taxes Property Tax Assistance

2019 ISD Summary Worksheet

139-Lamar

139-912/Prairiland ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 68,804,018 0.9226 74,576,217 74,576,217
B. MULTIFAMILY RESIDENCES 3,464,040 N/A 3,464,040 3,464,040
C1. VACANT LOTS 3,466,130 N/A 3,466,130 3,466,130
D1. QUALIFIED AG LAND 13,628,237 1.1170 12,200,589 12,200,589
D2. REAL PROP:FARM & RANCH 6,586,120 N/A 6,586,120 6,586,120
E. REAL PROP NONQUAL ACREAGE 133,467,167 0.7620 175,153,762 175,153,762
F1. COMMERCIAL REAL 8,703,500 N/A 8,703,500 8,703,500
F2. INDUSTRIAL REAL 409,140 N/A 409,140 409,140
J. UTILITIES 39,853,540 0.9187 43,380,364 43,380,364
L1. COMMERCIAL PERSONAL 9,395,680 N/A 9,395,680 9,395,680
L2. INDUSTRIAL PERSONAL 13,300,530 N/A 13,300,530 13,300,530
M. MOBILE HOMES 1,161,710 N/A 1,161,710 1,161,710
O. RESIDENTIAL INVENTORY 148,400 N/A 148,400 148,400
S. SPECIAL INVENTORY 25,000 N/A 25,000 25,000
Subtotal 302,413,212 0 351,971,182 351,971,182
Less Total Deductions 63,617,610 0 68,310,651 68,310,651
Total Taxable Value 238,795,602 0 283,660,531 283,660,531

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
298,173,979 283,660,531 298,173,979 283,660,531


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,513,448 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
298,173,979 283,660,531 298,173,979 283,660,531

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

139-912-02/Prairiland ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 68,804,018 0.9226 74,576,217 74,576,217
B. MULTIFAMILY RESIDENCES 3,464,040 N/A 3,464,040 3,464,040
C1. VACANT LOTS 3,466,130 N/A 3,466,130 3,466,130
D1. QUALIFIED AG LAND 13,628,237 1.1170 12,200,589 12,200,589
D2. REAL PROP:FARM & RANCH 6,586,120 N/A 6,586,120 6,586,120
E. REAL PROP NONQUAL ACREAGE 133,467,167 0.7620 175,153,762 175,153,762
F1. COMMERCIAL REAL 8,703,500 N/A 8,703,500 8,703,500
F2. INDUSTRIAL REAL 409,140 N/A 409,140 409,140
J. UTILITIES 39,853,540 0.9187 43,380,364 43,380,364
L1. COMMERCIAL PERSONAL 9,395,680 N/A 9,395,680 9,395,680
L2. INDUSTRIAL PERSONAL 13,300,530 N/A 13,300,530 13,300,530
M. MOBILE HOMES 1,161,710 N/A 1,161,710 1,161,710
O. RESIDENTIAL INVENTORY 148,400 N/A 148,400 148,400
S. SPECIAL INVENTORY 25,000 N/A 25,000 25,000
Subtotal 302,413,212 351,971,182 351,971,182
Less Total Deductions 63,617,610 68,310,651 68,310,651
Total Taxable Value 238,795,602 283,660,531 283,660,531

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
298,173,979 283,660,531 298,173,979 283,660,531


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
14,513,448 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
298,173,979 283,660,531 298,173,979 283,660,531

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