taxes Property Tax Assistance

2021 ISD Summary Worksheet

077-Floyd /Floyd County

077-901/Floydada ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	49,362,740	0.9571	51,575,321	49,362,740
B - MULTIFAMILY	258,130	N/A	258,130	258,130
C1 - VACANT LOTS	695,340	N/A	695,340	695,340
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	42,899,690	0.9859	43,511,515	42,899,690
D2 - FARM & RANCH IMP	2,470,060	N/A	2,470,060	2,470,060
E - NON-AG LAND AND IMPROVEMENTS	20,168,221	0.7286	27,680,786	20,168,221
F1 - COMMERCIAL REAL	8,044,901	N/A	8,044,901	8,044,901
F2 - INDUSTRIAL REAL	444,409,060	N/A	444,409,060	444,409,060
G - ALL MINERALS	27,930	N/A	27,930	27,930
J - ALL UTILITIES	105,368,480	0.8154	129,223,056	105,368,480
L1 - COMMERCIAL PERSONAL	9,343,440	N/A	9,343,440	9,343,440
L2 - INDUSTRIAL PERSONAL	4,830,810	N/A	4,830,810	4,830,810
M1 - MOBILE HOMES	60,810	N/A	60,810	60,810
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	934,510	N/A	934,510	934,510
Subtotal	688,874,122	0	723,065,669	688,874,122
Less Total Deductions	382,611,759	0	383,623,016	382,611,759
Total Taxable Value	306,262,363	0	339,442,653	306,262,363

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
312,770,983	306,262,363	312,770,983	306,262,363

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
6,508,620	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
667,510,833	661,002,213	667,510,833	661,002,213

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

077-901-02/Floydada ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	49,362,740	0.9571	51,575,321	49,362,740
B - MULTIFAMILY	258,130	N/A	258,130	258,130
C1 - VACANT LOTS	695,340	N/A	695,340	695,340
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	42,899,690	0.9859	43,511,515	42,899,690
D2 - FARM & RANCH IMP	2,470,060	N/A	2,470,060	2,470,060
E - NON-AG LAND AND IMPROVEMENTS	20,168,221	0.7286	27,680,786	20,168,221
F1 - COMMERCIAL REAL	8,044,901	N/A	8,044,901	8,044,901
F2 - INDUSTRIAL REAL	444,409,060	N/A	444,409,060	444,409,060
G - ALL MINERALS	27,930	N/A	27,930	27,930
J - ALL UTILITIES	105,368,480	0.8154	129,223,056	105,368,480
L1 - COMMERCIAL PERSONAL	9,343,440	N/A	9,343,440	9,343,440
L2 - INDUSTRIAL PERSONAL	4,830,810	N/A	4,830,810	4,830,810
M1 - MOBILE HOMES	60,810	N/A	60,810	60,810
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	934,510	N/A	934,510	934,510
Subtotal	688,874,122		723,065,669	688,874,122
Less Total Deductions	382,611,759		383,623,016	382,611,759
Total Taxable Value	306,262,363		339,442,653	306,262,363

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
312,770,983	306,262,363	312,770,983	306,262,363

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
6,508,620	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
667,510,833	661,002,213	667,510,833	661,002,213

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