taxes Property Tax Assistance

2017 ISD Summary Worksheet

243/Wichita

243-905/Wichita Falls ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 2,825,869,545 1.0085 2,802,052,102 2,825,869,545
B. Multi-Family Residences 213,267,665 N/A 213,267,665 213,267,665
C1. Vacant Lots 44,340,602 N/A 44,340,602 44,340,602
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,931,173 .9860 1,958,575 1,931,173
D2. Real Prop Farm & Ranch 691,483 N/A 691,483 691,483
E. Real Prop NonQual Acres 17,336,990 N/A 17,336,990 17,336,990
F1. Commercial Real 972,337,954 .8604 1,130,099,900 972,337,954
F2. Industrial Real 37,838,431 N/A 37,838,431 37,838,431
G. Oil, Gas, Minerals 1,250,040 N/A 1,250,040 1,250,040
J. Utilities 160,019,565 N/A 160,019,565 160,019,565
L1. Commercial Personal 486,446,967 1.0175 478,080,557 486,446,967
L2. Industrial Personal 155,807,682 N/A 155,807,682 155,807,682
M. Other Personal 2,039,734 N/A 2,039,734 2,039,734
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 6,787,629 N/A 6,787,629 6,787,629
S. Special Inventory 28,710,184 N/A 28,710,184 28,710,184
Subtotal 4,954,675,644 5,080,281,139 4,954,675,644
Less Total Deductions 677,758,506   670,978,907 677,758,506
Total Taxable Value 4,276,917,138 4,409,302,232 4,276,917,138 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
4,422,735,061 4,276,917,138 4,422,735,061 4,276,917,138


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
145,817,923 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
4,422,735,061 4,276,917,138 4,422,735,061 4,276,917,138

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