taxes Property Tax Assistance

2016 ISD Summary Worksheet

095/Hale

140-905/Olton ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 0 N/A 0 0
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,687,107 1.0534 10,145,660 10,687,107
D2. Real Prop Farm & Ranch 389,652 N/A 389,652 389,652
E. Real Prop NonQual Acres 5,395,152 .9617 5,610,016 5,395,152
F1. Commercial Real 62,666 N/A 62,666 62,666
F2. Industrial Real 190,408 N/A 190,408 190,408
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 3,078,860 N/A 3,078,860 3,078,860
L1. Commercial Personal 599,060 N/A 599,060 599,060
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 0 N/A 0 0
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 20,402,905 20,076,322 20,402,905
Less Total Deductions 1,409,535   1,409,535 1,409,535
Total Taxable Value 18,993,370 18,666,787 18,993,370 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
19,271,469 18,993,370 19,271,469 18,993,370


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
278,099 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
19,271,469 18,993,370 19,271,469 18,993,370

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

140/Lamb

140-905/Olton ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 31,574,010 .9261 34,093,521 34,093,521
B. Multi-Family Residences 94,960 N/A 94,960 94,960
C1. Vacant Lots 357,750 N/A 357,750 357,750
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 31,492,533 .9434 33,381,462 33,381,462
D2. Real Prop Farm & Ranch 2,098,460 N/A 2,098,460 2,098,460
E. Real Prop NonQual Acres 17,296,380 .7165 24,140,098 24,140,098
F1. Commercial Real 4,836,960 N/A 4,836,960 4,836,960
F2. Industrial Real 9,904,980 N/A 9,904,980 9,904,980
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 13,330,110 N/A 13,330,110 13,330,110
L1. Commercial Personal 7,807,780 .9800 7,967,122 7,967,122
L2. Industrial Personal 2,111,880 N/A 2,111,880 2,111,880
M. Other Personal 1,113,020 N/A 1,113,020 1,113,020
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 490,040 N/A 490,040 490,040
Subtotal 122,508,863 133,920,363 133,920,363
Less Total Deductions 14,621,883   15,407,043 15,407,043
Total Taxable Value 107,886,980 118,513,320 118,513,320 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
121,789,990 118,513,320 121,789,990 118,513,320


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,276,670 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
121,789,990 118,513,320 121,789,990 118,513,320

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)

140-905/Olton ISD



Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 31,574,010 .9261 34,093,521 34,093,521
B. Multi-Family Residences 94,960 N/A 94,960 94,960
C1. Vacant Lots 357,750 N/A 357,750 357,750
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 42,179,640 .9690 43,527,122 44,068,569
D2. Real Prop Farm & Ranch 2,488,112 N/A 2,488,112 2,488,112
E. Real Prop NonQual Acres 22,691,532 .7627 29,750,114 29,535,250
F1. Commercial Real 4,899,626 N/A 4,899,626 4,899,626
F2. Industrial Real 10,095,388 N/A 10,095,388 10,095,388
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 16,408,970 N/A 16,408,970 16,408,970
L1. Commercial Personal 8,406,840 .9814 8,566,182 8,566,182
L2. Industrial Personal 2,111,880 N/A 2,111,880 2,111,880
M. Other Personal 1,113,020 N/A 1,113,020 1,113,020
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 490,040 N/A 490,040 490,040
Subtotal 142,911,768 153,996,685 154,323,268
Less Total Deductions 16,031,418   16,816,578 16,816,578
Total Taxable Value 126,880,350 137,180,107 137,506,690 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