taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

039/Clay

039-905/Midway ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 9,271,240 N/A 9,271,240 9,271,240
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) 11,747,460 N/A 11,747,460 11,747,460
D2. Real Prop Farm & Ranch 2,276,850 N/A 2,276,850 2,276,850
E. Real Prop NonQual Acres 24,107,630 N/A 24,107,630 24,107,630
F1. Commercial Real 163,250 N/A 163,250 163,250
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 26,026,980 N/A 26,026,980 26,026,980
J. Utilities 9,076,460 N/A 9,076,460 9,076,460
L1. Commercial Personal 918,270 N/A 918,270 918,270
L2. Industrial Personal 486,420 N/A 486,420 486,420
M. Other Personal 239,000 N/A 239,000 239,000
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 84,438,240 84,438,240 84,438,240
Less Total Deductions 8,733,188   8,733,188 8,733,188
Total Taxable Value 75,705,052 75,705,052 75,705,052 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
77,765,252 75,705,052 77,765,252 75,705,052


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,060,200 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
77,765,252 75,705,052 77,765,252 75,705,052

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

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 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 37,540 N/A 37,540 37,540
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) 764,290 N/A 764,290 764,290
D2. Real Prop Farm & Ranch 337,330 N/A 337,330 337,330
E. Real Prop NonQual Acres 1,860,800 N/A 1,860,800 1,860,800
F1. Commercial Real 0 N/A 0 0
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 1,593,930 N/A 1,593,930 1,593,930
J. Utilities 943,070 N/A 943,070 943,070
L1. Commercial Personal 0 N/A 0 0
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 134,990 N/A 134,990 134,990
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 5,678,260 5,678,260 5,678,260
Less Total Deductions 585,162   585,162 585,162
Total Taxable Value 5,093,098 5,093,098 5,093,098 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
5,194,668 5,093,098 5,194,668 5,093,098


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
101,570 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
5,194,668 5,093,098 5,194,668 5,093,098

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

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

039-905/Midway ISD



Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 9,308,780 N/A 9,308,780 9,308,780
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) 12,511,750 N/A 12,511,750 12,511,750
D2. Real Prop Farm & Ranch 2,614,180 N/A 2,614,180 2,614,180
E. Real Prop NonQual Acres 25,968,430 N/A 25,968,430 25,968,430
F1. Commercial Real 163,250 N/A 163,250 163,250
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 27,620,910 N/A 27,620,910 27,620,910
J. Utilities 10,019,530 N/A 10,019,530 10,019,530
L1. Commercial Personal 918,270 N/A 918,270 918,270
L2. Industrial Personal 486,420 N/A 486,420 486,420
M. Other Personal 373,990 N/A 373,990 373,990
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 90,116,500 90,116,500 90,116,500
Less Total Deductions 9,318,350   9,318,350 9,318,350
Total Taxable Value 80,798,150 80,798,150 80,798,150 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