taxes Property Tax Assistance

2020 ISD Summary Worksheet

248-Winkler

248-901/Kermit ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 154,840,866 0.7022 220,508,211 220,508,211
B - MULTIFAMILY 1,751,390 N/A 1,751,390 1,751,390
C1 - VACANT LOTS 872,860 N/A 872,860 872,860
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 830,554 1.2481 665,477 665,477
D2 - FARM & RANCH IMP 233,225 N/A 233,225 233,225
E - NON-AG LAND AND IMPROVEMENTS 8,518,208 N/A 8,518,208 8,518,208
F1 - COMMERCIAL REAL 51,756,719 0.9633 53,728,557 53,728,557
F2 - INDUSTRIAL REAL 315,045,980 N/A 315,045,980 315,045,980
G - ALL MINERALS 190,725,360 0.9986 190,992,750 190,992,750
J - ALL UTILITIES 263,356,940 0.9346 281,785,727 281,785,727
L1 - COMMERCIAL PERSONAL 14,258,180 N/A 14,258,180 14,258,180
L2 - INDUSTRIAL PERSONAL 107,728,440 N/A 107,728,440 107,728,440
M1 - MOBILE HOMES 7,004,490 N/A 7,004,490 7,004,490
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 1,116,923,212 0 1,203,093,495 1,203,093,495
Less Total Deductions 81,204,011 0 97,611,032 97,611,032
Total Taxable Value 1,035,719,201 0 1,105,482,463 1,105,482,463

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
1,118,019,328 1,105,482,463 1,107,939,171 1,095,402,306


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,536,865 10,080,157


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
1,118,019,328 1,105,482,463 1,107,939,171 1,095,402,306

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

248-901-02/Kermit ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 154,840,866 0.7022 220,508,211 220,508,211
B - MULTIFAMILY 1,751,390 N/A 1,751,390 1,751,390
C1 - VACANT LOTS 872,860 N/A 872,860 872,860
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 830,554 1.2481 665,477 665,477
D2 - FARM & RANCH IMP 233,225 N/A 233,225 233,225
E - NON-AG LAND AND IMPROVEMENTS 8,518,208 N/A 8,518,208 8,518,208
F1 - COMMERCIAL REAL 51,756,719 0.9633 53,728,557 53,728,557
F2 - INDUSTRIAL REAL 315,045,980 N/A 315,045,980 315,045,980
G - ALL MINERALS 190,725,360 0.9986 190,992,750 190,992,750
J - ALL UTILITIES 263,356,940 0.9346 281,785,727 281,785,727
L1 - COMMERCIAL PERSONAL 14,258,180 N/A 14,258,180 14,258,180
L2 - INDUSTRIAL PERSONAL 107,728,440 N/A 107,728,440 107,728,440
M1 - MOBILE HOMES 7,004,490 N/A 7,004,490 7,004,490
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 1,116,923,212 1,203,093,495 1,203,093,495
Less Total Deductions 81,204,011 97,611,032 97,611,032
Total Taxable Value 1,035,719,201 1,105,482,463 1,105,482,463

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
1,118,019,328 1,105,482,463 1,107,939,171 1,095,402,306


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
12,536,865 10,080,157


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
1,118,019,328 1,105,482,463 1,107,939,171 1,095,402,306

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