taxes Property Tax Assistance

2020 ISD Summary Worksheet

170-Montgomery

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 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