taxes Property Tax Assistance

2017 ISD Summary Worksheet

220/Tarrant

220-910/Lake Worth ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 383,478,922 .9704 395,176,136 383,478,922
B. Multi-Family Residences 115,807,737 .9217 125,645,803 115,807,737
C1. Vacant Lots 47,067,242 N/A 47,067,242 47,067,242
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 58,656 2.6581 22,067 58,656
D2. Real Prop Farm & Ranch 7,240 N/A 7,240 7,240
E. Real Prop NonQual Acres 0 N/A 0 0
F1. Commercial Real 343,612,297 .9182 374,223,804 343,612,297
F2. Industrial Real 2,568,596 N/A 2,568,596 2,568,596
G. Oil, Gas, Minerals 11,290,490 N/A 11,290,490 11,290,490
J. Utilities 18,605,325 N/A 18,605,325 18,605,325
L1. Commercial Personal 90,259,948 1.0753 83,939,317 90,259,948
L2. Industrial Personal 14,689,421 N/A 14,689,421 14,689,421
M. Other Personal 173,572 N/A 173,572 173,572
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,191,288 N/A 1,191,288 1,191,288
Subtotal 1,028,810,734 1,074,600,301 1,028,810,734
Less Total Deductions 124,900,520   127,804,270 124,900,520
Total Taxable Value 903,910,214 946,796,031 903,910,214 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
924,048,851 903,910,214 924,048,851 903,910,214


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,138,637 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
924,048,851 903,910,214 924,048,851 903,910,214

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