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ceiling reduction
2019 ISD Summary Worksheet
127-Jones
221-904/Merkel ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| C1. VACANT LOTS | 95,190 | N/A | 95,190 | 95,190 |
| D1. QUALIFIED AG LAND | 2,098,270 | N/A | 2,098,270 | 2,098,270 |
| D2. REAL PROP:FARM & RANCH | 671,100 | N/A | 671,100 | 671,100 |
| E. REAL PROP NONQUAL ACREAGE | 35,193,190 | N/A | 35,193,190 | 35,193,190 |
| F1. COMMERCIAL REAL | 354,800 | N/A | 354,800 | 354,800 |
| F2. INDUSTRIAL REAL | 86,560 | N/A | 86,560 | 86,560 |
| G. OIL,GAS,MINERALS | 3,200,160 | N/A | 3,200,160 | 3,200,160 |
| J. UTILITIES | 11,002,920 | N/A | 11,002,920 | 11,002,920 |
| L1. COMMERCIAL PERSONAL | 392,860 | N/A | 392,860 | 392,860 |
| L2. INDUSTRIAL PERSONAL | 4,807,920 | N/A | 4,807,920 | 4,807,920 |
| M. MOBILE HOMES | 954,000 | N/A | 954,000 | 954,000 |
| Subtotal | 58,856,970 | 0 | 58,856,970 | 58,856,970 |
| Less Total Deductions | 11,250,243 | 0 | 8,001,740 | 11,250,243 |
| Total Taxable Value | 47,606,727 | 0 | 50,855,230 | 47,606,727 |
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 |
|---|---|---|---|
| 49,398,727 | 47,606,727 | 49,398,727 | 47,606,727 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 1,792,000 | 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 |
|---|---|---|---|
| 49,398,727 | 47,606,727 | 49,398,727 | 47,606,727 |
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
221-904-02/Merkel ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| C1. VACANT LOTS | 95,190 | N/A | 95,190 | 95,190 |
| D1. QUALIFIED AG LAND | 2,098,270 | N/A | 2,098,270 | 2,098,270 |
| D2. REAL PROP:FARM & RANCH | 671,100 | N/A | 671,100 | 671,100 |
| E. REAL PROP NONQUAL ACREAGE | 35,193,190 | N/A | 35,193,190 | 35,193,190 |
| F1. COMMERCIAL REAL | 354,800 | N/A | 354,800 | 354,800 |
| F2. INDUSTRIAL REAL | 86,560 | N/A | 86,560 | 86,560 |
| G. OIL,GAS,MINERALS | 3,200,160 | N/A | 3,200,160 | 3,200,160 |
| J. UTILITIES | 11,002,920 | N/A | 11,002,920 | 11,002,920 |
| L1. COMMERCIAL PERSONAL | 392,860 | N/A | 392,860 | 392,860 |
| L2. INDUSTRIAL PERSONAL | 4,807,920 | N/A | 4,807,920 | 4,807,920 |
| M. MOBILE HOMES | 954,000 | N/A | 954,000 | 954,000 |
| Subtotal | 58,856,970 | 58,856,970 | 58,856,970 | |
| Less Total Deductions | 11,250,243 | 8,001,740 | 11,250,243 | |
| Total Taxable Value | 47,606,727 | 50,855,230 | 47,606,727 |
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 |
|---|---|---|---|
| 49,398,727 | 47,606,727 | 49,398,727 | 47,606,727 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 1,792,000 | 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 |
|---|---|---|---|
| 49,398,727 | 47,606,727 | 49,398,727 | 47,606,727 |
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