taxes Property Tax Assistance

2021 ISD Summary Worksheet

166-Milam /Milam County

166-903/Milano ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	20,843,441	0.9590	21,734,558	20,843,441
B - MULTIFAMILY	41,070	N/A	41,070	41,070
C1 - VACANT LOTS	356,880	N/A	356,880	356,880
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,328,916	1.1406	4,672,232	5,328,916
D2 - FARM & RANCH IMP	5,867,101	N/A	5,867,101	5,867,101
E - NON-AG LAND AND IMPROVEMENTS	102,681,240	1.0307	99,622,819	102,681,240
F1 - COMMERCIAL REAL	2,148,010	N/A	2,148,010	2,148,010
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	1,620,112	N/A	1,620,112	1,620,112
J - ALL UTILITIES	28,177,860	0.9235	30,512,030	28,177,860
L1 - COMMERCIAL PERSONAL	1,559,310	N/A	1,559,310	1,559,310
L2 - INDUSTRIAL PERSONAL	2,115,730	N/A	2,115,730	2,115,730
M1 - MOBILE HOMES	6,679,210	N/A	6,679,210	6,679,210
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	17,050	N/A	17,050	17,050
Subtotal	177,435,930	0	176,946,112	177,435,930
Less Total Deductions	33,308,198	0	34,849,722	33,308,198
Total Taxable Value	144,127,732	0	142,096,390	144,127,732

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
148,119,341	144,127,732	148,119,341	144,127,732

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
3,991,609	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
148,119,341	144,127,732	148,119,341	144,127,732

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

166-903-02/Milano ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	20,843,441	0.9590	21,734,558	20,843,441
B - MULTIFAMILY	41,070	N/A	41,070	41,070
C1 - VACANT LOTS	356,880	N/A	356,880	356,880
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,328,916	1.1406	4,672,232	5,328,916
D2 - FARM & RANCH IMP	5,867,101	N/A	5,867,101	5,867,101
E - NON-AG LAND AND IMPROVEMENTS	102,681,240	1.0307	99,622,819	102,681,240
F1 - COMMERCIAL REAL	2,148,010	N/A	2,148,010	2,148,010
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	1,620,112	N/A	1,620,112	1,620,112
J - ALL UTILITIES	28,177,860	0.9235	30,512,030	28,177,860
L1 - COMMERCIAL PERSONAL	1,559,310	N/A	1,559,310	1,559,310
L2 - INDUSTRIAL PERSONAL	2,115,730	N/A	2,115,730	2,115,730
M1 - MOBILE HOMES	6,679,210	N/A	6,679,210	6,679,210
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	17,050	N/A	17,050	17,050
Subtotal	177,435,930		176,946,112	177,435,930
Less Total Deductions	33,308,198		34,849,722	33,308,198
Total Taxable Value	144,127,732		142,096,390	144,127,732

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
148,119,341	144,127,732	148,119,341	144,127,732

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
3,991,609	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
148,119,341	144,127,732	148,119,341	144,127,732

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