taxes Property Tax Assistance

2023 ISD Summary Worksheet

200-Runnels/Runnels County

200-906/Olfen ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,590 N/A 2,590 2,590
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,010,480 N/A 3,010,480 3,010,480
D2 - FARM & RANCH IMP 506,710 N/A 506,710 506,710
E - NON-AG LAND AND IMPROVEMENTS 5,412,880 N/A 5,412,880 5,412,880
F1 - COMMERCIAL REAL 96,910 N/A 96,910 96,910
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 20,316,170 N/A 20,316,170 20,316,170
L1 - COMMERCIAL PERSONAL 115,880 N/A 115,880 115,880
L2 - INDUSTRIAL PERSONAL 12,100 N/A 12,100 12,100
M1 - MOBILE HOMES 102,780 N/A 102,780 102,780
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 29,576,500 0 29,576,500 29,576,500
Less Total Deductions 2,862,341 0 2,862,341 2,862,341
Total Taxable Value 26,714,159 0 26,714,159 26,714,159

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 28,041,589 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 26,714,159 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 28,041,589 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 26,714,159 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 28,476,589 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 28,766,589 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 26,845,130 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 28,041,589 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 26,714,159 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 28,041,589 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 26,714,159 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 28,476,589 T13 plus the loss to the chapter 313 agreement
T16 28,766,589 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 26,845,130 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,327,430 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 435,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 290,000 Loss to Second Previous Homestead Increase

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

200-906-02/Olfen ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,590 N/A 2,590 2,590
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,010,480 N/A 3,010,480 3,010,480
D2 - FARM & RANCH IMP 506,710 N/A 506,710 506,710
E - NON-AG LAND AND IMPROVEMENTS 5,412,880 N/A 5,412,880 5,412,880
F1 - COMMERCIAL REAL 96,910 N/A 96,910 96,910
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 20,316,170 N/A 20,316,170 20,316,170
L1 - COMMERCIAL PERSONAL 115,880 N/A 115,880 115,880
L2 - INDUSTRIAL PERSONAL 12,100 N/A 12,100 12,100
M1 - MOBILE HOMES 102,780 N/A 102,780 102,780
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 29,576,500 29,576,500 29,576,500
Less Total Deductions 2,862,341 2,862,341 2,862,341
Total Taxable Value 26,714,159 26,714,159 26,714,159

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 28,041,589 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 26,714,159 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 28,041,589 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 26,714,159 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 28,476,589 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 28,766,589 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 26,845,130 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 28,041,589 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 26,714,159 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 28,041,589 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 26,714,159 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 28,476,589 T13 plus the loss to the chapter 313 agreement
T16 28,766,589 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 26,845,130 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,327,430 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 435,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 290,000 Loss to Second Previous Homestead Increase