taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

170/Montgomery

170-906/Magnolia ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 3,909,986,545 .9021 4,334,316,090 3,909,986,545
B. Multi-Family Residences 137,106,010 N/A 137,106,010 137,106,010
C1. Vacant Lots 179,365,109 N/A 179,365,109 179,365,109
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 18,321,464 1.0111 18,120,768 18,321,464
D2. Real Prop Farm & Ranch 840,205 N/A 840,205 840,205
E. Real Prop NonQual Acres 449,553,592 .9035 497,569,001 449,553,592
F1. Commercial Real 406,619,417 .9936 409,238,544 406,619,417
F2. Industrial Real 7,854,910 N/A 7,854,910 7,854,910
G. Oil, Gas, Minerals 28,151,940 N/A 28,151,940 28,151,940
J. Utilities 77,240,480 N/A 77,240,480 77,240,480
L1. Commercial Personal 167,296,740 N/A 167,296,740 167,296,740
L2. Industrial Personal 278,701,220 N/A 278,701,220 278,701,220
M. Other Personal 26,775,484 N/A 26,775,484 26,775,484
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 9,041,670 N/A 9,041,670 9,041,670
S. Special Inventory 532,748 N/A 532,748 532,748
Subtotal 5,697,387,534 6,172,150,919 5,697,387,534
Less Total Deductions 768,385,839   879,835,204 768,385,839
Total Taxable Value 4,929,001,695 5,292,315,715 4,929,001,695 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
5,056,909,451 4,929,001,695 5,056,909,451 4,929,001,695


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
127,907,756 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
5,056,909,451 4,929,001,695 5,056,909,451 4,929,001,695

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 invalid, but local value was certified because your school district is in year one of the grace period.