taxes Property Tax Assistance

2018 ISD Summary Worksheet

170/Montgomery

170-906/Magnolia ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 4,868,925,623 N/A 4,868,925,623 4,868,925,623
B. Multi-Family Residences 205,313,351 N/A 205,313,351 205,313,351
C1. Vacant Lots 254,872,576 N/A 254,872,576 254,872,576
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 16,790,147 N/A 16,790,147 16,790,147
D2. Real Prop Farm & Ranch 1,039,485 N/A 1,039,485 1,039,485
E. Real Prop NonQual Acres 593,087,844 N/A 593,087,844 593,087,844
F1. Commercial Real 598,160,997 N/A 598,160,997 598,160,997
F2. Industrial Real 28,132,357 N/A 28,132,357 28,132,357
G. Oil, Gas, Minerals 6,195,170 N/A 6,195,170 6,195,170
J. Utilities 80,607,740 N/A 80,607,740 80,607,740
L1. Commercial Personal 203,008,326 N/A 203,008,326 203,008,326
L2. Industrial Personal 182,364,960 N/A 182,364,960 182,364,960
M. Other Personal 42,338,928 N/A 42,338,928 42,338,928
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 62,597,950 N/A 62,597,950 62,597,950
S. Special Inventory 678,849 N/A 678,849 678,849
Subtotal 7,144,114,303 7,144,114,303 7,144,114,303
Less Total Deductions 875,012,261   875,012,261 875,012,261
Total Taxable Value 6,269,102,042 6,269,102,042 6,269,102,042 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
6,410,972,314 6,269,102,042 6,410,972,314 6,269,102,042


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
141,870,272 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
6,410,972,314 6,269,102,042 6,410,972,314 6,269,102,042

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