taxes Property Tax Assistance

2016 ISD Summary Worksheet

165/Midland

165-901/Midland ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 8,501,808,060 .9616 8,841,314,538 8,501,808,060
B. Multi-Family Residences 728,390,240 .9906 735,302,080 728,390,240
C1. Vacant Lots 260,772,150 .9118 285,997,094 260,772,150
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,199,570 .8762 11,641,303 10,199,570
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 302,642,310 .8933 338,791,347 302,642,310
F1. Commercial Real 2,652,183,835 .8655 3,064,337,187 2,652,183,835
F2. Industrial Real 438,557,570 N/A 438,557,570 438,557,570
G. Oil, Gas, Minerals 2,623,583,231 1.0297 2,547,910,295 2,623,583,231
J. Utilities 666,032,720 .9139 728,780,742 666,032,720
L1. Commercial Personal 1,235,705,750 .9905 1,247,557,547 1,235,705,750
L2. Industrial Personal 3,133,484,680 N/A 3,133,484,680 3,133,484,680
M. Other Personal 91,489,070 N/A 91,489,070 91,489,070
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 5,617,950 N/A 5,617,950 5,617,950
S. Special Inventory 68,142,090 N/A 68,142,090 68,142,090
Subtotal 20,718,609,226 21,538,923,493 20,718,609,226
Less Total Deductions 1,637,881,858   1,706,231,282 1,637,881,858
Total Taxable Value 19,080,727,368 19,832,692,211 19,080,727,368 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
19,351,729,483 19,080,727,368 19,040,988,595 18,769,986,480


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
271,002,115 310,740,888


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
19,351,729,483 19,080,727,368 19,040,988,595 18,769,986,480

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