taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

169/Montague

169-908/Montague ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 9,492,500 .9944 9,545,957 9,492,500
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 235,100 N/A 235,100 235,100
D. Rural Real(Taxable) 16,264,589 .9875 16,470,503 16,264,589
F1. Commercial Real 1,166,330 N/A 1,166,330 1,166,330
F2. Industrial Real 48,880 N/A 48,880 48,880
G. Oil, Gas, Minerals 8,739,310 1.0157 8,604,224 8,739,310
J. Utilities 2,221,110 N/A 2,221,110 2,221,110
L1. Commercial Personal 436,890 N/A 436,890 436,890
L2. Industrial Personal 1,657,040 N/A 1,657,040 1,657,040
M. Other Personal 396,380 N/A 396,380 396,380
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 40,658,129 40,782,414 40,658,129
Less Total Deductions 5,133,772   5,166,379 5,133,772
Total Taxable Value 35,524,357 35,616,035 35,524,357 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 15,159,990 .9837 15,411,192
Prod Value Qualified Acres 1,104,599 1.0428 1,059,311
Taxable Value 16,264,589   16,470,503

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
37,109,187 35,524,357 37,109,187 35,524,357 35,841,109 35,841,109


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,584,830 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
37,109,187 35,524,357 37,109,187 35,524,357 35,841,109 35,841,109

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