taxes Property Tax Assistance

2023 ISD Summary Worksheet

La Vega ISD (all splits)   McLennan County  

161-McLennan/McLennan County

161-906/La Vega ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 649,291,391 N/A 649,291,391 649,291,391
B - MULTIFAMILY 32,144,886 N/A 32,144,886 32,144,886
C1 - VACANT LOTS 27,374,761 N/A 27,374,761 27,374,761
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,589,890 N/A 1,589,890 1,589,890
D2 - FARM & RANCH IMP 1,267,970 N/A 1,267,970 1,267,970
E - NON-AG LAND AND IMPROVEMENTS 41,358,372 N/A 41,358,372 41,358,372
F1 - COMMERCIAL REAL 385,197,065 N/A 385,197,065 385,197,065
F2 - INDUSTRIAL REAL 166,068,018 N/A 166,068,018 166,068,018
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 57,425,026 N/A 57,425,026 57,425,026
L1 - COMMERCIAL PERSONAL 300,226,120 N/A 300,226,120 300,226,120
L2 - INDUSTRIAL PERSONAL 85,632,270 N/A 85,632,270 85,632,270
M1 - MOBILE HOMES 9,065,197 N/A 9,065,197 9,065,197
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 7,346,320 N/A 7,346,320 7,346,320
S - SPECIAL INVENTORY 892,240 N/A 892,240 892,240
Subtotal 1,764,879,526 0 1,764,879,526 1,764,879,526
Less Total Deductions 379,778,666 0 379,778,666 379,778,666
Total Taxable Value 1,385,100,860 0 1,385,100,860 1,385,100,860

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 1,491,984,063 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,385,100,860 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 1,491,984,063 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,385,100,860 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,526,094,063 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 1,548,834,063 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 1,400,893,306 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 1,491,984,063 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,385,100,860 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 1,491,984,063 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,385,100,860 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,526,094,063 T13 plus the loss to the chapter 313 agreement
T16 1,548,834,063 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 1,400,893,306 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 106,883,203 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 34,110,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 22,740,000 Loss to Second Previous Homestead Increase

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


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161-906-02/La Vega ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 649,291,391 N/A 649,291,391 649,291,391
B - MULTIFAMILY 32,144,886 N/A 32,144,886 32,144,886
C1 - VACANT LOTS 27,374,761 N/A 27,374,761 27,374,761
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,589,890 N/A 1,589,890 1,589,890
D2 - FARM & RANCH IMP 1,267,970 N/A 1,267,970 1,267,970
E - NON-AG LAND AND IMPROVEMENTS 41,358,372 N/A 41,358,372 41,358,372
F1 - COMMERCIAL REAL 385,197,065 N/A 385,197,065 385,197,065
F2 - INDUSTRIAL REAL 166,068,018 N/A 166,068,018 166,068,018
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 57,425,026 N/A 57,425,026 57,425,026
L1 - COMMERCIAL PERSONAL 300,226,120 N/A 300,226,120 300,226,120
L2 - INDUSTRIAL PERSONAL 85,632,270 N/A 85,632,270 85,632,270
M1 - MOBILE HOMES 9,065,197 N/A 9,065,197 9,065,197
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 7,346,320 N/A 7,346,320 7,346,320
S - SPECIAL INVENTORY 892,240 N/A 892,240 892,240
Subtotal 1,764,879,526 1,764,879,526 1,764,879,526
Less Total Deductions 379,778,666 379,778,666 379,778,666
Total Taxable Value 1,385,100,860 1,385,100,860 1,385,100,860

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 1,491,984,063 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,385,100,860 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 1,491,984,063 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,385,100,860 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,526,094,063 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 1,548,834,063 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 1,400,893,306 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 1,491,984,063 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,385,100,860 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 1,491,984,063 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,385,100,860 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,526,094,063 T13 plus the loss to the chapter 313 agreement
T16 1,548,834,063 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 1,400,893,306 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 106,883,203 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 34,110,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 22,740,000 Loss to Second Previous Homestead Increase

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