taxes Property Tax Assistance

2021 ISD Summary Worksheet

073-Falls /Falls County

073-904/Westphalia ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 3,070,050 0.9436 3,253,550 3,070,050
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 48,810 N/A 48,810 48,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,329,815 0.8172 2,851,139 2,329,815
D2 - FARM & RANCH IMP 1,994,740 1.0045 1,985,804 1,994,740
E - NON-AG LAND AND IMPROVEMENTS 15,031,705 1.0048 14,959,897 15,031,705
F1 - COMMERCIAL REAL 507,640 N/A 507,640 507,640
F2 - INDUSTRIAL REAL 202,180 N/A 202,180 202,180
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 3,784,640 1.0776 3,512,101 3,784,640
L1 - COMMERCIAL PERSONAL 269,020 N/A 269,020 269,020
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 213,740 N/A 213,740 213,740
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 27,452,340 0 27,803,881 27,452,340
Less Total Deductions 5,884,779 0 6,223,047 5,884,779
Total Taxable Value 21,567,561 0 21,580,834 21,567,561

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
22,669,749 21,567,561 22,669,749 21,567,561


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,102,188 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
22,669,749 21,567,561 22,669,749 21,567,561

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

073-904-02/Westphalia ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 3,070,050 0.9436 3,253,550 3,070,050
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 48,810 N/A 48,810 48,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,329,815 0.8172 2,851,139 2,329,815
D2 - FARM & RANCH IMP 1,994,740 1.0045 1,985,804 1,994,740
E - NON-AG LAND AND IMPROVEMENTS 15,031,705 1.0048 14,959,897 15,031,705
F1 - COMMERCIAL REAL 507,640 N/A 507,640 507,640
F2 - INDUSTRIAL REAL 202,180 N/A 202,180 202,180
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 3,784,640 1.0776 3,512,101 3,784,640
L1 - COMMERCIAL PERSONAL 269,020 N/A 269,020 269,020
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 213,740 N/A 213,740 213,740
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 27,452,340 27,803,881 27,452,340
Less Total Deductions 5,884,779 6,223,047 5,884,779
Total Taxable Value 21,567,561 21,580,834 21,567,561

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
22,669,749 21,567,561 22,669,749 21,567,561


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,102,188 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
22,669,749 21,567,561 22,669,749 21,567,561

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