taxes Property Tax Assistance

2023 ISD Summary Worksheet

166-Milam/Milam County

166-903/Milano ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 37,138,091 1.0196 36,424,177 37,138,091
B - MULTIFAMILY 29,670 N/A 29,670 29,670
C1 - VACANT LOTS 460,520 N/A 460,520 460,520
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,613,939 1.0501 5,346,291 5,613,939
D2 - FARM & RANCH IMP 6,038,261 N/A 6,038,261 6,038,261
E - NON-AG LAND AND IMPROVEMENTS 169,953,913 0.9471 179,446,640 169,953,913
F1 - COMMERCIAL REAL 6,622,480 N/A 6,622,480 6,622,480
F2 - INDUSTRIAL REAL 55,900 N/A 55,900 55,900
G - ALL MINERALS 2,858,217 N/A 2,858,217 2,858,217
J - ALL UTILITIES 33,620,800 0.9523 35,304,841 33,620,800
L1 - COMMERCIAL PERSONAL 1,641,420 N/A 1,641,420 1,641,420
L2 - INDUSTRIAL PERSONAL 2,062,470 N/A 2,062,470 2,062,470
M1 - MOBILE HOMES 12,457,470 N/A 12,457,470 12,457,470
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 10,820 N/A 10,820 10,820
Subtotal 278,563,971 0 288,759,177 278,563,971
Less Total Deductions 89,889,611 0 88,480,302 89,889,611
Total Taxable Value 188,674,360 0 200,278,875 188,674,360

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 208,197,124 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 188,674,360 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 208,197,124 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 188,674,360 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 218,067,124 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 224,647,124 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 194,145,685 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 208,197,124 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 188,674,360 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 208,197,124 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 188,674,360 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 218,067,124 T13 plus the loss to the chapter 313 agreement
T16 224,647,124 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 194,145,685 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,522,764 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 9,870,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,580,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED

166-903-02/Milano ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 37,138,091 1.0196 36,424,177 37,138,091
B - MULTIFAMILY 29,670 N/A 29,670 29,670
C1 - VACANT LOTS 460,520 N/A 460,520 460,520
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,613,939 1.0501 5,346,291 5,613,939
D2 - FARM & RANCH IMP 6,038,261 N/A 6,038,261 6,038,261
E - NON-AG LAND AND IMPROVEMENTS 169,953,913 0.9471 179,446,640 169,953,913
F1 - COMMERCIAL REAL 6,622,480 N/A 6,622,480 6,622,480
F2 - INDUSTRIAL REAL 55,900 N/A 55,900 55,900
G - ALL MINERALS 2,858,217 N/A 2,858,217 2,858,217
J - ALL UTILITIES 33,620,800 0.9523 35,304,841 33,620,800
L1 - COMMERCIAL PERSONAL 1,641,420 N/A 1,641,420 1,641,420
L2 - INDUSTRIAL PERSONAL 2,062,470 N/A 2,062,470 2,062,470
M1 - MOBILE HOMES 12,457,470 N/A 12,457,470 12,457,470
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 10,820 N/A 10,820 10,820
Subtotal 278,563,971 288,759,177 278,563,971
Less Total Deductions 89,889,611 88,480,302 89,889,611
Total Taxable Value 188,674,360 200,278,875 188,674,360

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 208,197,124 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 188,674,360 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 208,197,124 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 188,674,360 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 218,067,124 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 224,647,124 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 194,145,685 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 208,197,124 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 188,674,360 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 208,197,124 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 188,674,360 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 218,067,124 T13 plus the loss to the chapter 313 agreement
T16 224,647,124 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 194,145,685 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,522,764 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 9,870,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,580,000 Loss to Second Previous Homestead Increase