taxes Property Tax Assistance

2022 ISD Summary Worksheet

073-Falls/Falls County

073-904/Westphalia ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	4,562,290	1.0018	4,554,093	4,562,290
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	76,540	N/A	76,540	76,540
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,338,095	0.8198	2,852,131	2,338,095
D2 - FARM & RANCH IMP	1,985,300	1.1078	1,792,110	1,985,300
E - NON-AG LAND AND IMPROVEMENTS	18,007,850	1.0335	17,424,141	18,007,850
F1 - COMMERCIAL REAL	562,390	N/A	562,390	562,390
F2 - INDUSTRIAL REAL	257,870	N/A	257,870	257,870
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	3,758,830	0.9997	3,759,958	3,758,830
L1 - COMMERCIAL PERSONAL	272,270	N/A	272,270	272,270
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	238,440	N/A	238,440	238,440
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	32,059,875	0	31,789,943	32,059,875
Less Total Deductions	9,011,506	0	8,996,324	9,011,506
Total Taxable Value	23,048,369	0	22,793,619	23,048,369

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	T13
24,641,399	23,048,369	24,641,399	23,048,369	25,901,399

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
1,593,030	0	1,260,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
24,641,399	23,048,369	24,641,399	23,048,369	25,901,399

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

073-904-02/Westphalia ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	4,562,290	1.0018	4,554,093	4,562,290
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	76,540	N/A	76,540	76,540
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,338,095	0.8198	2,852,131	2,338,095
D2 - FARM & RANCH IMP	1,985,300	1.1078	1,792,110	1,985,300
E - NON-AG LAND AND IMPROVEMENTS	18,007,850	1.0335	17,424,141	18,007,850
F1 - COMMERCIAL REAL	562,390	N/A	562,390	562,390
F2 - INDUSTRIAL REAL	257,870	N/A	257,870	257,870
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	3,758,830	0.9997	3,759,958	3,758,830
L1 - COMMERCIAL PERSONAL	272,270	N/A	272,270	272,270
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	238,440	N/A	238,440	238,440
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	32,059,875		31,789,943	32,059,875
Less Total Deductions	9,011,506		8,996,324	9,011,506
Total Taxable Value	23,048,369		22,793,619	23,048,369

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	T13
24,641,399	23,048,369	24,641,399	23,048,369	25,901,399

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
1,593,030	0	1,260,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
24,641,399	23,048,369	24,641,399	23,048,369	25,901,399

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement