taxes Property Tax Assistance

2016 ISD Summary Worksheet

109/Hill

109-907/Itasca ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 53,556,691 .9760 54,873,659 53,556,691
B. Multi-Family Residences 416,630 N/A 416,630 416,630
C1. Vacant Lots 1,406,398 N/A 1,406,398 1,406,398
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,959,532 .7321 14,969,394 10,959,532
D2. Real Prop Farm & Ranch 5,389,380 N/A 5,389,380 5,389,380
E. Real Prop NonQual Acres 63,343,506 1.0194 62,138,028 63,343,506
F1. Commercial Real 10,405,810 .9462 10,997,474 10,405,810
F2. Industrial Real 3,290,910 N/A 3,290,910 3,290,910
G. Oil, Gas, Minerals 9,608,376 .9748 9,856,767 9,608,376
J. Utilities 29,968,690 .8626 34,742,279 29,968,690
L1. Commercial Personal 20,254,160 1.0021 20,211,715 20,254,160
L2. Industrial Personal 2,697,400 N/A 2,697,400 2,697,400
M. Other Personal 1,512,140 N/A 1,512,140 1,512,140
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 307,290 N/A 307,290 307,290
Subtotal 213,116,913 222,809,464 213,116,913
Less Total Deductions 31,335,594   32,147,245 31,335,594
Total Taxable Value 181,781,319 190,662,219 181,781,319 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
188,603,388 181,781,319 188,603,388 181,781,319


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,822,069 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
188,603,388 181,781,319 188,603,388 181,781,319

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