taxes Property Tax Assistance

2016 ISD Summary Worksheet

248/Winkler

248-901/Kermit ISD

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


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 107,627,663 .7065 152,339,226 107,627,663
B. Multi-Family Residences 1,640,450 N/A 1,640,450 1,640,450
C1. Vacant Lots 822,650 N/A 822,650 822,650
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 741,549 .5574 1,330,427 741,549
D2. Real Prop Farm & Ranch 244,347 N/A 244,347 244,347
E. Real Prop NonQual Acres 7,556,123 N/A 7,556,123 7,556,123
F1. Commercial Real 29,441,996 .9224 31,918,903 29,441,996
F2. Industrial Real 101,583,250 N/A 101,583,250 101,583,250
G. Oil, Gas, Minerals 151,738,768 .9949 152,516,603 151,738,768
J. Utilities 93,316,020 .9489 98,341,258 93,316,020
L1. Commercial Personal 12,632,610 N/A 12,632,610 12,632,610
L2. Industrial Personal 122,109,760 N/A 122,109,760 122,109,760
M. Other Personal 2,154,200 N/A 2,154,200 2,154,200
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 631,609,386 685,189,807 631,609,386
Less Total Deductions 126,143,892   138,173,844 126,143,892
Total Taxable Value 505,465,494 547,015,963 505,465,494 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
517,415,622 505,465,494 510,723,678 498,773,550


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,950,128 6,691,944


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
592,864,812 580,914,684 586,172,868 574,222,740

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.