taxes Property Tax Assistance

2016 ISD Summary Worksheet

220/Tarrant

220-910/Lake Worth ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 363,204,571 .9913 366,392,183 363,204,571
B. Multi-Family Residences 102,091,748 .9216 110,776,636 102,091,748
C1. Vacant Lots 30,324,449 N/A 30,324,449 30,324,449
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 51,120 2.2131 23,099 51,120
D2. Real Prop Farm & Ranch 39,265 N/A 39,265 39,265
E. Real Prop NonQual Acres 0 N/A 0 0
F1. Commercial Real 304,915,364 .9654 315,843,551 304,915,364
F2. Industrial Real 2,746,665 N/A 2,746,665 2,746,665
G. Oil, Gas, Minerals 13,899,270 N/A 13,899,270 13,899,270
J. Utilities 17,961,322 N/A 17,961,322 17,961,322
L1. Commercial Personal 87,704,487 1.0043 87,328,972 87,704,487
L2. Industrial Personal 15,371,634 N/A 15,371,634 15,371,634
M. Other Personal 219,789 N/A 219,789 219,789
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 32,100 N/A 32,100 32,100
S. Special Inventory 1,708,747 N/A 1,708,747 1,708,747
Subtotal 940,270,531 962,667,682 940,270,531
Less Total Deductions 126,537,946   127,392,037 126,537,946
Total Taxable Value 813,732,585 835,275,645 813,732,585 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
833,831,660 813,732,585 833,831,660 813,732,585


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,099,075 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
833,831,660 813,732,585 833,831,660 813,732,585

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