taxes Property Tax Assistance

2021 ISD Summary Worksheet

Olfen ISD (all splits)   Runnels County  

200-Runnels/Runnels County

200-906/Olfen ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,070 N/A 2,070 2,070
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,720,020 N/A 2,720,020 2,720,020
D2 - FARM & RANCH IMP 440,110 N/A 440,110 440,110
E - NON-AG LAND AND IMPROVEMENTS 4,979,330 N/A 4,979,330 4,979,330
F1 - COMMERCIAL REAL 95,870 N/A 95,870 95,870
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,922,530 N/A 5,922,530 5,922,530
L1 - COMMERCIAL PERSONAL 131,870 N/A 131,870 131,870
L2 - INDUSTRIAL PERSONAL 1,600 N/A 1,600 1,600
M1 - MOBILE HOMES 101,390 N/A 101,390 101,390
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 14,394,790 0 14,394,790 14,394,790
Less Total Deductions 1,581,507 0 1,581,507 1,581,507
Total Taxable Value 12,813,283 0 12,813,283 12,813,283

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 13,107,033 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,813,283 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 13,107,033 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,813,283 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 13,107,033 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,813,283 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 13,107,033 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,813,283 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 293,750 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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200-906-02/Olfen ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,070 N/A 2,070 2,070
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,720,020 N/A 2,720,020 2,720,020
D2 - FARM & RANCH IMP 440,110 N/A 440,110 440,110
E - NON-AG LAND AND IMPROVEMENTS 4,979,330 N/A 4,979,330 4,979,330
F1 - COMMERCIAL REAL 95,870 N/A 95,870 95,870
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,922,530 N/A 5,922,530 5,922,530
L1 - COMMERCIAL PERSONAL 131,870 N/A 131,870 131,870
L2 - INDUSTRIAL PERSONAL 1,600 N/A 1,600 1,600
M1 - MOBILE HOMES 101,390 N/A 101,390 101,390
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 14,394,790 14,394,790 14,394,790
Less Total Deductions 1,581,507 1,581,507 1,581,507
Total Taxable Value 12,813,283 12,813,283 12,813,283

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 13,107,033 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,813,283 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 13,107,033 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,813,283 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 13,107,033 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,813,283 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 13,107,033 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,813,283 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 293,750 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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