taxes Property Tax Assistance

2016 ISD Summary Worksheet

242/Wheeler

242-905/Kelton ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 73,540 N/A 73,540 73,540
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,390 N/A 1,390 1,390
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,795,680 N/A 4,795,680 4,795,680
D2. Real Prop Farm & Ranch 1,394,000 N/A 1,394,000 1,394,000
E. Real Prop NonQual Acres 7,651,580 N/A 7,651,580 7,651,580
F1. Commercial Real 338,000 N/A 338,000 338,000
F2. Industrial Real 77,737,350 N/A 77,737,350 77,737,350
G. Oil, Gas, Minerals 309,201,450 N/A 309,201,450 309,201,450
J. Utilities 193,470,600 N/A 193,470,600 193,470,600
L1. Commercial Personal 1,623,860 N/A 1,623,860 1,623,860
L2. Industrial Personal 53,056,320 N/A 53,056,320 53,056,320
M. Other Personal 327,200 N/A 327,200 327,200
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 649,670,970 649,670,970 649,670,970
Less Total Deductions 5,474,219   5,474,219 5,474,219
Total Taxable Value 644,196,751 644,196,751 644,196,751 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
644,536,731 644,196,751 644,536,731 644,196,751


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
339,980 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
644,536,731 644,196,751 644,536,731 644,196,751

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