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