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ceiling reduction
2019 ISD Summary Worksheet
093-Grimes
093-903/Iola ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 115,087,690 | N/A | 115,087,690 | 115,087,690 |
| B. MULTIFAMILY RESIDENCES | 122,450 | N/A | 122,450 | 122,450 |
| C1. VACANT LOTS | 15,210,991 | N/A | 15,210,991 | 15,210,991 |
| D1. QUALIFIED AG LAND | 5,413,366 | N/A | 5,413,366 | 5,413,366 |
| D2. REAL PROP:FARM & RANCH | 7,621,651 | N/A | 7,621,651 | 7,621,651 |
| E. REAL PROP NONQUAL ACREAGE | 125,369,262 | N/A | 125,369,262 | 125,369,262 |
| F1. COMMERCIAL REAL | 3,238,252 | N/A | 3,238,252 | 3,238,252 |
| F2. INDUSTRIAL REAL | 431,530 | N/A | 431,530 | 431,530 |
| G. OIL,GAS,MINERALS | 92,587,786 | N/A | 92,587,786 | 92,587,786 |
| J. UTILITIES | 45,198,969 | N/A | 45,198,969 | 45,198,969 |
| L1. COMMERCIAL PERSONAL | 6,064,619 | N/A | 6,064,619 | 6,064,619 |
| L2. INDUSTRIAL PERSONAL | 786,324 | N/A | 786,324 | 786,324 |
| M. MOBILE HOMES | 8,665,930 | N/A | 8,665,930 | 8,665,930 |
| O. RESIDENTIAL INVENTORY | 2,414,352 | N/A | 2,414,352 | 2,414,352 |
| Subtotal | 428,213,172 | 0 | 428,213,172 | 428,213,172 |
| Less Total Deductions | 45,846,910 | 0 | 45,846,910 | 45,846,910 |
| Total Taxable Value | 382,366,262 | 0 | 382,366,262 | 382,366,262 |
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 |
|---|---|---|---|
| 389,616,289 | 382,366,262 | 389,616,289 | 382,366,262 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 7,250,027 | 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 |
|---|---|---|---|
| 389,616,289 | 382,366,262 | 389,616,289 | 382,366,262 |
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 | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 115,087,690 | N/A | 115,087,690 | 115,087,690 |
| B. MULTIFAMILY RESIDENCES | 122,450 | N/A | 122,450 | 122,450 |
| C1. VACANT LOTS | 15,210,991 | N/A | 15,210,991 | 15,210,991 |
| D1. QUALIFIED AG LAND | 5,413,366 | N/A | 5,413,366 | 5,413,366 |
| D2. REAL PROP:FARM & RANCH | 7,621,651 | N/A | 7,621,651 | 7,621,651 |
| E. REAL PROP NONQUAL ACREAGE | 125,369,262 | N/A | 125,369,262 | 125,369,262 |
| F1. COMMERCIAL REAL | 3,238,252 | N/A | 3,238,252 | 3,238,252 |
| F2. INDUSTRIAL REAL | 431,530 | N/A | 431,530 | 431,530 |
| G. OIL,GAS,MINERALS | 92,587,786 | N/A | 92,587,786 | 92,587,786 |
| J. UTILITIES | 45,198,969 | N/A | 45,198,969 | 45,198,969 |
| L1. COMMERCIAL PERSONAL | 6,064,619 | N/A | 6,064,619 | 6,064,619 |
| L2. INDUSTRIAL PERSONAL | 786,324 | N/A | 786,324 | 786,324 |
| M. MOBILE HOMES | 8,665,930 | N/A | 8,665,930 | 8,665,930 |
| O. RESIDENTIAL INVENTORY | 2,414,352 | N/A | 2,414,352 | 2,414,352 |
| Subtotal | 428,213,172 | 428,213,172 | 428,213,172 | |
| Less Total Deductions | 45,846,910 | 45,846,910 | 45,846,910 | |
| Total Taxable Value | 382,366,262 | 382,366,262 | 382,366,262 |
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 |
|---|---|---|---|
| 389,616,289 | 382,366,262 | 389,616,289 | 382,366,262 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 7,250,027 | 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 |
|---|---|---|---|
| 389,616,289 | 382,366,262 | 389,616,289 | 382,366,262 |
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 taxceiling 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