taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

161/McLennan

161-903/Midway ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 2,351,819,974 N/A 2,351,819,974 2,351,819,974
B. Multi-Family Residences 205,861,724 N/A 205,861,724 205,861,724
C1. Vacant Lots 74,900,069 N/A 74,900,069 74,900,069
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,500,355 N/A 5,500,355 5,500,355
D2. Real Prop Farm & Ranch 2,817,588 N/A 2,817,588 2,817,588
E. Real Prop NonQual Acres 65,387,782 N/A 65,387,782 65,387,782
F1. Commercial Real 591,552,671 N/A 591,552,671 591,552,671
F2. Industrial Real 288,923,083 N/A 288,923,083 288,923,083
G. Oil, Gas, Minerals 23,381 N/A 23,381 23,381
J. Utilities 92,371,120 N/A 92,371,120 92,371,120
L1. Commercial Personal 650,087,260 N/A 650,087,260 650,087,260
L2. Industrial Personal 458,379,530 N/A 458,379,530 458,379,530
M. Other Personal 1,644,320 N/A 1,644,320 1,644,320
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 18,058,452 N/A 18,058,452 18,058,452
S. Special Inventory 14,435,250 N/A 14,435,250 14,435,250
Subtotal 4,821,762,559 4,821,762,559 4,821,762,559
Less Total Deductions 503,030,821   503,030,821 503,030,821
Total Taxable Value 4,318,731,738 4,318,731,738 4,318,731,738 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
4,424,661,021 4,318,731,738 4,424,661,021 4,318,731,738


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
105,929,283 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
4,424,661,021 4,318,731,738 4,424,661,021 4,318,731,738

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