taxes Property Tax Assistance

2016 ISD Summary Worksheet

166/Milam

166-903/Milano ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 15,098,398 .9052 16,679,627 15,098,398
B. Multi-Family Residences 50,990 N/A 50,990 50,990
C1. Vacant Lots 610,800 N/A 610,800 610,800
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,159,854 1.1194 5,502,588 6,159,854
D2. Real Prop Farm & Ranch 4,563,171 N/A 4,563,171 4,563,171
E. Real Prop NonQual Acres 67,238,810 1.0027 67,057,754 67,238,810
F1. Commercial Real 2,226,850 N/A 2,226,850 2,226,850
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 2,017,964 N/A 2,017,964 2,017,964
J. Utilities 18,738,920 1.0102 18,549,713 18,738,920
L1. Commercial Personal 840,780 N/A 840,780 840,780
L2. Industrial Personal 1,462,880 N/A 1,462,880 1,462,880
M. Other Personal 5,719,744 N/A 5,719,744 5,719,744
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 25,660 N/A 25,660 25,660
Subtotal 124,754,821 125,308,521 124,754,821
Less Total Deductions 24,867,885   27,222,717 24,867,885
Total Taxable Value 99,886,936 98,085,804 99,886,936 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
103,375,909 99,886,936 103,375,909 99,886,936


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,488,973 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
103,375,909 99,886,936 103,375,909 99,886,936

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