taxes Property Tax Assistance

2018 ISD Summary Worksheet

161/McLennan

161-903/Midway ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 3,156,010,073 1.0022 3,149,082,092 3,156,010,073
B. Multi-Family Residences 278,859,759 .8597 324,368,686 278,859,759
C1. Vacant Lots 89,632,703 N/A 89,632,703 89,632,703
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,628,666 1.0695 5,262,675 5,628,666
D2. Real Prop Farm & Ranch 2,899,197 N/A 2,899,197 2,899,197
E. Real Prop NonQual Acres 84,666,890 N/A 84,666,890 84,666,890
F1. Commercial Real 722,870,732 .9360 772,297,791 722,870,732
F2. Industrial Real 323,864,803 N/A 323,864,803 323,864,803
G. Oil, Gas, Minerals 13,036 N/A 13,036 13,036
J. Utilities 92,343,249 N/A 92,343,249 92,343,249
L1. Commercial Personal 718,442,640 1.0133 709,012,770 718,442,640
L2. Industrial Personal 450,418,270 N/A 450,418,270 450,418,270
M. Other Personal 1,941,790 N/A 1,941,790 1,941,790
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 25,957,550 N/A 25,957,550 25,957,550
S. Special Inventory 9,855,370 N/A 9,855,370 9,855,370
Subtotal 5,963,404,728 6,041,616,872 5,963,404,728
Less Total Deductions 733,118,236   730,908,303 733,118,236
Total Taxable Value 5,230,286,492 5,310,708,569 5,230,286,492 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
5,339,949,726 5,230,286,492 5,339,949,726 5,230,286,492


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
109,663,234 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
5,339,949,726 5,230,286,492 5,339,949,726 5,230,286,492

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