taxes Property Tax Assistance

2016 ISD Summary Worksheet

145/Leon

145-906/Normangee ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 106,914,920 .9465 112,958,183 112,958,183
B. Multi-Family Residences 268,710 N/A 268,710 268,710
C1. Vacant Lots 15,816,100 .6660 23,747,898 23,747,898
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,905,230 1.2271 3,182,367 3,182,367
D2. Real Prop Farm & Ranch 2,771,050 N/A 2,771,050 2,771,050
E. Real Prop NonQual Acres 59,231,110 .8934 66,298,534 66,298,534
F1. Commercial Real 4,161,430 N/A 4,161,430 4,161,430
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 23,662,480 .9747 24,276,680 24,276,680
J. Utilities 44,349,330 .9641 46,000,757 46,000,757
L1. Commercial Personal 11,027,990 N/A 11,027,990 11,027,990
L2. Industrial Personal 832,240 N/A 832,240 832,240
M. Other Personal 3,065,810 N/A 3,065,810 3,065,810
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 997,420 N/A 997,420 997,420
Subtotal 277,003,820 299,589,069 299,589,069
Less Total Deductions 59,943,151   63,493,420 63,493,420
Total Taxable Value 217,060,669 236,095,649 236,095,649 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
244,751,289 236,095,649 234,182,019 225,526,379


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,655,640 10,569,270


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
244,751,289 236,095,649 234,182,019 225,526,379

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)

154/Madison

145-906/Normangee ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 2,111,180 N/A 2,111,180 2,111,180
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 341,879 N/A 341,879 341,879
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,250,070 .8498 2,647,726 2,250,070
D2. Real Prop Farm & Ranch 6,162,050 .9991 6,167,601 6,162,050
E. Real Prop NonQual Acres 31,276,350 .9947 31,442,998 31,276,350
F1. Commercial Real 1,721,200 N/A 1,721,200 1,721,200
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 16,144,440 1.0510 15,361,028 16,144,440
J. Utilities 16,252,120 .9987 16,273,275 16,252,120
L1. Commercial Personal 528,420 N/A 528,420 528,420
L2. Industrial Personal 547,900 N/A 547,900 547,900
M. Other Personal 355,460 N/A 355,460 355,460
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 319,330 N/A 319,330 319,330
Subtotal 78,010,399 77,817,997 78,010,399
Less Total Deductions 7,430,717   7,430,717 7,430,717
Total Taxable Value 70,579,682 70,387,280 70,579,682 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
71,925,230 70,579,682 70,035,238 68,689,690


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,345,548 1,889,992


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
71,925,230 70,579,682 70,035,238 68,689,690

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

145-906/Normangee ISD



Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 109,026,100 .9475 115,069,363 115,069,363
B. Multi-Family Residences 268,710 N/A 268,710 268,710
C1. Vacant Lots 16,157,979 .6707 24,089,777 24,089,777
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,155,300 1.0558 5,830,093 5,432,437
D2. Real Prop Farm & Ranch 8,933,100 .9994 8,938,651 8,933,100
E. Real Prop NonQual Acres 90,507,460 .9260 97,741,532 97,574,884
F1. Commercial Real 5,882,630 N/A 5,882,630 5,882,630
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 39,806,920 1.0043 39,637,708 40,421,120
J. Utilities 60,601,450 .9731 62,274,032 62,252,877
L1. Commercial Personal 11,556,410 N/A 11,556,410 11,556,410
L2. Industrial Personal 1,380,140 N/A 1,380,140 1,380,140
M. Other Personal 3,421,270 N/A 3,421,270 3,421,270
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,316,750 N/A 1,316,750 1,316,750
Subtotal 355,014,219 377,407,066 377,599,468
Less Total Deductions 67,373,868   70,924,137 70,924,137
Total Taxable Value 287,640,351 306,482,929 306,675,331 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