taxes Property Tax Assistance

2019 ISD Summary Worksheet

234-Van Zandt

234-907/Wills Point ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 257,740,106 0.8995 286,537,083 257,740,106
B. MULTIFAMILY RESIDENCES 2,721,624 N/A 2,721,624 2,721,624
C1. VACANT LOTS 9,097,314 N/A 9,097,314 9,097,314
D1. QUALIFIED AG LAND 10,444,053 1.0025 10,417,969 10,444,053
D2. REAL PROP:FARM & RANCH 8,544,880 N/A 8,544,880 8,544,880
E. REAL PROP NONQUAL ACREAGE 223,772,949 0.9280 241,134,643 223,772,949
F1. COMMERCIAL REAL 55,519,563 0.8826 62,904,558 55,519,563
F2. INDUSTRIAL REAL 4,141,474 N/A 4,141,474 4,141,474
J. UTILITIES 41,765,580 0.9542 43,770,258 41,765,580
L1. COMMERCIAL PERSONAL 34,569,560 1.0367 33,345,770 34,569,560
L2. INDUSTRIAL PERSONAL 16,572,270 N/A 16,572,270 16,572,270
M. MOBILE HOMES 7,897,310 N/A 7,897,310 7,897,310
O. RESIDENTIAL INVENTORY 808,910 N/A 808,910 808,910
S. SPECIAL INVENTORY 5,822,392 N/A 5,822,392 5,822,392
Subtotal 679,417,985 0 733,716,455 679,417,985
Less Total Deductions 121,214,439 0 137,441,338 121,214,439
Total Taxable Value 558,203,546 0 596,275,117 558,203,546

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
579,212,658 558,203,546 579,212,658 558,203,546


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
21,009,112 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
579,212,658 558,203,546 579,212,658 558,203,546

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

234-907-02/Wills Point ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 257,740,106 0.8995 286,537,083 257,740,106
B. MULTIFAMILY RESIDENCES 2,721,624 N/A 2,721,624 2,721,624
C1. VACANT LOTS 9,097,314 N/A 9,097,314 9,097,314
D1. QUALIFIED AG LAND 10,444,053 1.0025 10,417,969 10,444,053
D2. REAL PROP:FARM & RANCH 8,544,880 N/A 8,544,880 8,544,880
E. REAL PROP NONQUAL ACREAGE 223,772,949 0.9280 241,134,643 223,772,949
F1. COMMERCIAL REAL 55,519,563 0.8826 62,904,558 55,519,563
F2. INDUSTRIAL REAL 4,141,474 N/A 4,141,474 4,141,474
J. UTILITIES 41,765,580 0.9542 43,770,258 41,765,580
L1. COMMERCIAL PERSONAL 34,569,560 1.0367 33,345,770 34,569,560
L2. INDUSTRIAL PERSONAL 16,572,270 N/A 16,572,270 16,572,270
M. MOBILE HOMES 7,897,310 N/A 7,897,310 7,897,310
O. RESIDENTIAL INVENTORY 808,910 N/A 808,910 808,910
S. SPECIAL INVENTORY 5,822,392 N/A 5,822,392 5,822,392
Subtotal 679,417,985 733,716,455 679,417,985
Less Total Deductions 121,214,439 137,441,338 121,214,439
Total Taxable Value 558,203,546 596,275,117 558,203,546

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
579,212,658 558,203,546 579,212,658 558,203,546


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
21,009,112 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
579,212,658 558,203,546 579,212,658 558,203,546

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