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ceiling reduction
2020 ISD Summary Worksheet
170-Montgomery /Montgomery County
170-906/Magnolia ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 5,976,010,942 | N/A | 5,976,010,942 | 5,976,010,942 |
| B - MULTIFAMILY | 247,027,417 | N/A | 247,027,417 | 247,027,417 |
| C1 - VACANT LOTS | 310,258,753 | N/A | 310,258,753 | 310,258,753 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 16,875,603 | N/A | 16,875,603 | 16,875,603 |
| D2 - FARM & RANCH IMP | 923,795 | N/A | 923,795 | 923,795 |
| E - NON-AG LAND AND IMPROVEMENTS | 725,451,020 | N/A | 725,451,020 | 725,451,020 |
| F1 - COMMERCIAL REAL | 708,103,457 | N/A | 708,103,457 | 708,103,457 |
| F2 - INDUSTRIAL REAL | 32,371,950 | N/A | 32,371,950 | 32,371,950 |
| G - ALL MINERALS | 13,965,900 | N/A | 13,965,900 | 13,965,900 |
| J - ALL UTILITIES | 92,764,504 | N/A | 92,764,504 | 92,764,504 |
| L1 - COMMERCIAL PERSONAL | 238,552,514 | N/A | 238,552,514 | 238,552,514 |
| L2 - INDUSTRIAL PERSONAL | 106,261,023 | N/A | 106,261,023 | 106,261,023 |
| M1 - MOBILE HOMES | 43,646,123 | N/A | 43,646,123 | 43,646,123 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 60,561,040 | N/A | 60,561,040 | 60,561,040 |
| S - SPECIAL INVENTORY | 669,754 | N/A | 669,754 | 669,754 |
| Subtotal | 8,573,443,795 | 0 | 8,573,443,795 | 8,573,443,795 |
| Less Total Deductions | 1,082,077,343 | 0 | 1,082,077,343 | 1,082,077,343 |
| Total Taxable Value | 7,491,366,452 | 0 | 7,491,366,452 | 7,491,366,452 |
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 |
|---|---|---|---|
| 7,645,576,794 | 7,491,366,452 | 7,645,576,794 | 7,491,366,452 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 154,210,342 | 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 |
|---|---|---|---|
| 7,645,576,794 | 7,491,366,452 | 7,645,576,794 | 7,491,366,452 |
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
170-906-02/Magnolia ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 5,976,010,942 | N/A | 5,976,010,942 | 5,976,010,942 |
| B - MULTIFAMILY | 247,027,417 | N/A | 247,027,417 | 247,027,417 |
| C1 - VACANT LOTS | 310,258,753 | N/A | 310,258,753 | 310,258,753 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 16,875,603 | N/A | 16,875,603 | 16,875,603 |
| D2 - FARM & RANCH IMP | 923,795 | N/A | 923,795 | 923,795 |
| E - NON-AG LAND AND IMPROVEMENTS | 725,451,020 | N/A | 725,451,020 | 725,451,020 |
| F1 - COMMERCIAL REAL | 708,103,457 | N/A | 708,103,457 | 708,103,457 |
| F2 - INDUSTRIAL REAL | 32,371,950 | N/A | 32,371,950 | 32,371,950 |
| G - ALL MINERALS | 13,965,900 | N/A | 13,965,900 | 13,965,900 |
| J - ALL UTILITIES | 92,764,504 | N/A | 92,764,504 | 92,764,504 |
| L1 - COMMERCIAL PERSONAL | 238,552,514 | N/A | 238,552,514 | 238,552,514 |
| L2 - INDUSTRIAL PERSONAL | 106,261,023 | N/A | 106,261,023 | 106,261,023 |
| M1 - MOBILE HOMES | 43,646,123 | N/A | 43,646,123 | 43,646,123 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 60,561,040 | N/A | 60,561,040 | 60,561,040 |
| S - SPECIAL INVENTORY | 669,754 | N/A | 669,754 | 669,754 |
| Subtotal | 8,573,443,795 | 8,573,443,795 | 8,573,443,795 | |
| Less Total Deductions | 1,082,077,343 | 1,082,077,343 | 1,082,077,343 | |
| Total Taxable Value | 7,491,366,452 | 7,491,366,452 | 7,491,366,452 |
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 |
|---|---|---|---|
| 7,645,576,794 | 7,491,366,452 | 7,645,576,794 | 7,491,366,452 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 154,210,342 | 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 |
|---|---|---|---|
| 7,645,576,794 | 7,491,366,452 | 7,645,576,794 | 7,491,366,452 |
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