taxes Property Tax Assistance

2018 ISD Summary Worksheet

091/Grayson

091-905/Howe ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 246,125,380 .9836 250,229,138 246,125,380
B. Multi-Family Residences 4,575,358 N/A 4,575,358 4,575,358
C1. Vacant Lots 3,700,188 N/A 3,700,188 3,700,188
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,440,861 1.3372 4,068,846 5,440,861
D2. Real Prop Farm & Ranch 3,303,932 N/A 3,303,932 3,303,932
E. Real Prop NonQual Acres 65,350,612 1.0304 63,422,566 65,350,612
F1. Commercial Real 24,459,269 .8358 29,264,500 24,459,269
F2. Industrial Real 1,656,215 N/A 1,656,215 1,656,215
G. Oil, Gas, Minerals 1,110,674 N/A 1,110,674 1,110,674
J. Utilities 24,091,815 .9087 26,512,397 24,091,815
L1. Commercial Personal 7,206,533 N/A 7,206,533 7,206,533
L2. Industrial Personal 5,340,531 N/A 5,340,531 5,340,531
M. Other Personal 928,909 N/A 928,909 928,909
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 148,472 N/A 148,472 148,472
S. Special Inventory 0 N/A 0 0
Subtotal 393,438,749 401,468,259 393,438,749
Less Total Deductions 84,016,440   85,474,602 84,016,440
Total Taxable Value 309,422,309 315,993,657 309,422,309 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
320,037,263 309,422,309 320,037,263 309,422,309


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
10,614,954 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
320,037,263 309,422,309 320,037,263 309,422,309

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