taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

165/Midland

165-901/Midland ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 8,122,654,490 N/A 8,122,654,490 8,122,654,490
B. Multi-Family Residences 658,867,810 N/A 658,867,810 658,867,810
C1. Vacant Lots 280,107,025 N/A 280,107,025 280,107,025
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,229,770 N/A 10,229,770 10,229,770
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 331,434,340 N/A 331,434,340 331,434,340
F1. Commercial Real 2,600,149,560 N/A 2,600,149,560 2,600,149,560
F2. Industrial Real 389,720,580 N/A 389,720,580 389,720,580
G. Oil, Gas, Minerals 3,658,440,946 N/A 3,658,440,946 3,658,440,946
J. Utilities 526,365,930 N/A 526,365,930 526,365,930
L1. Commercial Personal 1,256,857,440 N/A 1,256,857,440 1,256,857,440
L2. Industrial Personal 3,877,784,060 N/A 3,877,784,060 3,877,784,060
M. Other Personal 68,849,750 N/A 68,849,750 68,849,750
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 6,337,240 N/A 6,337,240 6,337,240
S. Special Inventory 62,070,490 N/A 62,070,490 62,070,490
Subtotal 21,849,869,431 21,849,869,431 21,849,869,431
Less Total Deductions 1,665,979,652   1,665,979,652 1,665,979,652
Total Taxable Value 20,183,889,779 20,183,889,779 20,183,889,779 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
20,445,633,181 20,183,889,779 20,154,288,840 19,892,545,438


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
261,743,402 291,344,341


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
20,445,633,181 20,183,889,779 20,154,288,840 19,892,545,438

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