taxes Property Tax Assistance

2018 ISD Summary Worksheet

168/Mitchell

168-902/Loraine ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 15,783,961 N/A 15,783,961 15,783,961
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 477,720 N/A 477,720 477,720
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,791,795 N/A 11,791,795 11,791,795
D2. Real Prop Farm & Ranch 1,246,576 N/A 1,246,576 1,246,576
E. Real Prop NonQual Acres 17,490,335 N/A 17,490,335 17,490,335
F1. Commercial Real 1,207,637 N/A 1,207,637 1,207,637
F2. Industrial Real 104,423,551 N/A 104,423,551 104,423,551
G. Oil, Gas, Minerals 447,155 N/A 447,155 447,155
J. Utilities 33,549,640 N/A 33,549,640 33,549,640
L1. Commercial Personal 654,950 N/A 654,950 654,950
L2. Industrial Personal 1,964,850 N/A 1,964,850 1,964,850
M. Other Personal 376,550 N/A 376,550 376,550
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 189,414,720 189,414,720 189,414,720
Less Total Deductions 10,113,612   10,113,612 10,113,612
Total Taxable Value 179,301,108 179,301,108 179,301,108 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
181,286,762 179,301,108 181,286,762 179,301,108


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,985,654 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
181,286,762 179,301,108 181,286,762 179,301,108

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