taxes Property Tax Assistance

2018 ISD Summary Worksheet

039/Clay

039-903/Petrolia CISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 77,420,290 .9084 85,227,092 77,420,290
B. Multi-Family Residences 276,880 N/A 276,880 276,880
C1. Vacant Lots 2,451,700 N/A 2,451,700 2,451,700
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,005,300 1.0778 12,994,370 14,005,300
D2. Real Prop Farm & Ranch 3,189,430 N/A 3,189,430 3,189,430
E. Real Prop NonQual Acres 32,345,900 .7960 40,635,553 32,345,900
F1. Commercial Real 3,412,760 N/A 3,412,760 3,412,760
F2. Industrial Real 25,180 N/A 25,180 25,180
G. Oil, Gas, Minerals 1,316,320 N/A 1,316,320 1,316,320
J. Utilities 35,384,250 .9167 38,599,596 35,384,250
L1. Commercial Personal 2,838,120 N/A 2,838,120 2,838,120
L2. Industrial Personal 308,720 N/A 308,720 308,720
M. Other Personal 1,458,340 N/A 1,458,340 1,458,340
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 47,480 N/A 47,480 47,480
Subtotal 174,480,670 192,781,541 174,480,670
Less Total Deductions 38,849,484   41,831,735 38,849,484
Total Taxable Value 135,631,186 150,949,806 135,631,186 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
142,409,326 135,631,186 142,409,326 135,631,186


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,778,140 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
142,409,326 135,631,186 142,409,326 135,631,186

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 one of the grace period.