taxes Property Tax Assistance

2024 ISD Summary Worksheet

Olfen ISD (all splits)   Runnels County  

200-Runnels/Runnels County

200-906/Olfen ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,700 N/A 2,700 2,700
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,156,250 1.3885 2,273,195 3,156,250
D2 - FARM & RANCH IMP 501,790 N/A 501,790 501,790
E - NON-AG LAND AND IMPROVEMENTS 5,825,450 0.8831 6,596,592 5,825,450
F1 - COMMERCIAL REAL 111,800 N/A 111,800 111,800
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 19,703,310 1.0389 18,965,550 19,703,310
L1 - COMMERCIAL PERSONAL 121,240 N/A 121,240 121,240
L2 - INDUSTRIAL PERSONAL 3,840 N/A 3,840 3,840
M1 - MOBILE HOMES 108,340 N/A 108,340 108,340
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 29,534,720 0 28,685,047 29,534,720
Less Total Deductions 3,004,363 0 3,004,363 3,004,363
Total Taxable Value 26,530,357 0 25,680,684 26,530,357

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 27,867,786 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 26,530,357 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 27,867,786 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 26,530,357 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 28,287,786 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 28,567,786 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 26,715,967 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 27,867,786 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 26,530,357 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 27,867,786 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 26,530,357 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 28,287,786 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 28,567,786 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 26,715,967 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 1,337,429 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 420,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 280,000 Loss to the third most recent increase in the state-mandated homestead exemption

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


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200-906-02/Olfen ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,700 N/A 2,700 2,700
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,156,250 1.3885 2,273,195 3,156,250
D2 - FARM & RANCH IMP 501,790 N/A 501,790 501,790
E - NON-AG LAND AND IMPROVEMENTS 5,825,450 0.8831 6,596,592 5,825,450
F1 - COMMERCIAL REAL 111,800 N/A 111,800 111,800
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 19,703,310 1.0389 18,965,550 19,703,310
L1 - COMMERCIAL PERSONAL 121,240 N/A 121,240 121,240
L2 - INDUSTRIAL PERSONAL 3,840 N/A 3,840 3,840
M1 - MOBILE HOMES 108,340 N/A 108,340 108,340
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 29,534,720 28,685,047 29,534,720
Less Total Deductions 3,004,363 3,004,363 3,004,363
Total Taxable Value 26,530,357 25,680,684 26,530,357

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 27,867,786 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 26,530,357 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 27,867,786 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 26,530,357 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 28,287,786 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 28,567,786 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 26,715,967 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 27,867,786 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 26,530,357 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 27,867,786 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 26,530,357 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 28,287,786 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 28,567,786 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 26,715,967 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 1,337,429 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 420,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 280,000 Loss to the third most recent increase in the state-mandated homestead exemption

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