 93,584,681
F1 - COMMERCIAL REAL 2,185,230 N/A 2,185,230 2,185,230
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 2,575,169 N/A 2,575,169 2,575,169
J - ALL UTILITIES 27,009,390 N/A 27,009,390 27,009,390
L1 - COMMERCIAL PERSONAL 1,011,440 N/A 1,011,440 1,011,440
L2 - INDUSTRIAL PERSONAL 2,364,390 N/A 2,364,390 2,364,390
M1 - MOBILE HOMES 7,043,660 N/A 7,043,660 7,043,660
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 19,790 N/A 19,790 19,790
Subtotal 165,460,117 0 165,460,117 165,460,117
Less Total Deductions 33,144,560 0 33,144,560 33,144,560
Total Taxable Value 132,315,557 0 132,315,557 132,315,557

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
136,029,677 132,315,557 136,029,677 132,315,557


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,714,120 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
136,029,677 132,315,557 136,029,677 132,315,557

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

166-903-02/Milano ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 18,333,591 N/A 18,333,591 18,333,591
B - MULTIFAMILY 41,070 N/A 41,070 41,070
C1 - VACANT LOTS 289,330 N/A 289,330 289,330
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,202,175 N/A 5,202,175 5,202,175
D2 - FARM & RANCH IMP 5,800,201 N/A 5,800,201 5,800,201
E - NON-AG LAND AND IMPROVEMENTS 93,584,681 N/A 93,584,681 93,584,681
F1 - COMMERCIAL REAL 2,185,230 N/A 2,185,230 2,185,230
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 2,575,169 N/A 2,575,169 2,575,169
J - ALL UTILITIES 27,009,390 N/A 27,009,390 27,009,390
L1 - COMMERCIAL PERSONAL 1,011,440 N/A 1,011,440 1,011,440
L2 - INDUSTRIAL PERSONAL 2,364,390 N/A 2,364,390 2,364,390
M1 - MOBILE HOMES 7,043,660 N/A 7,043,660 7,043,660
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 19,790 N/A 19,790 19,790
Subtotal 165,460,117 165,460,117 165,460,117
Less Total Deductions 33,144,560 33,144,560 33,144,560
Total Taxable Value 132,315,557 132,315,557 132,315,557

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
136,029,677 132,315,557 136,029,677 132,315,557


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
3,714,120 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
136,029,677 132,315,557 136,029,677 132,315,557

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