taxes Property Tax Assistance

2018 ISD Summary Worksheet

190/Rains

190-903/Rains ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 337,734,279 .8482 398,177,646 398,177,646
B. Multi-Family Residences 2,986,907 N/A 2,986,907 2,986,907
C1. Vacant Lots 12,735,880 N/A 12,735,880 12,735,880
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,670,413 1.3602 10,050,098 10,050,098
D2. Real Prop Farm & Ranch 12,974,265 N/A 12,974,265 12,974,265
E. Real Prop NonQual Acres 225,903,058 .9404 240,220,181 240,220,181
F1. Commercial Real 52,951,473 .8606 61,528,553 61,528,553
F2. Industrial Real 685,274 N/A 685,274 685,274
G. Oil, Gas, Minerals 209,425 N/A 209,425 209,425
J. Utilities 18,441,917 N/A 18,441,917 18,441,917
L1. Commercial Personal 19,234,548 N/A 19,234,548 19,234,548
L2. Industrial Personal 8,992,098 N/A 8,992,098 8,992,098
M. Other Personal 2,363,997 N/A 2,363,997 2,363,997
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,048,765 N/A 1,048,765 1,048,765
S. Special Inventory 105,197 N/A 105,197 105,197
Subtotal 710,037,496 789,754,751 789,754,751
Less Total Deductions 135,571,363   164,070,252 164,070,252
Total Taxable Value 574,466,133 625,684,499 625,684,499 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
650,273,267 625,684,499 650,273,267 625,684,499


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
24,588,768 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
650,273,267 625,684,499 650,273,267 625,684,499

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 taxable value to be invalid, and state value was certified because your local value

did not exceed the state value and:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)