taxes Property Tax Assistance

2018 ISD Summary Worksheet

109/Hill

109-907/Itasca ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 61,149,677 1.0511 58,176,840 61,149,677
B. Multi-Family Residences 442,530 N/A 442,530 442,530
C1. Vacant Lots 1,489,168 N/A 1,489,168 1,489,168
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,912,689 1.0244 11,628,693 11,912,689
D2. Real Prop Farm & Ranch 6,536,200 N/A 6,536,200 6,536,200
E. Real Prop NonQual Acres 78,229,625 .8893 87,967,643 78,229,625
F1. Commercial Real 14,097,470 N/A 14,097,470 14,097,470
F2. Industrial Real 3,852,010 N/A 3,852,010 3,852,010
G. Oil, Gas, Minerals 9,658,311 N/A 9,658,311 9,658,311
J. Utilities 33,305,980 .8670 38,415,202 33,305,980
L1. Commercial Personal 18,051,770 1.1766 15,342,317 18,051,770
L2. Industrial Personal 3,950,700 N/A 3,950,700 3,950,700
M. Other Personal 1,714,170 N/A 1,714,170 1,714,170
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 339,200 N/A 339,200 339,200
Subtotal 244,729,500 253,610,454 244,729,500
Less Total Deductions 35,694,121   33,841,461 35,694,121
Total Taxable Value 209,035,379 219,768,993 209,035,379 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
216,040,539 209,035,379 216,040,539 209,035,379


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,005,160 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
216,040,539 209,035,379 216,040,539 209,035,379

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