taxes Property Tax Assistance

2019 ISD Summary Worksheet

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033-901/Groom ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	19,630	N/A	19,630	19,630
C1. VACANT LOTS	12,700	N/A	12,700	12,700
D1. QUALIFIED AG LAND	2,694,090	N/A	2,694,090	2,694,090
D2. REAL PROP:FARM & RANCH	291,740	N/A	291,740	291,740
E. REAL PROP NONQUAL ACREAGE	2,890,800	N/A	2,890,800	2,890,800
F1. COMMERCIAL REAL	100,170	N/A	100,170	100,170
F2. INDUSTRIAL REAL	46,157,790	N/A	46,157,790	46,157,790
G. OIL,GAS,MINERALS	1,066,820	N/A	1,066,820	1,066,820
J. UTILITIES	10,746,270	N/A	10,746,270	10,746,270
L1. COMMERCIAL PERSONAL	19,500	N/A	19,500	19,500
M. MOBILE HOMES	53,690	N/A	53,690	53,690
Subtotal	64,053,200	0	64,053,200	64,053,200
Less Total Deductions	36,672,750	0	36,672,750	36,672,750
Total Taxable Value	27,380,450	0	27,380,450	27,380,450

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
27,450,450	27,380,450	27,450,450	27,380,450

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
70,000	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
63,608,240	63,538,240	63,608,240	63,538,240

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

033-901-02/Groom ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	19,630	N/A	19,630	19,630
C1. VACANT LOTS	12,700	N/A	12,700	12,700
D1. QUALIFIED AG LAND	2,694,090	N/A	2,694,090	2,694,090
D2. REAL PROP:FARM & RANCH	291,740	N/A	291,740	291,740
E. REAL PROP NONQUAL ACREAGE	2,890,800	N/A	2,890,800	2,890,800
F1. COMMERCIAL REAL	100,170	N/A	100,170	100,170
F2. INDUSTRIAL REAL	46,157,790	N/A	46,157,790	46,157,790
G. OIL,GAS,MINERALS	1,066,820	N/A	1,066,820	1,066,820
J. UTILITIES	10,746,270	N/A	10,746,270	10,746,270
L1. COMMERCIAL PERSONAL	19,500	N/A	19,500	19,500
M. MOBILE HOMES	53,690	N/A	53,690	53,690
Subtotal	64,053,200		64,053,200	64,053,200
Less Total Deductions	36,672,750		36,672,750	36,672,750
Total Taxable Value	27,380,450		27,380,450	27,380,450

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
27,450,450	27,380,450	27,450,450	27,380,450

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
70,000	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
63,608,240	63,538,240	63,608,240	63,538,240

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