taxes Property Tax Assistance

2016 ISD Summary Worksheet

166/Milam

166-902/Gause ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 12,188,440 N/A 12,188,440 12,188,440
B. Multi-Family Residences 26,710 N/A 26,710 26,710
C1. Vacant Lots 345,510 N/A 345,510 345,510
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,477,042 N/A 3,477,042 3,477,042
D2. Real Prop Farm & Ranch 2,257,330 N/A 2,257,330 2,257,330
E. Real Prop NonQual Acres 40,427,820 N/A 40,427,820 40,427,820
F1. Commercial Real 862,440 N/A 862,440 862,440
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 13,164,131 N/A 13,164,131 13,164,131
J. Utilities 7,320,140 N/A 7,320,140 7,320,140
L1. Commercial Personal 880,200 N/A 880,200 880,200
L2. Industrial Personal 658,280 N/A 658,280 658,280
M. Other Personal 1,940,370 N/A 1,940,370 1,940,370
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 83,548,413 83,548,413 83,548,413
Less Total Deductions 15,748,848   15,748,848 15,748,848
Total Taxable Value 67,799,565 67,799,565 67,799,565 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
70,045,706 67,799,565 70,045,706 67,799,565


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,246,141 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
70,045,706 67,799,565 70,045,706 67,799,565

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