taxes Property Tax Assistance

2016 ISD Summary Worksheet

039/Clay

039-903/Petrolia CISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 69,701,860 .9258 75,288,248 69,701,860
B. Multi-Family Residences 234,630 N/A 234,630 234,630
C1. Vacant Lots 1,648,830 N/A 1,648,830 1,648,830
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,110,860 1.1226 12,569,415 14,110,860
D2. Real Prop Farm & Ranch 3,432,200 N/A 3,432,200 3,432,200
E. Real Prop NonQual Acres 27,320,370 1.0013 27,284,900 27,320,370
F1. Commercial Real 2,938,630 N/A 2,938,630 2,938,630
F2. Industrial Real 22,080 N/A 22,080 22,080
G. Oil, Gas, Minerals 1,401,310 N/A 1,401,310 1,401,310
J. Utilities 32,633,780 1.2507 26,092,412 32,633,780
L1. Commercial Personal 2,365,600 N/A 2,365,600 2,365,600
L2. Industrial Personal 331,250 N/A 331,250 331,250
M. Other Personal 1,311,600 N/A 1,311,600 1,311,600
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 12,480 N/A 12,480 12,480
Subtotal 157,465,480 154,933,585 157,465,480
Less Total Deductions 33,232,949   35,044,164 33,232,949
Total Taxable Value 124,232,531 119,889,421 124,232,531 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
130,999,631 124,232,531 130,999,631 124,232,531


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,767,100 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
130,999,631 124,232,531 130,999,631 124,232,531

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