taxes Property Tax Assistance

2016 ISD Summary Worksheet

245/Willacy

245-901/Lasara ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 13,184,848 .7491 17,600,918 13,184,848
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,157,031 N/A 1,157,031 1,157,031
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,902,996 .9131 8,655,590 7,902,996
D2. Real Prop Farm & Ranch 511,259 N/A 511,259 511,259
E. Real Prop NonQual Acres 9,687,751 .9975 9,712,031 9,687,751
F1. Commercial Real 1,324,745 N/A 1,324,745 1,324,745
F2. Industrial Real 7,000 N/A 7,000 7,000
G. Oil, Gas, Minerals 3,787,570 1.0338 3,663,736 3,787,570
J. Utilities 4,157,010 1.0463 3,973,057 4,157,010
L1. Commercial Personal 165,819 N/A 165,819 165,819
L2. Industrial Personal 990,320 N/A 990,320 990,320
M. Other Personal 174,522 N/A 174,522 174,522
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 43,050,871 47,936,028 43,050,871
Less Total Deductions 7,784,898   9,283,082 7,784,898
Total Taxable Value 35,265,973 38,652,946 35,265,973 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
37,241,742 35,265,973 37,241,742 35,265,973


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,975,769 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
37,241,742 35,265,973 37,241,742 35,265,973

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 two of the grace period.