taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

039/Clay

039-905/Midway ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 7,065,580 .9869 7,159,368 7,065,580
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 130,240 N/A 130,240 130,240
D. Rural Real(Taxable) 37,726,330 .9890 38,146,411 37,726,330
F1. Commercial Real 112,700 N/A 112,700 112,700
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 46,263,510 .9842 47,006,208 46,263,510
J. Utilities 8,201,090 .9841 8,333,594 8,201,090
L1. Commercial Personal 604,090 N/A 604,090 604,090
L2. Industrial Personal 494,740 N/A 494,740 494,740
M. Other Personal 1,863,870 N/A 1,863,870 1,863,870
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 102,462,150 103,851,221 102,462,150
Less Total Deductions 6,714,688   6,807,936 6,714,688
Total Taxable Value 95,747,462 97,043,285 95,747,462 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 26,135,320 1.0055 25,992,362
Prod Value Qualified Acres 11,591,010 .9537 12,154,049
Taxable Value 37,726,330   38,146,411

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
98,098,462 95,747,462 98,098,462 95,747,462 96,261,789 96,261,789


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,351,000 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
98,098,462 95,747,462 98,098,462 95,747,462 96,261,789 96,261,789

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified

119/Jack

039-905/Midway ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 74,110 N/A 74,110 74,110
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 5,050 N/A 5,050 5,050
D. Rural Real(Taxable) 2,665,130 N/A 2,665,130 2,665,130
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 1,580,210 N/A 1,580,210 1,580,210
J. Utilities 768,460 N/A 768,460 768,460
L1. Commercial Personal 0 N/A 0 0
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 58,550 N/A 58,550 58,550
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 5,151,510 5,151,510 5,151,510
Less Total Deductions 532,004   532,004 532,004
Total Taxable Value 4,619,506 4,619,506 4,619,506 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 1,857,580 N/A 1,857,580
Prod Value Qualified Acres 807,550 N/A 807,550
Taxable Value 2,665,130   2,665,130

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
4,807,146 4,619,506 4,807,146 4,619,506 4,620,468 4,620,468


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
187,640 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
4,807,146 4,619,506 4,807,146 4,619,506 4,620,468 4,620,468

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified

039-905/Midway ISD



Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 7,139,690 .9870 7,233,478 7,139,690
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 135,290 N/A 135,290 135,290
D. Rural Real(Taxable) 40,391,460 .9897 40,811,541 40,391,460
F1. Commercial Real 112,700 N/A 112,700 112,700
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 47,843,720 .9847 48,586,418 47,843,720
J. Utilities 8,969,550 .9854 9,102,054 8,969,550
L1. Commercial Personal 604,090 N/A 604,090 604,090
L2. Industrial Personal 494,740 N/A 494,740 494,740
M. Other Personal 1,922,420 N/A 1,922,420 1,922,420
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 107,613,660 109,002,731 107,613,660
Less Total Deductions 7,246,692   7,339,940 7,246,692
Total Taxable Value 100,366,968 101,662,791 100,366,968 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 27,992,900 1.0051 27,849,942
Prod Value Qualified Acres 12,398,560 .9566 12,961,599
Taxable Value 40,391,460   40,811,541

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