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ceiling reduction
2021 ISD Summary Worksheet
161-McLennan /McLennan County
161-903/Midway ISD
| Category | Local Tax Roll Value | 2021 WTD Mean Ratio | 2021 PTAD Value Estimate | 2021 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 4,098,312,917 | N/A | 4,098,312,917 | 4,098,312,917 |
| B - MULTIFAMILY | 342,158,619 | N/A | 342,158,619 | 342,158,619 |
| C1 - VACANT LOTS | 86,291,137 | N/A | 86,291,137 | 86,291,137 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,459,354 | N/A | 5,459,354 | 5,459,354 |
| D2 - FARM & RANCH IMP | 3,689,770 | N/A | 3,689,770 | 3,689,770 |
| E - NON-AG LAND AND IMPROVEMENTS | 106,785,584 | N/A | 106,785,584 | 106,785,584 |
| F1 - COMMERCIAL REAL | 805,130,060 | N/A | 805,130,060 | 805,130,060 |
| F2 - INDUSTRIAL REAL | 350,164,993 | N/A | 350,164,993 | 350,164,993 |
| G - ALL MINERALS | 7,057 | N/A | 7,057 | 7,057 |
| J - ALL UTILITIES | 108,623,238 | N/A | 108,623,238 | 108,623,238 |
| L1 - COMMERCIAL PERSONAL | 446,765,177 | N/A | 446,765,177 | 446,765,177 |
| L2 - INDUSTRIAL PERSONAL | 812,136,780 | N/A | 812,136,780 | 812,136,780 |
| M1 - MOBILE HOMES | 1,890,393 | N/A | 1,890,393 | 1,890,393 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 23,423,550 | N/A | 23,423,550 | 23,423,550 |
| S - SPECIAL INVENTORY | 19,378,340 | N/A | 19,378,340 | 19,378,340 |
| Subtotal | 7,210,216,969 | 0 | 7,210,216,969 | 7,210,216,969 |
| Less Total Deductions | 898,435,218 | 0 | 898,435,218 | 898,435,218 |
| Total Taxable Value | 6,311,781,751 | 0 | 6,311,781,751 | 6,311,781,751 |
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 |
|---|---|---|---|
| 6,426,946,378 | 6,311,781,751 | 6,426,946,378 | 6,311,781,751 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 115,164,627 | 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 |
|---|---|---|---|
| 6,426,946,378 | 6,311,781,751 | 6,426,946,378 | 6,311,781,751 |
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
161-903-02/Midway ISD
| Category | Local Tax Roll Value | 2021 WTD Mean Ratio | 2021 PTAD Value Estimate | 2021 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 4,098,312,917 | N/A | 4,098,312,917 | 4,098,312,917 |
| B - MULTIFAMILY | 342,158,619 | N/A | 342,158,619 | 342,158,619 |
| C1 - VACANT LOTS | 86,291,137 | N/A | 86,291,137 | 86,291,137 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,459,354 | N/A | 5,459,354 | 5,459,354 |
| D2 - FARM & RANCH IMP | 3,689,770 | N/A | 3,689,770 | 3,689,770 |
| E - NON-AG LAND AND IMPROVEMENTS | 106,785,584 | N/A | 106,785,584 | 106,785,584 |
| F1 - COMMERCIAL REAL | 805,130,060 | N/A | 805,130,060 | 805,130,060 |
| F2 - INDUSTRIAL REAL | 350,164,993 | N/A | 350,164,993 | 350,164,993 |
| G - ALL MINERALS | 7,057 | N/A | 7,057 | 7,057 |
| J - ALL UTILITIES | 108,623,238 | N/A | 108,623,238 | 108,623,238 |
| L1 - COMMERCIAL PERSONAL | 446,765,177 | N/A | 446,765,177 | 446,765,177 |
| L2 - INDUSTRIAL PERSONAL | 812,136,780 | N/A | 812,136,780 | 812,136,780 |
| M1 - MOBILE HOMES | 1,890,393 | N/A | 1,890,393 | 1,890,393 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 23,423,550 | N/A | 23,423,550 | 23,423,550 |
| S - SPECIAL INVENTORY | 19,378,340 | N/A | 19,378,340 | 19,378,340 |
| Subtotal | 7,210,216,969 | 7,210,216,969 | 7,210,216,969 | |
| Less Total Deductions | 898,435,218 | 898,435,218 | 898,435,218 | |
| Total Taxable Value | 6,311,781,751 | 6,311,781,751 | 6,311,781,751 |
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 |
|---|---|---|---|
| 6,426,946,378 | 6,311,781,751 | 6,426,946,378 | 6,311,781,751 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 115,164,627 | 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 |
|---|---|---|---|
| 6,426,946,378 | 6,311,781,751 | 6,426,946,378 | 6,311,781,751 |
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 taxceiling 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