taxes Property Tax Assistance

2018 ISD Summary Worksheet

153/Lynn

153-905/New Home ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 26,637,910 N/A 26,637,910 26,637,910
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 2,054,440 N/A 2,054,440 2,054,440
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 26,569,590 N/A 26,569,590 26,569,590
D2. Real Prop Farm & Ranch 4,098,870 N/A 4,098,870 4,098,870
E. Real Prop NonQual Acres 41,495,190 N/A 41,495,190 41,495,190
F1. Commercial Real 790,790 N/A 790,790 790,790
F2. Industrial Real 2,268,770 N/A 2,268,770 2,268,770
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 5,248,920 N/A 5,248,920 5,248,920
L1. Commercial Personal 247,250 N/A 247,250 247,250
L2. Industrial Personal 740,100 N/A 740,100 740,100
M. Other Personal 309,120 N/A 309,120 309,120
N. Intangible Personal Prop 72,800 N/A 72,800 72,800
O. Residential Inventory 4,372,240 N/A 4,372,240 4,372,240
S. Special Inventory 0 N/A 0 0
Subtotal 114,905,990 114,905,990 114,905,990
Less Total Deductions 16,277,588   16,277,588 16,277,588
Total Taxable Value 98,628,402 98,628,402 98,628,402 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
100,889,812 98,628,402 100,889,812 98,628,402


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,261,410 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
100,889,812 98,628,402 100,889,812 98,628,402

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