taxes Property Tax Assistance

2021 ISD Summary Worksheet

126-Johnson /Johnson County

126-908/Venus ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	450,261,033	0.9309	483,683,568	450,261,033
B - MULTIFAMILY	1,517,095	N/A	1,517,095	1,517,095
C1 - VACANT LOTS	12,242,658	N/A	12,242,658	12,242,658
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,022,149	1.2499	2,417,999	3,022,149
D2 - FARM & RANCH IMP	861,671	N/A	861,671	861,671
E - NON-AG LAND AND IMPROVEMENTS	85,840,719	0.9070	94,642,469	85,840,719
F1 - COMMERCIAL REAL	17,202,353	N/A	17,202,353	17,202,353
F2 - INDUSTRIAL REAL	2,014,524	N/A	2,014,524	2,014,524
G - ALL MINERALS	10,570,796	N/A	10,570,796	10,570,796
J - ALL UTILITIES	21,263,376	N/A	21,263,376	21,263,376
L1 - COMMERCIAL PERSONAL	8,802,192	N/A	8,802,192	8,802,192
L2 - INDUSTRIAL PERSONAL	2,351,184	N/A	2,351,184	2,351,184
M1 - MOBILE HOMES	4,990,125	N/A	4,990,125	4,990,125
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	157,891	N/A	157,891	157,891
S - SPECIAL INVENTORY	287,205	N/A	287,205	287,205
Subtotal	621,384,971	0	663,005,106	621,384,971
Less Total Deductions	111,245,953	0	118,632,030	111,245,953
Total Taxable Value	510,139,018	0	544,373,076	510,139,018

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
526,019,704	510,139,018	526,019,704	510,139,018

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
15,880,686	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
526,019,704	510,139,018	526,019,704	510,139,018

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

126-908-02/Venus ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	450,261,033	0.9309	483,683,568	450,261,033
B - MULTIFAMILY	1,517,095	N/A	1,517,095	1,517,095
C1 - VACANT LOTS	12,242,658	N/A	12,242,658	12,242,658
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,022,149	1.2499	2,417,999	3,022,149
D2 - FARM & RANCH IMP	861,671	N/A	861,671	861,671
E - NON-AG LAND AND IMPROVEMENTS	85,840,719	0.9070	94,642,469	85,840,719
F1 - COMMERCIAL REAL	17,202,353	N/A	17,202,353	17,202,353
F2 - INDUSTRIAL REAL	2,014,524	N/A	2,014,524	2,014,524
G - ALL MINERALS	10,570,796	N/A	10,570,796	10,570,796
J - ALL UTILITIES	21,263,376	N/A	21,263,376	21,263,376
L1 - COMMERCIAL PERSONAL	8,802,192	N/A	8,802,192	8,802,192
L2 - INDUSTRIAL PERSONAL	2,351,184	N/A	2,351,184	2,351,184
M1 - MOBILE HOMES	4,990,125	N/A	4,990,125	4,990,125
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	157,891	N/A	157,891	157,891
S - SPECIAL INVENTORY	287,205	N/A	287,205	287,205
Subtotal	621,384,971		663,005,106	621,384,971
Less Total Deductions	111,245,953		118,632,030	111,245,953
Total Taxable Value	510,139,018		544,373,076	510,139,018

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
526,019,704	510,139,018	526,019,704	510,139,018

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
15,880,686	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
526,019,704	510,139,018	526,019,704	510,139,018

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