taxes Property Tax Assistance

2020 ISD Summary Worksheet

073-Falls /Falls County

073-904/Westphalia ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	2,371,630	0.8729	2,716,955	2,371,630
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	47,810	N/A	47,810	47,810
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,265,345	0.8540	2,652,639	2,265,345
D2 - FARM & RANCH IMP	1,779,560	0.9754	1,824,441	1,779,560
E - NON-AG LAND AND IMPROVEMENTS	14,263,830	0.8487	16,806,681	14,263,830
F1 - COMMERCIAL REAL	283,600	N/A	283,600	283,600
F2 - INDUSTRIAL REAL	199,870	N/A	199,870	199,870
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	4,009,600	1.0691	3,750,444	4,009,600
L1 - COMMERCIAL PERSONAL	297,560	N/A	297,560	297,560
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	126,480	N/A	126,480	126,480
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	25,645,285	0	28,706,480	25,645,285
Less Total Deductions	5,039,700	0	5,740,428	5,039,700
Total Taxable Value	20,605,585	0	22,966,052	20,605,585

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
21,733,934	20,605,585	21,733,934	20,605,585

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,128,349	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
21,733,934	20,605,585	21,733,934	20,605,585

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

073-904-02/Westphalia ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	2,371,630	0.8729	2,716,955	2,371,630
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	47,810	N/A	47,810	47,810
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,265,345	0.8540	2,652,639	2,265,345
D2 - FARM & RANCH IMP	1,779,560	0.9754	1,824,441	1,779,560
E - NON-AG LAND AND IMPROVEMENTS	14,263,830	0.8487	16,806,681	14,263,830
F1 - COMMERCIAL REAL	283,600	N/A	283,600	283,600
F2 - INDUSTRIAL REAL	199,870	N/A	199,870	199,870
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	4,009,600	1.0691	3,750,444	4,009,600
L1 - COMMERCIAL PERSONAL	297,560	N/A	297,560	297,560
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	126,480	N/A	126,480	126,480
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	25,645,285		28,706,480	25,645,285
Less Total Deductions	5,039,700		5,740,428	5,039,700
Total Taxable Value	20,605,585		22,966,052	20,605,585

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
21,733,934	20,605,585	21,733,934	20,605,585

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,128,349	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
21,733,934	20,605,585	21,733,934	20,605,585

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