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ceiling reduction
2019 ISD Summary Worksheet
132-Kent
076-904/Rotan ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| D1. QUALIFIED AG LAND | 958,170 | N/A | 958,170 | 958,170 |
| D2. REAL PROP:FARM & RANCH | 15,220 | N/A | 15,220 | 15,220 |
| E. REAL PROP NONQUAL ACREAGE | 406,510 | N/A | 406,510 | 406,510 |
| F2. INDUSTRIAL REAL | 13,928,250 | N/A | 13,928,250 | 13,928,250 |
| G. OIL,GAS,MINERALS | 62,820 | N/A | 62,820 | 62,820 |
| J. UTILITIES | 1,344,640 | N/A | 1,344,640 | 1,344,640 |
| Subtotal | 16,715,610 | 0 | 16,715,610 | 16,715,610 |
| Less Total Deductions | 8,162,090 | 0 | 8,162,090 | 8,162,090 |
| Total Taxable Value | 8,553,520 | 0 | 8,553,520 | 8,553,520 |
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 |
|---|---|---|---|
| 8,563,520 | 8,553,520 | 8,563,520 | 8,553,520 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 10,000 | 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 |
|---|---|---|---|
| 16,691,770 | 16,681,770 | 16,691,770 | 16,681,770 |
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
076-904-02/Rotan ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| D1. QUALIFIED AG LAND | 958,170 | N/A | 958,170 | 958,170 |
| D2. REAL PROP:FARM & RANCH | 15,220 | N/A | 15,220 | 15,220 |
| E. REAL PROP NONQUAL ACREAGE | 406,510 | N/A | 406,510 | 406,510 |
| F2. INDUSTRIAL REAL | 13,928,250 | N/A | 13,928,250 | 13,928,250 |
| G. OIL,GAS,MINERALS | 62,820 | N/A | 62,820 | 62,820 |
| J. UTILITIES | 1,344,640 | N/A | 1,344,640 | 1,344,640 |
| Subtotal | 16,715,610 | 16,715,610 | 16,715,610 | |
| Less Total Deductions | 8,162,090 | 8,162,090 | 8,162,090 | |
| Total Taxable Value | 8,553,520 | 8,553,520 | 8,553,520 |
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 |
|---|---|---|---|
| 8,563,520 | 8,553,520 | 8,563,520 | 8,553,520 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 10,000 | 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 |
|---|---|---|---|
| 16,691,770 | 16,681,770 | 16,691,770 | 16,681,770 |
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