taxes Property Tax Assistance

2017 ISD Summary Worksheet

170/Montgomery

170-906/Magnolia ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 4,684,421,360 .9801 4,779,534,088 4,684,421,360
B. Multi-Family Residences 141,911,654 N/A 141,911,654 141,911,654
C1. Vacant Lots 207,515,240 N/A 207,515,240 207,515,240
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,356,777 1.1963 14,508,221 17,356,777
D2. Real Prop Farm & Ranch 1,067,985 N/A 1,067,985 1,067,985
E. Real Prop NonQual Acres 569,131,572 .9742 584,204,036 569,131,572
F1. Commercial Real 476,755,521 .9745 489,230,909 476,755,521
F2. Industrial Real 29,622,200 N/A 29,622,200 29,622,200
G. Oil, Gas, Minerals 11,606,980 N/A 11,606,980 11,606,980
J. Utilities 81,087,480 N/A 81,087,480 81,087,480
L1. Commercial Personal 179,250,909 N/A 179,250,909 179,250,909
L2. Industrial Personal 140,979,096 N/A 140,979,096 140,979,096
M. Other Personal 36,629,871 N/A 36,629,871 36,629,871
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 38,067,860 N/A 38,067,860 38,067,860
S. Special Inventory 578,031 N/A 578,031 578,031
Subtotal 6,615,982,536 6,735,794,560 6,615,982,536
Less Total Deductions 871,682,057   894,883,348 871,682,057
Total Taxable Value 5,744,300,479 5,840,911,212 5,744,300,479 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
5,883,789,348 5,744,300,479 5,883,789,348 5,744,300,479


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
139,488,869 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
5,883,789,348 5,744,300,479 5,883,789,348 5,744,300,479

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