taxes Property Tax Assistance

2022 ISD Summary Worksheet

Olfen ISD (all splits)   Runnels County  

200-Runnels/Runnels County

200-906/Olfen ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,360 N/A 2,360 2,360
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,887,110 1.3366 2,160,107 2,887,110
D2 - FARM & RANCH IMP 446,590 N/A 446,590 446,590
E - NON-AG LAND AND IMPROVEMENTS 5,097,260 0.8978 5,677,501 5,097,260
F1 - COMMERCIAL REAL 92,440 N/A 92,440 92,440
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,939,600 0.9896 6,002,021 5,939,600
L1 - COMMERCIAL PERSONAL 121,110 N/A 121,110 121,110
L2 - INDUSTRIAL PERSONAL 2,880 N/A 2,880 2,880
M1 - MOBILE HOMES 106,300 N/A 106,300 106,300
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 14,695,650 0 14,611,309 14,695,650
Less Total Deductions 1,910,461 0 1,910,461 1,910,461
Total Taxable Value 12,785,189 0 12,700,848 12,785,189

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's office 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 school 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 13,251,329 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,785,189 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 13,251,329 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,785,189 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 13,571,329 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 13,251,329 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,785,189 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 13,251,329 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,785,189 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 13,571,329 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 466,140 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 320,000 Loss to the second most recent increase in the state-mandated homestead exemption

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


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200-906-02/Olfen ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,360 N/A 2,360 2,360
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,887,110 1.3366 2,160,107 2,887,110
D2 - FARM & RANCH IMP 446,590 N/A 446,590 446,590
E - NON-AG LAND AND IMPROVEMENTS 5,097,260 0.8978 5,677,501 5,097,260
F1 - COMMERCIAL REAL 92,440 N/A 92,440 92,440
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,939,600 0.9896 6,002,021 5,939,600
L1 - COMMERCIAL PERSONAL 121,110 N/A 121,110 121,110
L2 - INDUSTRIAL PERSONAL 2,880 N/A 2,880 2,880
M1 - MOBILE HOMES 106,300 N/A 106,300 106,300
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 14,695,650 14,611,309 14,695,650
Less Total Deductions 1,910,461 1,910,461 1,910,461
Total Taxable Value 12,785,189 12,700,848 12,785,189

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's office 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 school 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 13,251,329 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,785,189 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 13,251,329 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,785,189 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 13,571,329 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 13,251,329 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,785,189 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 13,251,329 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,785,189 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 13,571,329 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 466,140 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 320,000 Loss to the second most recent increase in the state-mandated homestead exemption

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