taxes Property Tax Assistance

2017 ISD Summary Worksheet

248/Winkler

248-901/Kermit 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 117,566,073 .8091 145,304,750 117,566,073
B. Multi-Family Residences 1,671,940 N/A 1,671,940 1,671,940
C1. Vacant Lots 826,810 N/A 826,810 826,810
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 760,862 .8662 878,365 760,862
D2. Real Prop Farm & Ranch 235,677 N/A 235,677 235,677
E. Real Prop NonQual Acres 7,989,852 N/A 7,989,852 7,989,852
F1. Commercial Real 115,776,006 .8300 139,489,164 115,776,006
F2. Industrial Real 32,903,550 N/A 32,903,550 32,903,550
G. Oil, Gas, Minerals 154,379,500 1.0110 152,699,802 154,379,500
J. Utilities 165,935,310 .8968 185,030,453 165,935,310
L1. Commercial Personal 16,724,640 N/A 16,724,640 16,724,640
L2. Industrial Personal 94,524,770 N/A 94,524,770 94,524,770
M. Other Personal 2,139,760 N/A 2,139,760 2,139,760
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 711,434,750 780,419,533 711,434,750
Less Total Deductions 126,744,381   133,881,335 126,744,381
Total Taxable Value 584,690,369 646,538,198 584,690,369 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
596,859,525 584,690,369 589,422,811 577,253,655


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,169,156 7,436,714


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
671,693,635 659,524,479 664,256,921 652,087,765

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.