taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

161/McLennan

161-903/Midway ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 2,286,837,342 .9951 2,298,098,022 2,286,837,342
B. Multi-Family Residences 198,697,543 .9848 201,764,361 198,697,543
C1. Vacant Lots 77,874,447 N/A 77,874,447 77,874,447
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,716,152 1.0287 5,556,491 5,716,152
D2. Real Prop Farm & Ranch 2,716,863 N/A 2,716,863 2,716,863
E. Real Prop NonQual Acres 66,182,179 N/A 66,182,179 66,182,179
F1. Commercial Real 539,482,827 .9945 542,466,392 539,482,827
F2. Industrial Real 274,482,426 N/A 274,482,426 274,482,426
G. Oil, Gas, Minerals 100,618 N/A 100,618 100,618
J. Utilities 70,067,750 N/A 70,067,750 70,067,750
L1. Commercial Personal 569,414,860 .9649 590,128,366 569,414,860
L2. Industrial Personal 477,049,710 N/A 477,049,710 477,049,710
M. Other Personal 1,728,643 N/A 1,728,643 1,728,643
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 19,505,723 N/A 19,505,723 19,505,723
S. Special Inventory 10,167,210 N/A 10,167,210 10,167,210
Subtotal 4,600,024,293 4,637,889,201 4,600,024,293
Less Total Deductions 415,669,224   418,712,632 415,669,224
Total Taxable Value 4,184,355,069 4,219,176,569 4,184,355,069 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
4,288,893,051 4,184,355,069 4,288,893,051 4,184,355,069 4,211,127,190 4,211,127,190


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
104,537,982 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
4,288,893,051 4,184,355,069 4,288,893,051 4,184,355,069 4,211,127,190 4,211,127,190

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