taxes Property Tax Assistance

2018 ISD Summary Worksheet

039-Clay

039-903/Petrolia CISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	77,420,290	0.9084	85,227,092	77,420,290
B. MULTIFAMILY RESIDENCES	276,880	N/A	276,880	276,880
C1. VACANT LOTS	2,451,700	N/A	2,451,700	2,451,700
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	14,005,300	1.0778	12,994,370	14,005,300
D2. REAL PROP:FARM & RANCH	3,189,430	N/A	3,189,430	3,189,430
E. REAL PROP NONQUAL ACREAGE	32,345,900	0.7960	40,635,553	32,345,900
F1. COMMERCIAL REAL	3,412,760	N/A	3,412,760	3,412,760
F2. INDUSTRIAL REAL	25,180	N/A	25,180	25,180
G. OIL,GAS,MINERALS	1,316,320	N/A	1,316,320	1,316,320
J. UTILITIES	35,384,250	0.9527	37,141,020	35,384,250
L1. COMMERCIAL PERSONAL	2,838,120	N/A	2,838,120	2,838,120
L2. INDUSTRIAL PERSONAL	308,720	N/A	308,720	308,720
M. MOBILE HOMES	1,458,340	N/A	1,458,340	1,458,340
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	47,480	N/A	47,480	47,480
Subtotal	174,480,670	0	191,322,965	174,480,670
Less Total Deductions	38,849,484	0	41,831,735	38,849,484
Total Taxable Value	135,631,186	0	149,491,230	135,631,186

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
142,409,326	135,631,186	142,409,326	135,631,186

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
6,778,140	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
142,409,326	135,631,186	142,409,326	135,631,186

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

039-903-02/Petrolia CISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	77,420,290	0.9084	85,227,092	77,420,290
B. MULTIFAMILY RESIDENCES	276,880	N/A	276,880	276,880
C1. VACANT LOTS	2,451,700	N/A	2,451,700	2,451,700
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	14,005,300	1.0778	12,994,370	14,005,300
D2. REAL PROP:FARM & RANCH	3,189,430	N/A	3,189,430	3,189,430
E. REAL PROP NONQUAL ACREAGE	32,345,900	0.7960	40,635,553	32,345,900
F1. COMMERCIAL REAL	3,412,760	N/A	3,412,760	3,412,760
F2. INDUSTRIAL REAL	25,180	N/A	25,180	25,180
G. OIL,GAS,MINERALS	1,316,320	N/A	1,316,320	1,316,320
J. UTILITIES	35,384,250	0.9527	37,141,020	35,384,250
L1. COMMERCIAL PERSONAL	2,838,120	N/A	2,838,120	2,838,120
L2. INDUSTRIAL PERSONAL	308,720	N/A	308,720	308,720
M. MOBILE HOMES	1,458,340	N/A	1,458,340	1,458,340
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	47,480	N/A	47,480	47,480
Subtotal	174,480,670		191,322,965	174,480,670
Less Total Deductions	38,849,484		41,831,735	38,849,484
Total Taxable Value	135,631,186		149,491,230	135,631,186

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
142,409,326	135,631,186	142,409,326	135,631,186

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
6,778,140	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
142,409,326	135,631,186	142,409,326	135,631,186

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