taxes Property Tax Assistance

2016 ISD Summary Worksheet

164/Menard

164-901/Menard 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 33,222,220 .9225 36,013,247 33,222,220
B. Multi-Family Residences 515,320 N/A 515,320 515,320
C1. Vacant Lots 2,899,590 N/A 2,899,590 2,899,590
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 26,547,180 .8057 32,947,975 26,547,180
D2. Real Prop Farm & Ranch 22,943,600 .9721 23,602,099 22,943,600
E. Real Prop NonQual Acres 39,549,110 .8439 46,864,688 39,549,110
F1. Commercial Real 6,951,300 N/A 6,951,300 6,951,300
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 9,632,950 1.0492 9,181,233 9,632,950
J. Utilities 32,198,700 .8735 36,861,706 32,198,700
L1. Commercial Personal 3,699,500 N/A 3,699,500 3,699,500
L2. Industrial Personal 2,057,390 N/A 2,057,390 2,057,390
M. Other Personal 1,422,100 N/A 1,422,100 1,422,100
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 181,638,960 203,016,148 181,638,960
Less Total Deductions 21,174,946   22,392,960 21,174,946
Total Taxable Value 160,464,014 180,623,188 160,464,014 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
165,130,434 160,464,014 165,130,434 160,464,014


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,666,420 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
165,130,434 160,464,014 165,130,434 160,464,014

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.