taxes Property Tax Assistance

2022 ISD Summary Worksheet

161-McLennan/McLennan County

161-906/La Vega ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	559,202,781	0.9323	599,809,912	559,202,781
B - MULTIFAMILY	35,116,398	N/A	35,116,398	35,116,398
C1 - VACANT LOTS	21,745,946	N/A	21,745,946	21,745,946
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,502,630	1.0797	1,391,657	1,502,630
D2 - FARM & RANCH IMP	1,253,863	N/A	1,253,863	1,253,863
E - NON-AG LAND AND IMPROVEMENTS	37,575,957	N/A	37,575,957	37,575,957
F1 - COMMERCIAL REAL	333,943,792	1.0606	314,863,089	333,943,792
F2 - INDUSTRIAL REAL	137,914,191	N/A	137,914,191	137,914,191
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	49,735,335	N/A	49,735,335	49,735,335
L1 - COMMERCIAL PERSONAL	182,395,610	1.0082	180,912,131	182,395,610
L2 - INDUSTRIAL PERSONAL	82,085,540	N/A	82,085,540	82,085,540
M1 - MOBILE HOMES	8,247,987	N/A	8,247,987	8,247,987
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	3,976,460	N/A	3,976,460	3,976,460
S - SPECIAL INVENTORY	861,180	N/A	861,180	861,180
Subtotal	1,455,557,670	0	1,475,489,646	1,455,557,670
Less Total Deductions	235,430,903	0	249,572,971	235,430,903
Total Taxable Value	1,220,126,767	0	1,225,916,675	1,220,126,767

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	T13
1,248,971,621	1,220,126,767	1,248,971,621	1,220,126,767	1,270,681,621

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
28,844,854	0	21,710,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
1,248,971,621	1,220,126,767	1,248,971,621	1,220,126,767	1,270,681,621

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

161-906-02/La Vega ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	559,202,781	0.9323	599,809,912	559,202,781
B - MULTIFAMILY	35,116,398	N/A	35,116,398	35,116,398
C1 - VACANT LOTS	21,745,946	N/A	21,745,946	21,745,946
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,502,630	1.0797	1,391,657	1,502,630
D2 - FARM & RANCH IMP	1,253,863	N/A	1,253,863	1,253,863
E - NON-AG LAND AND IMPROVEMENTS	37,575,957	N/A	37,575,957	37,575,957
F1 - COMMERCIAL REAL	333,943,792	1.0606	314,863,089	333,943,792
F2 - INDUSTRIAL REAL	137,914,191	N/A	137,914,191	137,914,191
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	49,735,335	N/A	49,735,335	49,735,335
L1 - COMMERCIAL PERSONAL	182,395,610	1.0082	180,912,131	182,395,610
L2 - INDUSTRIAL PERSONAL	82,085,540	N/A	82,085,540	82,085,540
M1 - MOBILE HOMES	8,247,987	N/A	8,247,987	8,247,987
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	3,976,460	N/A	3,976,460	3,976,460
S - SPECIAL INVENTORY	861,180	N/A	861,180	861,180
Subtotal	1,455,557,670		1,475,489,646	1,455,557,670
Less Total Deductions	235,430,903		249,572,971	235,430,903
Total Taxable Value	1,220,126,767		1,225,916,675	1,220,126,767

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	T13
1,248,971,621	1,220,126,767	1,248,971,621	1,220,126,767	1,270,681,621

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
28,844,854	0	21,710,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
1,248,971,621	1,220,126,767	1,248,971,621	1,220,126,767	1,270,681,621

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement