taxes Property Tax Assistance

2021 Deduction Detail

170-Montgomery /Montgomery County

170-906/Magnolia ISD

Deductions Allowed in PVS Local Value PTAD Value Assigned Value
Homestead - State-Mandated Homestead Exemption 419,477,937 419,477,937 419,477,937
Homestead - State-Mandated Over-65 or Disabled $10,000 59,274,445 59,274,445 59,274,445
Homestead - 100% Disabled or Unemployable Veterans 73,869,039 73,869,039 73,869,039
Homestead - Disabled Veterans and Surviving Spouse 5,221,240 5,221,240 5,221,240
Homestead - Over-65 or Disabled Freeze Loss 311,011,792 418,589,791 311,011,792
Homestead - 10% Appraisal Cap Loss 228,300,910 242,280,495 228,300,910
Freeport 0 0 0
Pollution Control 396,964 396,964 396,964
Difference Between Taxable and Limited Value for Chapter 313 Value Limitation Agreement 0 0 0
Tax Increment Financing 0 0 0
Low Income Housing, Counties Under 1.8 Million Pop 0 0 0
Solar and Wind-Powered 0 0 0
Deferred Taxes 12,235,596 12,235,596 12,235,596
Prorations 370,979 370,979 370,979
Home Donated by Charity to Disabled Veterans 0 0 0
Disaster Reappraisal Market Value Adjustment 0 0 0
Homestead - Surviving Spouse 100% Disabled 1,906,780 1,906,780 1,906,780
Homestead - Surviving Spouse Service Member KIA 117,180 117,180 117,180
Homestead - Surviving Spouse First Responder LOD 882,850 882,850 882,850
Loss to Special Valuation 0 0 0
Bullion Depository 0 0 0
Personal Property In Transit 0 0 0

170-906/Magnolia ISD

Deductions Allowed in PVS Local Value PTAD Value Assigned Value
Homestead - State-Mandated Homestead Exemption 419,477,937 419,477,937 419,477,937
Homestead - State-Mandated Over-65 or Disabled $10,000 59,274,445 59,274,445 59,274,445
Homestead - 100% Disabled or Unemployable Veterans 73,869,039 73,869,039 73,869,039
Homestead - Disabled Veterans and Surviving Spouse 5,221,240 5,221,240 5,221,240
Homestead - Over-65 or Disabled Freeze Loss 311,011,792 418,589,791 311,011,792
Homestead - 10% Appraisal Cap Loss 228,300,910 242,280,495 228,300,910
Freeport 0 0 0
Pollution Control 396,964 396,964 396,964
Difference Between Taxable and Limited Value for Chapter 313 Value Limitation Agreement 0 0 0
Tax Increment Financing 0 0 0
Low Income Housing, Counties Under 1.8 Million Pop 0 0 0
Solar and Wind-Powered 0 0 0
Deferred Taxes 12,235,596 12,235,596 12,235,596
Prorations 370,979 370,979 370,979
Home Donated by Charity to Disabled Veterans 0 0 0
Disaster Reappraisal Market Value Adjustment 0 0 0
Homestead - Surviving Spouse 100% Disabled 1,906,780 1,906,780 1,906,780
Homestead - Surviving Spouse Service Member KIA 117,180 117,180 117,180
Homestead - Surviving Spouse First Responder LOD 882,850 882,850 882,850
Loss to Special Valuation 0 0 0
Bullion Depository 0 0 0
Personal Property In Transit 0 0 0
Total Deductions Allowed in PVS 1,113,065,712 1,234,623,296 1,113,065,712