taxes Property Tax Assistance

2017 ISD Summary Worksheet

073/Falls

073-901/Chilton ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 21,790,750 .7530 28,938,579 21,790,750
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 175,050 N/A 175,050 175,050
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,013,281 1.0090 6,951,032 7,013,281
D2. Real Prop Farm & Ranch 2,691,960 N/A 2,691,960 2,691,960
E. Real Prop NonQual Acres 21,235,620 .8078 26,288,215 21,235,620
F1. Commercial Real 1,479,600 N/A 1,479,600 1,479,600
F2. Industrial Real 764,280 N/A 764,280 764,280
G. Oil, Gas, Minerals 9,670 N/A 9,670 9,670
J. Utilities 15,179,450 .8910 17,036,420 15,179,450
L1. Commercial Personal 5,555,010 1.0223 5,433,835 5,555,010
L2. Industrial Personal 111,170 N/A 111,170 111,170
M. Other Personal 1,453,180 N/A 1,453,180 1,453,180
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 77,459,021 91,332,991 77,459,021
Less Total Deductions 16,569,902   21,067,970 16,569,902
Total Taxable Value 60,889,119 70,265,021 60,889,119 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
64,267,970 60,889,119 64,267,970 60,889,119


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,378,851 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
64,267,970 60,889,119 64,267,970 60,889,119

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 invalid, but local value was certified because your school district is in year two of the grace period.