taxes Property Tax Assistance

2020 ISD Summary Worksheet

168-Mitchell /Mitchell County

168-902/Loraine ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 15,607,022 0.9158 17,041,955 15,607,022
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 486,740 N/A 486,740 486,740
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,886,348 1.1254 11,450,924 12,886,348
D2 - FARM & RANCH IMP 964,050 N/A 964,050 964,050
E - NON-AG LAND AND IMPROVEMENTS 15,055,270 0.9923 15,172,095 15,055,270
F1 - COMMERCIAL REAL 1,166,740 N/A 1,166,740 1,166,740
F2 - INDUSTRIAL REAL 71,299,081 N/A 71,299,081 71,299,081
G - ALL MINERALS 250,710 N/A 250,710 250,710
J - ALL UTILITIES 50,554,050 0.9708 52,074,629 50,554,050
L1 - COMMERCIAL PERSONAL 854,480 N/A 854,480 854,480
L2 - INDUSTRIAL PERSONAL 2,355,260 N/A 2,355,260 2,355,260
M1 - MOBILE HOMES 282,780 N/A 282,780 282,780
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 171,762,531 0 173,399,444 171,762,531
Less Total Deductions 9,130,279 0 9,901,180 9,130,279
Total Taxable Value 162,632,252 0 163,498,264 162,632,252

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
164,591,896 162,632,252 164,591,896 162,632,252


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,959,644 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
164,591,896 162,632,252 164,591,896 162,632,252

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

168-902-02/Loraine ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 15,607,022 0.9158 17,041,955 15,607,022
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 486,740 N/A 486,740 486,740
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,886,348 1.1254 11,450,924 12,886,348
D2 - FARM & RANCH IMP 964,050 N/A 964,050 964,050
E - NON-AG LAND AND IMPROVEMENTS 15,055,270 0.9923 15,172,095 15,055,270
F1 - COMMERCIAL REAL 1,166,740 N/A 1,166,740 1,166,740
F2 - INDUSTRIAL REAL 71,299,081 N/A 71,299,081 71,299,081
G - ALL MINERALS 250,710 N/A 250,710 250,710
J - ALL UTILITIES 50,554,050 0.9708 52,074,629 50,554,050
L1 - COMMERCIAL PERSONAL 854,480 N/A 854,480 854,480
L2 - INDUSTRIAL PERSONAL 2,355,260 N/A 2,355,260 2,355,260
M1 - MOBILE HOMES 282,780 N/A 282,780 282,780
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 171,762,531 173,399,444 171,762,531
Less Total Deductions 9,130,279 9,901,180 9,130,279
Total Taxable Value 162,632,252 163,498,264 162,632,252

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
164,591,896 162,632,252 164,591,896 162,632,252


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,959,644 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
164,591,896 162,632,252 164,591,896 162,632,252

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