taxes Property Tax Assistance

2021 ISD Summary Worksheet

170-Montgomery /Montgomery County

170-906/Magnolia ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 6,566,822,613 0.9423 6,968,929,866 6,566,822,613
B - MULTIFAMILY 283,799,230 N/A 283,799,230 283,799,230
C1 - VACANT LOTS 271,479,697 0.7377 368,008,265 271,479,697
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,934,769 1.0133 15,726,345 15,934,769
D2 - FARM & RANCH IMP 1,161,410 N/A 1,161,410 1,161,410
E - NON-AG LAND AND IMPROVEMENTS 779,709,210 0.8422 925,800,534 779,709,210
F1 - COMMERCIAL REAL 923,290,537 0.9650 956,777,759 923,290,537
F2 - INDUSTRIAL REAL 41,006,213 N/A 41,006,213 41,006,213
G - ALL MINERALS 6,555,680 N/A 6,555,680 6,555,680
J - ALL UTILITIES 95,280,508 N/A 95,280,508 95,280,508
L1 - COMMERCIAL PERSONAL 230,701,056 N/A 230,701,056 230,701,056
L2 - INDUSTRIAL PERSONAL 58,843,453 N/A 58,843,453 58,843,453
M1 - MOBILE HOMES 53,381,599 N/A 53,381,599 53,381,599
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 62,441,730 N/A 62,441,730 62,441,730
S - SPECIAL INVENTORY 610,946 N/A 610,946 610,946
Subtotal 9,391,018,651 0 10,069,024,594 9,391,018,651
Less Total Deductions 1,113,065,712 0 1,234,623,296 1,113,065,712
Total Taxable Value 8,277,952,939 0 8,834,401,298 8,277,952,939

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
8,436,175,876 8,277,952,939 8,436,175,876 8,277,952,939


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
158,222,937 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
8,436,175,876 8,277,952,939 8,436,175,876 8,277,952,939

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

170-906-02/Magnolia ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 6,566,822,613 0.9423 6,968,929,866 6,566,822,613
B - MULTIFAMILY 283,799,230 N/A 283,799,230 283,799,230
C1 - VACANT LOTS 271,479,697 0.7377 368,008,265 271,479,697
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,934,769 1.0133 15,726,345 15,934,769
D2 - FARM & RANCH IMP 1,161,410 N/A 1,161,410 1,161,410
E - NON-AG LAND AND IMPROVEMENTS 779,709,210 0.8422 925,800,534 779,709,210
F1 - COMMERCIAL REAL 923,290,537 0.9650 956,777,759 923,290,537
F2 - INDUSTRIAL REAL 41,006,213 N/A 41,006,213 41,006,213
G - ALL MINERALS 6,555,680 N/A 6,555,680 6,555,680
J - ALL UTILITIES 95,280,508 N/A 95,280,508 95,280,508
L1 - COMMERCIAL PERSONAL 230,701,056 N/A 230,701,056 230,701,056
L2 - INDUSTRIAL PERSONAL 58,843,453 N/A 58,843,453 58,843,453
M1 - MOBILE HOMES 53,381,599 N/A 53,381,599 53,381,599
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 62,441,730 N/A 62,441,730 62,441,730
S - SPECIAL INVENTORY 610,946 N/A 610,946 610,946
Subtotal 9,391,018,651 10,069,024,594 9,391,018,651
Less Total Deductions 1,113,065,712 1,234,623,296 1,113,065,712
Total Taxable Value 8,277,952,939 8,834,401,298 8,277,952,939

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
8,436,175,876 8,277,952,939 8,436,175,876 8,277,952,939


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
158,222,937 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
8,436,175,876 8,277,952,939 8,436,175,876 8,277,952,939

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