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	3.3138	4,579,854	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	13,459,011,092	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	10,895,797,657	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

T1	T2	T3	T4	T13
10,661,970,703	10,428,948,119	10,661,970,703	10,428,948,119	10,838,540,703

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
233,022,584	0	176,570,000

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
10,661,970,703	10,428,948,119	10,661,970,703	10,428,948,119	10,838,540,703

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

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	3.3138	4,579,854	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		13,459,011,092	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		10,895,797,657	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

T1	T2	T3	T4	T13
10,661,970,703	10,428,948,119	10,661,970,703	10,428,948,119	10,838,540,703

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
233,022,584	0	176,570,000

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
10,661,970,703	10,428,948,119	10,661,970,703	10,428,948,119	10,838,540,703

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