taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

170/Montgomery

170-906/Magnolia ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 3,465,026,720 N/A 3,465,026,720 3,465,026,720
B. Multi-Family Residences 71,295,020 N/A 71,295,020 71,295,020
C1. Vacant Lots 156,005,334 N/A 156,005,334 156,005,334
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 19,129,043 N/A 19,129,043 19,129,043
D2. Real Prop Farm & Ranch 867,885 N/A 867,885 867,885
E. Real Prop NonQual Acres 400,899,045 N/A 400,899,045 400,899,045
F1. Commercial Real 358,108,057 N/A 358,108,057 358,108,057
F2. Industrial Real 7,792,940 N/A 7,792,940 7,792,940
G. Oil, Gas, Minerals 38,638,080 N/A 38,638,080 38,638,080
J. Utilities 71,316,060 N/A 71,316,060 71,316,060
L1. Commercial Personal 144,207,529 N/A 144,207,529 144,207,529
L2. Industrial Personal 223,496,706 N/A 223,496,706 223,496,706
M. Other Personal 23,395,082 N/A 23,395,082 23,395,082
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 10,386,700 N/A 10,386,700 10,386,700
S. Special Inventory 490,995 N/A 490,995 490,995
Subtotal 4,991,055,196 4,991,055,196 4,991,055,196
Less Total Deductions 529,978,630   529,978,630 529,978,630
Total Taxable Value 4,461,076,566 4,461,076,566 4,461,076,566 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
4,596,000,157 4,461,076,566 4,596,000,157 4,461,076,566 4,481,148,966 4,481,148,966


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
134,923,591 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
4,596,000,157 4,461,076,566 4,596,000,157 4,461,076,566 4,481,148,966 4,481,148,966

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