taxes Property Tax Assistance

2023 ISD Summary Worksheet

161-McLennan/McLennan County

161-903/Midway ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 5,906,773,770 N/A 5,906,773,770 5,906,773,770
B - MULTIFAMILY 417,240,951 N/A 417,240,951 417,240,951
C1 - VACANT LOTS 111,684,590 N/A 111,684,590 111,684,590
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,715,510 N/A 5,715,510 5,715,510
D2 - FARM & RANCH IMP 5,679,698 N/A 5,679,698 5,679,698
E - NON-AG LAND AND IMPROVEMENTS 148,309,338 N/A 148,309,338 148,309,338
F1 - COMMERCIAL REAL 1,195,508,219 N/A 1,195,508,219 1,195,508,219
F2 - INDUSTRIAL REAL 571,960,998 N/A 571,960,998 571,960,998
G - ALL MINERALS 1,105 N/A 1,105 1,105
J - ALL UTILITIES 129,485,790 N/A 129,485,790 129,485,790
L1 - COMMERCIAL PERSONAL 681,275,110 N/A 681,275,110 681,275,110
L2 - INDUSTRIAL PERSONAL 1,383,371,420 N/A 1,383,371,420 1,383,371,420
M1 - MOBILE HOMES 3,325,192 N/A 3,325,192 3,325,192
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 32,986,657 N/A 32,986,657 32,986,657
S - SPECIAL INVENTORY 27,566,040 N/A 27,566,040 27,566,040
Subtotal 10,620,884,388 0 10,620,884,388 10,620,884,388
Less Total Deductions 2,703,898,007 0 2,703,898,007 2,703,898,007
Total Taxable Value 7,916,986,381 0 7,916,986,381 7,916,986,381

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 8,655,044,318 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 7,916,986,381 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 8,655,044,318 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 7,916,986,381 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 8,842,319,318 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 8,967,169,318 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 8,274,744,793 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 8,655,044,318 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 7,916,986,381 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 8,655,044,318 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 7,916,986,381 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 8,842,319,318 T13 plus the loss to the chapter 313 agreement
T16 8,967,169,318 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 8,274,744,793 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 738,057,937 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 187,275,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 124,850,000 Loss to Second Previous Homestead Increase

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

161-903-02/Midway ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 5,906,773,770 N/A 5,906,773,770 5,906,773,770
B - MULTIFAMILY 417,240,951 N/A 417,240,951 417,240,951
C1 - VACANT LOTS 111,684,590 N/A 111,684,590 111,684,590
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,715,510 N/A 5,715,510 5,715,510
D2 - FARM & RANCH IMP 5,679,698 N/A 5,679,698 5,679,698
E - NON-AG LAND AND IMPROVEMENTS 148,309,338 N/A 148,309,338 148,309,338
F1 - COMMERCIAL REAL 1,195,508,219 N/A 1,195,508,219 1,195,508,219
F2 - INDUSTRIAL REAL 571,960,998 N/A 571,960,998 571,960,998
G - ALL MINERALS 1,105 N/A 1,105 1,105
J - ALL UTILITIES 129,485,790 N/A 129,485,790 129,485,790
L1 - COMMERCIAL PERSONAL 681,275,110 N/A 681,275,110 681,275,110
L2 - INDUSTRIAL PERSONAL 1,383,371,420 N/A 1,383,371,420 1,383,371,420
M1 - MOBILE HOMES 3,325,192 N/A 3,325,192 3,325,192
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 32,986,657 N/A 32,986,657 32,986,657
S - SPECIAL INVENTORY 27,566,040 N/A 27,566,040 27,566,040
Subtotal 10,620,884,388 10,620,884,388 10,620,884,388
Less Total Deductions 2,703,898,007 2,703,898,007 2,703,898,007
Total Taxable Value 7,916,986,381 7,916,986,381 7,916,986,381

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 8,655,044,318 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 7,916,986,381 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 8,655,044,318 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 7,916,986,381 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 8,842,319,318 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 8,967,169,318 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 8,274,744,793 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 8,655,044,318 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 7,916,986,381 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 8,655,044,318 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 7,916,986,381 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 8,842,319,318 T13 plus the loss to the chapter 313 agreement
T16 8,967,169,318 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 8,274,744,793 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 738,057,937 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 187,275,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 124,850,000 Loss to Second Previous Homestead Increase