taxes Property Tax Assistance

2024 ISD Summary Worksheet

Milano ISD (all splits)   Milam County  

166-Milam/Milam County

166-903/Milano ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 43,533,091 N/A 43,533,091 43,533,091
B - MULTIFAMILY 29,890 N/A 29,890 29,890
C1 - VACANT LOTS 353,910 N/A 353,910 353,910
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,035,396 N/A 6,035,396 6,035,396
D2 - FARM & RANCH IMP 7,519,679 N/A 7,519,679 7,519,679
E - NON-AG LAND AND IMPROVEMENTS 203,308,153 N/A 203,308,153 203,308,153
F1 - COMMERCIAL REAL 6,421,490 N/A 6,421,490 6,421,490
F2 - INDUSTRIAL REAL 454,040 N/A 454,040 454,040
G - ALL MINERALS 3,048,994 N/A 3,048,994 3,048,994
J - ALL UTILITIES 33,505,100 N/A 33,505,100 33,505,100
L1 - COMMERCIAL PERSONAL 2,317,020 N/A 2,317,020 2,317,020
L2 - INDUSTRIAL PERSONAL 1,826,680 N/A 1,826,680 1,826,680
M1 - MOBILE HOMES 9,140,560 N/A 9,140,560 9,140,560
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 9,030 N/A 9,030 9,030
Subtotal 317,503,033 0 317,503,033 317,503,033
Less Total Deductions 116,680,485 0 116,680,485 116,680,485
Total Taxable Value 200,822,548 0 200,822,548 200,822,548

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's office 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 school 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 221,318,718 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 200,822,548 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 221,318,718 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 200,822,548 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 231,488,718 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 238,268,718 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 213,452,778 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 221,318,718 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 200,822,548 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 221,318,718 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 200,822,548 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 231,488,718 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 238,268,718 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 213,452,778 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 20,496,170 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,170,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 6,780,000 Loss to the third most recent increase in the state-mandated homestead exemption

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


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166-903-02/Milano ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 43,533,091 N/A 43,533,091 43,533,091
B - MULTIFAMILY 29,890 N/A 29,890 29,890
C1 - VACANT LOTS 353,910 N/A 353,910 353,910
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,035,396 N/A 6,035,396 6,035,396
D2 - FARM & RANCH IMP 7,519,679 N/A 7,519,679 7,519,679
E - NON-AG LAND AND IMPROVEMENTS 203,308,153 N/A 203,308,153 203,308,153
F1 - COMMERCIAL REAL 6,421,490 N/A 6,421,490 6,421,490
F2 - INDUSTRIAL REAL 454,040 N/A 454,040 454,040
G - ALL MINERALS 3,048,994 N/A 3,048,994 3,048,994
J - ALL UTILITIES 33,505,100 N/A 33,505,100 33,505,100
L1 - COMMERCIAL PERSONAL 2,317,020 N/A 2,317,020 2,317,020
L2 - INDUSTRIAL PERSONAL 1,826,680 N/A 1,826,680 1,826,680
M1 - MOBILE HOMES 9,140,560 N/A 9,140,560 9,140,560
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 9,030 N/A 9,030 9,030
Subtotal 317,503,033 317,503,033 317,503,033
Less Total Deductions 116,680,485 116,680,485 116,680,485
Total Taxable Value 200,822,548 200,822,548 200,822,548

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's office 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 school 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 221,318,718 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 200,822,548 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 221,318,718 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 200,822,548 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 231,488,718 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 238,268,718 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 213,452,778 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 221,318,718 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 200,822,548 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 221,318,718 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 200,822,548 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 231,488,718 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 238,268,718 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 213,452,778 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 20,496,170 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,170,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 6,780,000 Loss to the third most recent increase in the state-mandated homestead exemption

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