taxes Property Tax Assistance

2022 ISD Summary Worksheet

169-Montague/Montague County

169-910/Forestburg ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 18,493,510 0.9860 18,756,095 18,493,510
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 383,110 N/A 383,110 383,110
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,504,580 1.2163 3,703,483 4,504,580
D2 - FARM & RANCH IMP 1,129,630 N/A 1,129,630 1,129,630
E - NON-AG LAND AND IMPROVEMENTS 105,109,750 1.0375 101,310,602 105,109,750
F1 - COMMERCIAL REAL 2,243,230 N/A 2,243,230 2,243,230
F2 - INDUSTRIAL REAL 24,270,580 N/A 24,270,580 24,270,580
G - ALL MINERALS 48,710,860 1.0044 48,497,471 48,710,860
J - ALL UTILITIES 38,730,290 0.9548 40,563,773 38,730,290
L1 - COMMERCIAL PERSONAL 621,810 N/A 621,810 621,810
L2 - INDUSTRIAL PERSONAL 2,182,700 N/A 2,182,700 2,182,700
M1 - MOBILE HOMES 2,987,660 N/A 2,987,660 2,987,660
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 249,367,710 0 246,650,144 249,367,710
Less Total Deductions 31,222,510 0 31,838,570 31,222,510
Total Taxable Value 218,145,200 0 214,811,574 218,145,200

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
222,060,441 218,145,200 222,060,441 218,145,200 225,350,441


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
3,915,241 0 3,290,000


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
222,060,441 218,145,200 222,060,441 218,145,200 225,350,441

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

169-910-02/Forestburg ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 18,493,510 0.9860 18,756,095 18,493,510
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 383,110 N/A 383,110 383,110
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,504,580 1.2163 3,703,483 4,504,580
D2 - FARM & RANCH IMP 1,129,630 N/A 1,129,630 1,129,630
E - NON-AG LAND AND IMPROVEMENTS 105,109,750 1.0375 101,310,602 105,109,750
F1 - COMMERCIAL REAL 2,243,230 N/A 2,243,230 2,243,230
F2 - INDUSTRIAL REAL 24,270,580 N/A 24,270,580 24,270,580
G - ALL MINERALS 48,710,860 1.0044 48,497,471 48,710,860
J - ALL UTILITIES 38,730,290 0.9548 40,563,773 38,730,290
L1 - COMMERCIAL PERSONAL 621,810 N/A 621,810 621,810
L2 - INDUSTRIAL PERSONAL 2,182,700 N/A 2,182,700 2,182,700
M1 - MOBILE HOMES 2,987,660 N/A 2,987,660 2,987,660
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 249,367,710 246,650,144 249,367,710
Less Total Deductions 31,222,510 31,838,570 31,222,510
Total Taxable Value 218,145,200 214,811,574 218,145,200

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
222,060,441 218,145,200 222,060,441 218,145,200 225,350,441


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
3,915,241 0 3,290,000


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
222,060,441 218,145,200 222,060,441 218,145,200 225,350,441

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