taxes Property Tax Assistance

2022 ISD Summary Worksheet

170-Montgomery/Montgomery County

170-906/Magnolia ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 9,073,240,530 0.9824 9,235,790,442 9,073,240,530
B - MULTIFAMILY 425,386,130 0.9075 468,745,047 425,386,130
C1 - VACANT LOTS 574,734,616 0.7979 720,309,081 574,734,616
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,176,566 3.3146 4,578,730 15,176,566
D2 - FARM & RANCH IMP 1,162,980 N/A 1,162,980 1,162,980
E - NON-AG LAND AND IMPROVEMENTS 1,032,759,191 0.9777 1,056,315,016 1,032,759,191
F1 - COMMERCIAL REAL 1,143,978,888 0.8751 1,307,255,043 1,143,978,888
F2 - INDUSTRIAL REAL 76,385,068 N/A 76,385,068 76,385,068
G - ALL MINERALS 11,238,250 N/A 11,238,250 11,238,250
J - ALL UTILITIES 108,688,539 N/A 108,688,539 108,688,539
L1 - COMMERCIAL PERSONAL 240,871,279 N/A 240,871,279 240,871,279
L2 - INDUSTRIAL PERSONAL 58,751,813 N/A 58,751,813 58,751,813
M1 - MOBILE HOMES 77,231,879 N/A 77,231,879 77,231,879
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 90,723,920 N/A 90,723,920 90,723,920
S - SPECIAL INVENTORY 962,881 N/A 962,881 962,881
Subtotal 12,931,292,530 0 13,459,009,968 12,931,292,530
Less Total Deductions 2,502,344,411 0 2,563,213,435 2,502,344,411
Total Taxable Value 10,428,948,119 0 10,895,796,533 10,428,948,119

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

Measure Value Description
T1 10,661,970,703 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 10,428,948,119 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 10,661,970,703 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 10,428,948,119 T2 minus 50% of the loss to the local optional percentage homestead exemption
T15 10,838,540,703 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 10,661,970,703 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 10,428,948,119 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 10,661,970,703 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 10,428,948,119 T8 minus 50% of the loss to the local optional percentage homestead exemption
T16 10,838,540,703 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 233,022,584 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 176,570,000 Loss to the previous increase in the state-mandated homestead

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

170-906-02/Magnolia ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 9,073,240,530 0.9824 9,235,790,442 9,073,240,530
B - MULTIFAMILY 425,386,130 0.9075 468,745,047 425,386,130
C1 - VACANT LOTS 574,734,616 0.7979 720,309,081 574,734,616
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,176,566 3.3146 4,578,730 15,176,566
D2 - FARM & RANCH IMP 1,162,980 N/A 1,162,980 1,162,980
E - NON-AG LAND AND IMPROVEMENTS 1,032,759,191 0.9777 1,056,315,016 1,032,759,191
F1 - COMMERCIAL REAL 1,143,978,888 0.8751 1,307,255,043 1,143,978,888
F2 - INDUSTRIAL REAL 76,385,068 N/A 76,385,068 76,385,068
G - ALL MINERALS 11,238,250 N/A 11,238,250 11,238,250
J - ALL UTILITIES 108,688,539 N/A 108,688,539 108,688,539
L1 - COMMERCIAL PERSONAL 240,871,279 N/A 240,871,279 240,871,279
L2 - INDUSTRIAL PERSONAL 58,751,813 N/A 58,751,813 58,751,813
M1 - MOBILE HOMES 77,231,879 N/A 77,231,879 77,231,879
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 90,723,920 N/A 90,723,920 90,723,920
S - SPECIAL INVENTORY 962,881 N/A 962,881 962,881
Subtotal 12,931,292,530 13,459,009,968 12,931,292,530
Less Total Deductions 2,502,344,411 2,563,213,435 2,502,344,411
Total Taxable Value 10,428,948,119 10,895,796,533 10,428,948,119

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

Measure Value Description
T1 10,661,970,703 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 10,428,948,119 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 10,661,970,703 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 10,428,948,119 T2 minus 50% of the loss to the local optional percentage homestead exemption
T15 10,838,540,703 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 10,661,970,703 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 10,428,948,119 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 10,661,970,703 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 10,428,948,119 T8 minus 50% of the loss to the local optional percentage homestead exemption
T16 10,838,540,703 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 233,022,584 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 176,570,000 Loss to the previous increase in the state-mandated homestead