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ceiling reduction
2020 ISD Summary Worksheet
161-McLennan
161-903/Midway ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 3,580,195,596 | 0.9859 | 3,631,398,312 | 3,580,195,596 |
| B - MULTIFAMILY | 322,963,875 | 0.9635 | 335,198,625 | 322,963,875 |
| C1 - VACANT LOTS | 79,294,566 | N/A | 79,294,566 | 79,294,566 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,506,336 | 1.0983 | 5,013,726 | 5,506,336 |
| D2 - FARM & RANCH IMP | 3,280,452 | N/A | 3,280,452 | 3,280,452 |
| E - NON-AG LAND AND IMPROVEMENTS | 94,759,772 | N/A | 94,759,772 | 94,759,772 |
| F1 - COMMERCIAL REAL | 796,904,511 | 0.9334 | 853,765,279 | 796,904,511 |
| F2 - INDUSTRIAL REAL | 333,572,060 | N/A | 333,572,060 | 333,572,060 |
| G - ALL MINERALS | 5,954 | N/A | 5,954 | 5,954 |
| J - ALL UTILITIES | 100,869,548 | N/A | 100,869,548 | 100,869,548 |
| L1 - COMMERCIAL PERSONAL | 604,355,470 | 1.0724 | 563,554,150 | 604,355,470 |
| L2 - INDUSTRIAL PERSONAL | 508,611,910 | N/A | 508,611,910 | 508,611,910 |
| M1 - MOBILE HOMES | 1,732,820 | N/A | 1,732,820 | 1,732,820 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 39,157,407 | N/A | 39,157,407 | 39,157,407 |
| S - SPECIAL INVENTORY | 18,369,000 | N/A | 18,369,000 | 18,369,000 |
| Subtotal | 6,489,579,277 | 0 | 6,568,583,581 | 6,489,579,277 |
| Less Total Deductions | 734,980,768 | 0 | 751,631,789 | 734,980,768 |
| Total Taxable Value | 5,754,598,509 | 0 | 5,816,951,792 | 5,754,598,509 |
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 |
|---|---|---|---|
| 5,866,419,542 | 5,754,598,509 | 5,866,419,542 | 5,754,598,509 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 111,821,033 | 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 |
|---|---|---|---|
| 5,866,419,542 | 5,754,598,509 | 5,866,419,542 | 5,754,598,509 |
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
161-903-02/Midway ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 3,580,195,596 | 0.9859 | 3,631,398,312 | 3,580,195,596 |
| B - MULTIFAMILY | 322,963,875 | 0.9635 | 335,198,625 | 322,963,875 |
| C1 - VACANT LOTS | 79,294,566 | N/A | 79,294,566 | 79,294,566 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,506,336 | 1.0983 | 5,013,726 | 5,506,336 |
| D2 - FARM & RANCH IMP | 3,280,452 | N/A | 3,280,452 | 3,280,452 |
| E - NON-AG LAND AND IMPROVEMENTS | 94,759,772 | N/A | 94,759,772 | 94,759,772 |
| F1 - COMMERCIAL REAL | 796,904,511 | 0.9334 | 853,765,279 | 796,904,511 |
| F2 - INDUSTRIAL REAL | 333,572,060 | N/A | 333,572,060 | 333,572,060 |
| G - ALL MINERALS | 5,954 | N/A | 5,954 | 5,954 |
| J - ALL UTILITIES | 100,869,548 | N/A | 100,869,548 | 100,869,548 |
| L1 - COMMERCIAL PERSONAL | 604,355,470 | 1.0724 | 563,554,150 | 604,355,470 |
| L2 - INDUSTRIAL PERSONAL | 508,611,910 | N/A | 508,611,910 | 508,611,910 |
| M1 - MOBILE HOMES | 1,732,820 | N/A | 1,732,820 | 1,732,820 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 39,157,407 | N/A | 39,157,407 | 39,157,407 |
| S - SPECIAL INVENTORY | 18,369,000 | N/A | 18,369,000 | 18,369,000 |
| Subtotal | 6,489,579,277 | 6,568,583,581 | 6,489,579,277 | |
| Less Total Deductions | 734,980,768 | 751,631,789 | 734,980,768 | |
| Total Taxable Value | 5,754,598,509 | 5,816,951,792 | 5,754,598,509 |
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 |
|---|---|---|---|
| 5,866,419,542 | 5,754,598,509 | 5,866,419,542 | 5,754,598,509 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 111,821,033 | 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 |
|---|---|---|---|
| 5,866,419,542 | 5,754,598,509 | 5,866,419,542 | 5,754,598,509 |
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