taxes Property Tax Assistance

2016 ISD Summary Worksheet

070/Ellis

070-908/Midlothian ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 2,480,645,192 .9855 2,517,143,777 2,480,645,192
B. Multi-Family Residences 56,175,770 N/A 56,175,770 56,175,770
C1. Vacant Lots 56,085,790 N/A 56,085,790 56,085,790
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,714,250 1.6992 3,362,913 5,714,250
D2. Real Prop Farm & Ranch 3,429,069 N/A 3,429,069 3,429,069
E. Real Prop NonQual Acres 130,445,765 N/A 130,445,765 130,445,765
F1. Commercial Real 267,156,768 .9444 282,885,184 267,156,768
F2. Industrial Real 829,716,960 N/A 829,716,960 829,716,960
G. Oil, Gas, Minerals 5,926,881 N/A 5,926,881 5,926,881
J. Utilities 98,152,147 N/A 98,152,147 98,152,147
L1. Commercial Personal 209,744,307 1.0323 203,181,543 209,744,307
L2. Industrial Personal 372,216,510 N/A 372,216,510 372,216,510
M. Other Personal 8,016,710 N/A 8,016,710 8,016,710
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 70,420,075 N/A 70,420,075 70,420,075
S. Special Inventory 777,310 N/A 777,310 777,310
Subtotal 4,594,623,504 4,637,936,404 4,594,623,504
Less Total Deductions 1,121,587,631   1,128,392,828 1,121,587,631
Total Taxable Value 3,473,035,873 3,509,543,576 3,473,035,873 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
3,565,925,660 3,473,035,873 3,461,097,038 3,368,207,251


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
92,889,787 104,828,622


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
3,565,925,660 3,473,035,873 3,461,097,038 3,368,207,251

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