taxes Property Tax Assistance

2020 ISD Summary Worksheet

170-Montgomery

170-906/Magnolia ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	5,976,010,942	N/A	5,976,010,942	5,976,010,942
B - MULTIFAMILY	247,027,417	N/A	247,027,417	247,027,417
C1 - VACANT LOTS	310,258,753	N/A	310,258,753	310,258,753
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	16,875,603	N/A	16,875,603	16,875,603
D2 - FARM & RANCH IMP	923,795	N/A	923,795	923,795
E - NON-AG LAND AND IMPROVEMENTS	725,451,020	N/A	725,451,020	725,451,020
F1 - COMMERCIAL REAL	708,103,457	N/A	708,103,457	708,103,457
F2 - INDUSTRIAL REAL	32,371,950	N/A	32,371,950	32,371,950
G - ALL MINERALS	13,965,900	N/A	13,965,900	13,965,900
J - ALL UTILITIES	92,764,504	N/A	92,764,504	92,764,504
L1 - COMMERCIAL PERSONAL	238,552,514	N/A	238,552,514	238,552,514
L2 - INDUSTRIAL PERSONAL	106,261,023	N/A	106,261,023	106,261,023
M1 - MOBILE HOMES	43,646,123	N/A	43,646,123	43,646,123
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	60,561,040	N/A	60,561,040	60,561,040
S - SPECIAL INVENTORY	669,754	N/A	669,754	669,754
Subtotal	8,573,443,795	0	8,573,443,795	8,573,443,795
Less Total Deductions	1,082,077,343	0	1,082,077,343	1,082,077,343
Total Taxable Value	7,491,366,452	0	7,491,366,452	7,491,366,452

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
7,645,576,794	7,491,366,452	7,645,576,794	7,491,366,452

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
154,210,342	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
7,645,576,794	7,491,366,452	7,645,576,794	7,491,366,452

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

170-906-02/Magnolia ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	5,976,010,942	N/A	5,976,010,942	5,976,010,942
B - MULTIFAMILY	247,027,417	N/A	247,027,417	247,027,417
C1 - VACANT LOTS	310,258,753	N/A	310,258,753	310,258,753
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	16,875,603	N/A	16,875,603	16,875,603
D2 - FARM & RANCH IMP	923,795	N/A	923,795	923,795
E - NON-AG LAND AND IMPROVEMENTS	725,451,020	N/A	725,451,020	725,451,020
F1 - COMMERCIAL REAL	708,103,457	N/A	708,103,457	708,103,457
F2 - INDUSTRIAL REAL	32,371,950	N/A	32,371,950	32,371,950
G - ALL MINERALS	13,965,900	N/A	13,965,900	13,965,900
J - ALL UTILITIES	92,764,504	N/A	92,764,504	92,764,504
L1 - COMMERCIAL PERSONAL	238,552,514	N/A	238,552,514	238,552,514
L2 - INDUSTRIAL PERSONAL	106,261,023	N/A	106,261,023	106,261,023
M1 - MOBILE HOMES	43,646,123	N/A	43,646,123	43,646,123
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	60,561,040	N/A	60,561,040	60,561,040
S - SPECIAL INVENTORY	669,754	N/A	669,754	669,754
Subtotal	8,573,443,795		8,573,443,795	8,573,443,795
Less Total Deductions	1,082,077,343		1,082,077,343	1,082,077,343
Total Taxable Value	7,491,366,452		7,491,366,452	7,491,366,452

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
7,645,576,794	7,491,366,452	7,645,576,794	7,491,366,452

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
154,210,342	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
7,645,576,794	7,491,366,452	7,645,576,794	7,491,366,452

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