taxes Property Tax Assistance

2018 ISD Summary Worksheet

093/Grimes

093-903/Iola ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 95,390,070 .9718 98,158,129 95,390,070
B. Multi-Family Residences 115,730 N/A 115,730 115,730
C1. Vacant Lots 15,988,370 N/A 15,988,370 15,988,370
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,241,022 .9327 5,619,195 5,241,022
D2. Real Prop Farm & Ranch 7,431,661 N/A 7,431,661 7,431,661
E. Real Prop NonQual Acres 115,902,920 .9628 120,381,097 115,902,920
F1. Commercial Real 3,099,729 N/A 3,099,729 3,099,729
F2. Industrial Real 413,215 N/A 413,215 413,215
G. Oil, Gas, Minerals 59,138,375 1.0231 57,803,123 59,138,375
J. Utilities 49,112,100 .9599 51,163,767 49,112,100
L1. Commercial Personal 4,596,224 N/A 4,596,224 4,596,224
L2. Industrial Personal 4,490,390 N/A 4,490,390 4,490,390
M. Other Personal 8,042,730 N/A 8,042,730 8,042,730
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 3,061,352 N/A 3,061,352 3,061,352
S. Special Inventory 0 N/A 0 0
Subtotal 372,023,888 380,364,712 372,023,888
Less Total Deductions 41,486,109   43,158,630 41,486,109
Total Taxable Value 330,537,779 337,206,082 330,537,779 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
337,649,623 330,537,779 337,649,623 330,537,779


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,111,844 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
337,649,623 330,537,779 337,649,623 330,537,779

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