taxes Property Tax Assistance

2022 ISD Summary Worksheet

164-Menard/Menard County

164-901/Menard ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 38,767,480 0.9145 42,391,996 42,391,996
B - MULTIFAMILY 491,690 N/A 491,690 491,690
C1 - VACANT LOTS 1,837,850 N/A 1,837,850 1,837,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 30,834,140 1.0335 29,836,043 29,836,043
D2 - FARM & RANCH IMP 7,940,210 N/A 7,940,210 7,940,210
E - NON-AG LAND AND IMPROVEMENTS 85,697,560 0.8985 95,378,475 95,378,475
F1 - COMMERCIAL REAL 9,128,180 N/A 9,128,180 9,128,180
F2 - INDUSTRIAL REAL 5,921,060 N/A 5,921,060 5,921,060
G - ALL MINERALS 9,529,270 N/A 9,529,270 9,529,270
J - ALL UTILITIES 70,634,800 0.9537 74,063,961 74,063,961
L1 - COMMERCIAL PERSONAL 5,058,790 N/A 5,058,790 5,058,790
L2 - INDUSTRIAL PERSONAL 1,729,760 N/A 1,729,760 1,729,760
M1 - MOBILE HOMES 3,316,840 N/A 3,316,840 3,316,840
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 270,887,630 0 286,624,125 286,624,125
Less Total Deductions 25,692,201 0 26,561,754 26,561,754
Total Taxable Value 245,195,429 0 260,062,371 260,062,371

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
265,762,644 260,062,371 265,762,644 260,062,371 271,582,644


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
5,700,273 0 5,820,000


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
265,762,644 260,062,371 265,762,644 260,062,371 271,582,644

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

164-901-02/Menard ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 38,767,480 0.9145 42,391,996 42,391,996
B - MULTIFAMILY 491,690 N/A 491,690 491,690
C1 - VACANT LOTS 1,837,850 N/A 1,837,850 1,837,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 30,834,140 1.0335 29,836,043 29,836,043
D2 - FARM & RANCH IMP 7,940,210 N/A 7,940,210 7,940,210
E - NON-AG LAND AND IMPROVEMENTS 85,697,560 0.8985 95,378,475 95,378,475
F1 - COMMERCIAL REAL 9,128,180 N/A 9,128,180 9,128,180
F2 - INDUSTRIAL REAL 5,921,060 N/A 5,921,060 5,921,060
G - ALL MINERALS 9,529,270 N/A 9,529,270 9,529,270
J - ALL UTILITIES 70,634,800 0.9537 74,063,961 74,063,961
L1 - COMMERCIAL PERSONAL 5,058,790 N/A 5,058,790 5,058,790
L2 - INDUSTRIAL PERSONAL 1,729,760 N/A 1,729,760 1,729,760
M1 - MOBILE HOMES 3,316,840 N/A 3,316,840 3,316,840
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 270,887,630 286,624,125 286,624,125
Less Total Deductions 25,692,201 26,561,754 26,561,754
Total Taxable Value 245,195,429 260,062,371 260,062,371

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
265,762,644 260,062,371 265,762,644 260,062,371 271,582,644


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
5,700,273 0 5,820,000


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
265,762,644 260,062,371 265,762,644 260,062,371 271,582,644

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