taxes Property Tax Assistance

2017 ISD Summary Worksheet

039/Clay

039-903/Petrolia CISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 75,118,970 N/A 75,118,970 75,118,970
B. Multi-Family Residences 267,250 N/A 267,250 267,250
C1. Vacant Lots 1,593,090 N/A 1,593,090 1,593,090
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,071,860 N/A 14,071,860 14,071,860
D2. Real Prop Farm & Ranch 3,201,010 N/A 3,201,010 3,201,010
E. Real Prop NonQual Acres 29,554,730 N/A 29,554,730 29,554,730
F1. Commercial Real 3,569,590 N/A 3,569,590 3,569,590
F2. Industrial Real 29,500 N/A 29,500 29,500
G. Oil, Gas, Minerals 1,237,200 N/A 1,237,200 1,237,200
J. Utilities 34,068,840 N/A 34,068,840 34,068,840
L1. Commercial Personal 2,498,560 N/A 2,498,560 2,498,560
L2. Industrial Personal 314,810 N/A 314,810 314,810
M. Other Personal 1,376,310 N/A 1,376,310 1,376,310
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 23,000 N/A 23,000 23,000
Subtotal 166,924,720 166,924,720 166,924,720
Less Total Deductions 38,040,202   38,040,202 38,040,202
Total Taxable Value 128,884,518 128,884,518 128,884,518 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
135,517,508 128,884,518 135,517,508 128,884,518


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,632,990 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
135,517,508 128,884,518 135,517,508 128,884,518

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