taxes Property Tax Assistance

2017 ISD Summary Worksheet

153/Lynn

153-905/New Home ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 21,578,340 .9714 22,213,650 21,578,340
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 549,300 N/A 549,300 549,300
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 19,518,980 1.0847 17,994,390 19,518,980
D2. Real Prop Farm & Ranch 3,192,100 N/A 3,192,100 3,192,100
E. Real Prop NonQual Acres 37,540,740 .9394 39,962,465 37,540,740
F1. Commercial Real 711,470 N/A 711,470 711,470
F2. Industrial Real 2,066,100 N/A 2,066,100 2,066,100
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 4,648,210 1.0015 4,641,248 4,648,210
L1. Commercial Personal 231,840 N/A 231,840 231,840
L2. Industrial Personal 863,120 N/A 863,120 863,120
M. Other Personal 277,660 N/A 277,660 277,660
N. Intangible Personal Prop 29,170 N/A 29,170 29,170
O. Residential Inventory 3,180,280 N/A 3,180,280 3,180,280
S. Special Inventory 0 N/A 0 0
Subtotal 94,387,310 95,912,793 94,387,310
Less Total Deductions 15,115,717   15,533,635 15,115,717
Total Taxable Value 79,271,593 80,379,158 79,271,593 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
81,352,803 79,271,593 81,352,803 79,271,593


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,081,210 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
81,352,803 79,271,593 81,352,803 79,271,593

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