taxes Property Tax Assistance

2016 ISD Summary Worksheet

125/Jim Wells

125-906/La Gloria ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 123,898 N/A 123,898 123,898
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 0 N/A 0 0
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,178,849 .8634 2,523,704 2,178,849
D2. Real Prop Farm & Ranch 317,320 N/A 317,320 317,320
E. Real Prop NonQual Acres 13,242,445 .8862 14,942,953 13,242,445
F1. Commercial Real 123,828 N/A 123,828 123,828
F2. Industrial Real 22,775,285 N/A 22,775,285 22,775,285
G. Oil, Gas, Minerals 5,524,480 1.0571 5,226,071 5,524,480
J. Utilities 10,504,465 .9749 10,774,915 10,504,465
L1. Commercial Personal 48,256 N/A 48,256 48,256
L2. Industrial Personal 3,622,630 N/A 3,622,630 3,622,630
M. Other Personal 374,541 N/A 374,541 374,541
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 58,835,997 60,853,401 58,835,997
Less Total Deductions 3,260,533   3,260,533 3,260,533
Total Taxable Value 55,575,464 57,592,868 55,575,464 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
56,151,735 55,575,464 56,003,517 55,427,246


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
576,271 148,218


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
56,151,735 55,575,464 56,003,517 55,427,246

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