taxes Property Tax Assistance

2021 ISD Summary Worksheet

161-McLennan /McLennan County

161-906/La Vega ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	422,210,370	N/A	422,210,370	422,210,370
B - MULTIFAMILY	24,241,496	N/A	24,241,496	24,241,496
C1 - VACANT LOTS	19,628,221	N/A	19,628,221	19,628,221
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,499,680	N/A	1,499,680	1,499,680
D2 - FARM & RANCH IMP	1,031,582	N/A	1,031,582	1,031,582
E - NON-AG LAND AND IMPROVEMENTS	31,029,334	N/A	31,029,334	31,029,334
F1 - COMMERCIAL REAL	293,415,550	N/A	293,415,550	293,415,550
F2 - INDUSTRIAL REAL	120,814,650	N/A	120,814,650	120,814,650
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	47,156,740	N/A	47,156,740	47,156,740
L1 - COMMERCIAL PERSONAL	201,695,934	N/A	201,695,934	201,695,934
L2 - INDUSTRIAL PERSONAL	71,944,503	N/A	71,944,503	71,944,503
M1 - MOBILE HOMES	5,641,770	N/A	5,641,770	5,641,770
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	2,587,370	N/A	2,587,370	2,587,370
S - SPECIAL INVENTORY	693,650	N/A	693,650	693,650
Subtotal	1,243,590,850	0	1,243,590,850	1,243,590,850
Less Total Deductions	168,063,925	0	168,063,925	168,063,925
Total Taxable Value	1,075,526,925	0	1,075,526,925	1,075,526,925

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
1,095,059,108	1,075,526,925	1,095,059,108	1,075,526,925

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
19,532,183	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
1,095,059,108	1,075,526,925	1,095,059,108	1,075,526,925

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

161-906-02/La Vega ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	422,210,370	N/A	422,210,370	422,210,370
B - MULTIFAMILY	24,241,496	N/A	24,241,496	24,241,496
C1 - VACANT LOTS	19,628,221	N/A	19,628,221	19,628,221
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,499,680	N/A	1,499,680	1,499,680
D2 - FARM & RANCH IMP	1,031,582	N/A	1,031,582	1,031,582
E - NON-AG LAND AND IMPROVEMENTS	31,029,334	N/A	31,029,334	31,029,334
F1 - COMMERCIAL REAL	293,415,550	N/A	293,415,550	293,415,550
F2 - INDUSTRIAL REAL	120,814,650	N/A	120,814,650	120,814,650
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	47,156,740	N/A	47,156,740	47,156,740
L1 - COMMERCIAL PERSONAL	201,695,934	N/A	201,695,934	201,695,934
L2 - INDUSTRIAL PERSONAL	71,944,503	N/A	71,944,503	71,944,503
M1 - MOBILE HOMES	5,641,770	N/A	5,641,770	5,641,770
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	2,587,370	N/A	2,587,370	2,587,370
S - SPECIAL INVENTORY	693,650	N/A	693,650	693,650
Subtotal	1,243,590,850		1,243,590,850	1,243,590,850
Less Total Deductions	168,063,925		168,063,925	168,063,925
Total Taxable Value	1,075,526,925		1,075,526,925	1,075,526,925

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
1,095,059,108	1,075,526,925	1,095,059,108	1,075,526,925

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
19,532,183	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
1,095,059,108	1,075,526,925	1,095,059,108	1,075,526,925

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