taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

039/Clay

039-905/Midway ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 9,333,520 .9680 9,642,066 9,333,520
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 124,680 N/A 124,680 124,680
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,633,300 1.1041 10,536,608 11,633,300
D2. Real Prop Farm & Ranch 2,391,750 N/A 2,391,750 2,391,750
E. Real Prop NonQual Acres 24,629,580 1.0209 24,125,360 24,629,580
F1. Commercial Real 85,790 N/A 85,790 85,790
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 41,143,040 .9926 41,449,768 41,143,040
J. Utilities 9,070,170 .9861 9,198,023 9,070,170
L1. Commercial Personal 700,370 N/A 700,370 700,370
L2. Industrial Personal 498,280 N/A 498,280 498,280
M. Other Personal 229,560 N/A 229,560 229,560
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 99,840,040 98,982,255 99,840,040
Less Total Deductions 6,776,433   7,019,300 6,776,433
Total Taxable Value 93,063,607 91,962,955 93,063,607 T2

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
95,355,047 93,063,607 95,355,047 93,063,607 93,539,857 93,539,857


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,291,440 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
95,355,047 93,063,607 95,355,047 93,063,607 93,539,857 93,539,857

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 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 38,580 N/A 38,580 38,580
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 6,310 N/A 6,310 6,310
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 734,110 N/A 734,110 734,110
D2. Real Prop Farm & Ranch 324,210 N/A 324,210 324,210
E. Real Prop NonQual Acres 1,649,790 N/A 1,649,790 1,649,790
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 1,271,360 N/A 1,271,360 1,271,360
J. Utilities 966,850 N/A 966,850 966,850
L1. Commercial Personal 0 N/A 0 0
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 55,360 N/A 55,360 55,360
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 5,046,570 5,046,570 5,046,570
Less Total Deductions 494,745   494,745 494,745
Total Taxable Value 4,551,825 4,551,825 4,551,825 T2

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
4,736,115 4,551,825 4,736,115 4,551,825 4,551,825 4,551,825


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
184,290 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
4,736,115 4,551,825 4,736,115 4,551,825 4,551,825 4,551,825

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 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 9,372,100 .9681 9,680,646 9,372,100
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 130,990 N/A 130,990 130,990
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 12,367,410 1.0973 11,270,718 12,367,410
D2. Real Prop Farm & Ranch 2,715,960 N/A 2,715,960 2,715,960
E. Real Prop NonQual Acres 26,279,370 1.0196 25,775,150 26,279,370
F1. Commercial Real 85,790 N/A 85,790 85,790
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 42,414,400 .9928 42,721,128 42,414,400
J. Utilities 10,037,020 .9874 10,164,873 10,037,020
L1. Commercial Personal 700,370 N/A 700,370 700,370
L2. Industrial Personal 498,280 N/A 498,280 498,280
M. Other Personal 284,920 N/A 284,920 284,920
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 104,886,610 104,028,825 104,886,610
Less Total Deductions 7,271,178   7,514,045 7,271,178
Total Taxable Value 97,615,432 96,514,780 97,615,432 T2

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