taxes Property Tax Assistance

2018 ISD Summary Worksheet

238/Ward

238-904/Grandfalls-Royalty ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 6,500,030 .8397 7,740,896 6,500,030
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,365,350 N/A 1,365,350 1,365,350
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 362,960 .8760 414,354 362,960
D2. Real Prop Farm & Ranch 837,840 N/A 837,840 837,840
E. Real Prop NonQual Acres 3,370,570 N/A 3,370,570 3,370,570
F1. Commercial Real 582,700 N/A 582,700 582,700
F2. Industrial Real 15,320 N/A 15,320 15,320
G. Oil, Gas, Minerals 53,190,170 1.0238 51,953,673 53,190,170
J. Utilities 44,578,450 .9112 48,922,794 44,578,450
L1. Commercial Personal 532,340 N/A 532,340 532,340
L2. Industrial Personal 4,574,280 N/A 4,574,280 4,574,280
M. Other Personal 1,021,320 N/A 1,021,320 1,021,320
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 116,931,330 121,331,437 116,931,330
Less Total Deductions 5,725,060   6,222,065 5,725,060
Total Taxable Value 111,206,270 115,109,372 111,206,270 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
111,206,270 111,206,270 110,951,930 110,951,930


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
0 254,340


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
111,206,270 111,206,270 110,951,930 110,951,930

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