taxes Property Tax Assistance

2022 ISD Summary Worksheet

161-McLennan/McLennan County

161-903/Midway ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	5,204,549,789	0.9502	5,477,320,342	5,204,549,789
B - MULTIFAMILY	395,589,636	1.0560	374,611,398	395,589,636
C1 - VACANT LOTS	109,021,973	N/A	109,021,973	109,021,973
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,477,741	0.9832	5,571,453	5,477,741
D2 - FARM & RANCH IMP	5,172,749	N/A	5,172,749	5,172,749
E - NON-AG LAND AND IMPROVEMENTS	137,693,246	N/A	137,693,246	137,693,246
F1 - COMMERCIAL REAL	951,368,149	1.0607	896,924,813	951,368,149
F2 - INDUSTRIAL REAL	389,792,863	N/A	389,792,863	389,792,863
G - ALL MINERALS	1,723	N/A	1,723	1,723
J - ALL UTILITIES	118,521,142	N/A	118,521,142	118,521,142
L1 - COMMERCIAL PERSONAL	486,500,320	1.0055	483,839,204	486,500,320
L2 - INDUSTRIAL PERSONAL	945,826,670	N/A	945,826,670	945,826,670
M1 - MOBILE HOMES	2,899,992	N/A	2,899,992	2,899,992
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	21,321,840	N/A	21,321,840	21,321,840
S - SPECIAL INVENTORY	26,618,780	N/A	26,618,780	26,618,780
Subtotal	8,800,356,613	0	8,995,138,188	8,800,356,613
Less Total Deductions	1,541,572,763	0	1,643,327,174	1,541,572,763
Total Taxable Value	7,258,783,850	0	7,351,811,014	7,258,783,850

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
7,436,296,631	7,258,783,850	7,436,296,631	7,258,783,850	7,556,086,631

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
177,512,781	0	119,790,000

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
7,436,296,631	7,258,783,850	7,436,296,631	7,258,783,850	7,556,086,631

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

161-903-02/Midway ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	5,204,549,789	0.9502	5,477,320,342	5,204,549,789
B - MULTIFAMILY	395,589,636	1.0560	374,611,398	395,589,636
C1 - VACANT LOTS	109,021,973	N/A	109,021,973	109,021,973
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,477,741	0.9832	5,571,453	5,477,741
D2 - FARM & RANCH IMP	5,172,749	N/A	5,172,749	5,172,749
E - NON-AG LAND AND IMPROVEMENTS	137,693,246	N/A	137,693,246	137,693,246
F1 - COMMERCIAL REAL	951,368,149	1.0607	896,924,813	951,368,149
F2 - INDUSTRIAL REAL	389,792,863	N/A	389,792,863	389,792,863
G - ALL MINERALS	1,723	N/A	1,723	1,723
J - ALL UTILITIES	118,521,142	N/A	118,521,142	118,521,142
L1 - COMMERCIAL PERSONAL	486,500,320	1.0055	483,839,204	486,500,320
L2 - INDUSTRIAL PERSONAL	945,826,670	N/A	945,826,670	945,826,670
M1 - MOBILE HOMES	2,899,992	N/A	2,899,992	2,899,992
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	21,321,840	N/A	21,321,840	21,321,840
S - SPECIAL INVENTORY	26,618,780	N/A	26,618,780	26,618,780
Subtotal	8,800,356,613		8,995,138,188	8,800,356,613
Less Total Deductions	1,541,572,763		1,643,327,174	1,541,572,763
Total Taxable Value	7,258,783,850		7,351,811,014	7,258,783,850

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
7,436,296,631	7,258,783,850	7,436,296,631	7,258,783,850	7,556,086,631

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
177,512,781	0	119,790,000

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
7,436,296,631	7,258,783,850	7,436,296,631	7,258,783,850	7,556,086,631

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