taxes Property Tax Assistance

2021 ISD Summary Worksheet

Milano ISD (all splits)   Milam County  

166-Milam/Milam County

166-903/Milano ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 20,843,441 0.9590 21,734,558 20,843,441
B - MULTIFAMILY 41,070 N/A 41,070 41,070
C1 - VACANT LOTS 356,880 N/A 356,880 356,880
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,328,916 1.1406 4,672,232 5,328,916
D2 - FARM & RANCH IMP 5,867,101 N/A 5,867,101 5,867,101
E - NON-AG LAND AND IMPROVEMENTS 102,681,240 1.0307 99,622,819 102,681,240
F1 - COMMERCIAL REAL 2,148,010 N/A 2,148,010 2,148,010
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 1,620,112 N/A 1,620,112 1,620,112
J - ALL UTILITIES 28,177,860 0.9235 30,512,030 28,177,860
L1 - COMMERCIAL PERSONAL 1,559,310 N/A 1,559,310 1,559,310
L2 - INDUSTRIAL PERSONAL 2,115,730 N/A 2,115,730 2,115,730
M1 - MOBILE HOMES 6,679,210 N/A 6,679,210 6,679,210
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 17,050 N/A 17,050 17,050
Subtotal 177,435,930 0 176,946,112 177,435,930
Less Total Deductions 33,308,198 0 34,849,722 33,308,198
Total Taxable Value 144,127,732 0 142,096,390 144,127,732

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's office 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 school 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

Measure Value Description
T1 148,119,341 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 144,127,732 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 148,119,341 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 144,127,732 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 148,119,341 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 144,127,732 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 148,119,341 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 144,127,732 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,991,609 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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166-903-02/Milano ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 20,843,441 0.9590 21,734,558 20,843,441
B - MULTIFAMILY 41,070 N/A 41,070 41,070
C1 - VACANT LOTS 356,880 N/A 356,880 356,880
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,328,916 1.1406 4,672,232 5,328,916
D2 - FARM & RANCH IMP 5,867,101 N/A 5,867,101 5,867,101
E - NON-AG LAND AND IMPROVEMENTS 102,681,240 1.0307 99,622,819 102,681,240
F1 - COMMERCIAL REAL 2,148,010 N/A 2,148,010 2,148,010
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 1,620,112 N/A 1,620,112 1,620,112
J - ALL UTILITIES 28,177,860 0.9235 30,512,030 28,177,860
L1 - COMMERCIAL PERSONAL 1,559,310 N/A 1,559,310 1,559,310
L2 - INDUSTRIAL PERSONAL 2,115,730 N/A 2,115,730 2,115,730
M1 - MOBILE HOMES 6,679,210 N/A 6,679,210 6,679,210
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 17,050 N/A 17,050 17,050
Subtotal 177,435,930 176,946,112 177,435,930
Less Total Deductions 33,308,198 34,849,722 33,308,198
Total Taxable Value 144,127,732 142,096,390 144,127,732

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's office 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 school 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

Measure Value Description
T1 148,119,341 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 144,127,732 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 148,119,341 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 144,127,732 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 148,119,341 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 144,127,732 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 148,119,341 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 144,127,732 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,991,609 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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