taxes Property Tax Assistance

2016 ISD Summary Worksheet

168/Mitchell

168-902/Loraine ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 15,481,825 N/A 15,481,825 15,481,825
B. Multi-Family Residences 175,500 N/A 175,500 175,500
C1. Vacant Lots 529,730 N/A 529,730 529,730
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,176,779 N/A 13,176,779 13,176,779
D2. Real Prop Farm & Ranch 1,128,474 N/A 1,128,474 1,128,474
E. Real Prop NonQual Acres 13,601,110 N/A 13,601,110 13,601,110
F1. Commercial Real 1,164,030 N/A 1,164,030 1,164,030
F2. Industrial Real 157,877,542 N/A 157,877,542 157,877,542
G. Oil, Gas, Minerals 677,880 N/A 677,880 677,880
J. Utilities 24,111,410 N/A 24,111,410 24,111,410
L1. Commercial Personal 848,540 N/A 848,540 848,540
L2. Industrial Personal 2,452,650 N/A 2,452,650 2,452,650
M. Other Personal 431,210 N/A 431,210 431,210
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 231,656,680 231,656,680 231,656,680
Less Total Deductions 142,755,529   142,755,529 142,755,529
Total Taxable Value 88,901,151 88,901,151 88,901,151 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
90,755,583 88,901,151 90,755,583 88,901,151


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,854,432 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
222,169,653 220,315,221 222,169,653 220,315,221

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