taxes Property Tax Assistance

2018 ISD Summary Worksheet

093-Grimes

093-903/Iola ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	95,390,070	0.9718	98,158,129	95,390,070
B. MULTIFAMILY RESIDENCES	115,730	N/A	115,730	115,730
C1. VACANT LOTS	15,988,370	N/A	15,988,370	15,988,370
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,241,022	0.9327	5,619,195	5,241,022
D2. REAL PROP:FARM & RANCH	7,431,661	N/A	7,431,661	7,431,661
E. REAL PROP NONQUAL ACREAGE	115,902,920	0.9628	120,381,097	115,902,920
F1. COMMERCIAL REAL	3,099,729	N/A	3,099,729	3,099,729
F2. INDUSTRIAL REAL	413,215	N/A	413,215	413,215
G. OIL,GAS,MINERALS	59,138,375	1.0231	57,803,123	59,138,375
J. UTILITIES	49,112,100	0.9599	51,163,767	49,112,100
L1. COMMERCIAL PERSONAL	4,596,224	N/A	4,596,224	4,596,224
L2. INDUSTRIAL PERSONAL	4,490,390	N/A	4,490,390	4,490,390
M. MOBILE HOMES	8,042,730	N/A	8,042,730	8,042,730
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	3,061,352	N/A	3,061,352	3,061,352
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	372,023,888	0	380,364,712	372,023,888
Less Total Deductions	41,486,109	0	43,158,630	41,486,109
Total Taxable Value	330,537,779	0	337,206,082	330,537,779

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
337,649,623	330,537,779	337,649,623	330,537,779

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
7,111,844	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
337,649,623	330,537,779	337,649,623	330,537,779

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

093-903-02/Iola ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	95,390,070	0.9718	98,158,129	95,390,070
B. MULTIFAMILY RESIDENCES	115,730	N/A	115,730	115,730
C1. VACANT LOTS	15,988,370	N/A	15,988,370	15,988,370
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,241,022	0.9327	5,619,195	5,241,022
D2. REAL PROP:FARM & RANCH	7,431,661	N/A	7,431,661	7,431,661
E. REAL PROP NONQUAL ACREAGE	115,902,920	0.9628	120,381,097	115,902,920
F1. COMMERCIAL REAL	3,099,729	N/A	3,099,729	3,099,729
F2. INDUSTRIAL REAL	413,215	N/A	413,215	413,215
G. OIL,GAS,MINERALS	59,138,375	1.0231	57,803,123	59,138,375
J. UTILITIES	49,112,100	0.9599	51,163,767	49,112,100
L1. COMMERCIAL PERSONAL	4,596,224	N/A	4,596,224	4,596,224
L2. INDUSTRIAL PERSONAL	4,490,390	N/A	4,490,390	4,490,390
M. MOBILE HOMES	8,042,730	N/A	8,042,730	8,042,730
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	3,061,352	N/A	3,061,352	3,061,352
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	372,023,888		380,364,712	372,023,888
Less Total Deductions	41,486,109		43,158,630	41,486,109
Total Taxable Value	330,537,779		337,206,082	330,537,779

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
337,649,623	330,537,779	337,649,623	330,537,779

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
7,111,844	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
337,649,623	330,537,779	337,649,623	330,537,779

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