taxes Property Tax Assistance

2022 ISD Summary Worksheet

073-Falls/Falls County

161-907/Lorena ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 2,812,730 N/A 2,812,730 2,812,730
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 719,000 N/A 719,000 719,000
D2 - FARM & RANCH IMP 826,250 N/A 826,250 826,250
E - NON-AG LAND AND IMPROVEMENTS 17,848,000 N/A 17,848,000 17,848,000
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 245,490 N/A 245,490 245,490
L1 - COMMERCIAL PERSONAL 262,170 N/A 262,170 262,170
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 159,410 N/A 159,410 159,410
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 22,873,050 0 22,873,050 22,873,050
Less Total Deductions 6,479,025 0 6,479,025 6,479,025
Total Taxable Value 16,394,025 0 16,394,025 16,394,025

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
17,239,970 16,394,025 17,239,970 16,394,025 17,919,970


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
845,945 0 680,000


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
17,239,970 16,394,025 17,239,970 16,394,025 17,919,970

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

161-McLennan/McLennan County

161-907/Lorena ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 827,014,577 0.9946 831,504,702 827,014,577
B - MULTIFAMILY 8,577,847 N/A 8,577,847 8,577,847
C1 - VACANT LOTS 15,445,518 N/A 15,445,518 15,445,518
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,848,779 1.0966 3,509,731 3,848,779
D2 - FARM & RANCH IMP 6,516,554 N/A 6,516,554 6,516,554
E - NON-AG LAND AND IMPROVEMENTS 162,653,498 0.9431 172,466,862 162,653,498
F1 - COMMERCIAL REAL 38,169,054 N/A 38,169,054 38,169,054
F2 - INDUSTRIAL REAL 1,728,728 N/A 1,728,728 1,728,728
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 16,019,226 N/A 16,019,226 16,019,226
L1 - COMMERCIAL PERSONAL 32,677,450 N/A 32,677,450 32,677,450
L2 - INDUSTRIAL PERSONAL 1,526,460 N/A 1,526,460 1,526,460
M1 - MOBILE HOMES 3,625,405 N/A 3,625,405 3,625,405
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 6,845,320 N/A 6,845,320 6,845,320
S - SPECIAL INVENTORY 1,386,470 N/A 1,386,470 1,386,470
Subtotal 1,126,034,886 0 1,139,999,327 1,126,034,886
Less Total Deductions 306,749,657 0 308,730,272 306,749,657
Total Taxable Value 819,285,229 0 831,269,055 819,285,229

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
851,872,725 819,285,229 851,872,725 819,285,229 874,602,725


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
32,587,496 0 22,730,000


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
851,872,725 819,285,229 851,872,725 819,285,229 874,602,725

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

161-907-02/Lorena ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 829,827,307 0.9946 834,317,432 829,827,307
B - MULTIFAMILY 8,577,847 N/A 8,577,847 8,577,847
C1 - VACANT LOTS 15,445,518 N/A 15,445,518 15,445,518
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,567,779 1.0802 4,228,731 4,567,779
D2 - FARM & RANCH IMP 7,342,804 N/A 7,342,804 7,342,804
E - NON-AG LAND AND IMPROVEMENTS 180,501,498 0.9484 190,314,862 180,501,498
F1 - COMMERCIAL REAL 38,169,054 N/A 38,169,054 38,169,054
F2 - INDUSTRIAL REAL 1,728,728 N/A 1,728,728 1,728,728
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 16,264,716 N/A 16,264,716 16,264,716
L1 - COMMERCIAL PERSONAL 32,939,620 N/A 32,939,620 32,939,620
L2 - INDUSTRIAL PERSONAL 1,526,460 N/A 1,526,460 1,526,460
M1 - MOBILE HOMES 3,784,815 N/A 3,784,815 3,784,815
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 6,845,320 N/A 6,845,320 6,845,320
S - SPECIAL INVENTORY 1,386,470 N/A 1,386,470 1,386,470
Subtotal 1,148,907,936 1,162,872,377 1,148,907,936
Less Total Deductions 313,228,682 315,209,297 313,228,682
Total Taxable Value 835,679,254 847,663,080 835,679,254

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
869,112,695 835,679,254 869,112,695 835,679,254 892,522,695


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
33,433,441 0 23,410,000


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
869,112,695 835,679,254 869,112,695 835,679,254 892,522,695

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