taxes Property Tax Assistance

2022 ISD Summary Worksheet

166-Milam/Milam County

166-903/Milano ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	24,731,131	N/A	24,731,131	24,731,131
B - MULTIFAMILY	41,070	N/A	41,070	41,070
C1 - VACANT LOTS	311,570	N/A	311,570	311,570
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,848,877	N/A	5,848,877	5,848,877
D2 - FARM & RANCH IMP	6,301,500	N/A	6,301,500	6,301,500
E - NON-AG LAND AND IMPROVEMENTS	126,044,201	N/A	126,044,201	126,044,201
F1 - COMMERCIAL REAL	5,702,650	N/A	5,702,650	5,702,650
F2 - INDUSTRIAL REAL	439,420	N/A	439,420	439,420
G - ALL MINERALS	2,883,050	N/A	2,883,050	2,883,050
J - ALL UTILITIES	30,009,780	N/A	30,009,780	30,009,780
L1 - COMMERCIAL PERSONAL	1,736,830	N/A	1,736,830	1,736,830
L2 - INDUSTRIAL PERSONAL	2,009,780	N/A	2,009,780	2,009,780
M1 - MOBILE HOMES	7,546,680	N/A	7,546,680	7,546,680
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	11,360	N/A	11,360	11,360
Subtotal	213,617,899	0	213,617,899	213,617,899
Less Total Deductions	46,595,556	0	46,595,556	46,595,556
Total Taxable Value	167,022,343	0	167,022,343	167,022,343

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
172,015,794	167,022,343	172,015,794	167,022,343	178,345,794

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
4,993,451	0	6,330,000

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
172,015,794	167,022,343	172,015,794	167,022,343	178,345,794

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

166-903-02/Milano ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	24,731,131	N/A	24,731,131	24,731,131
B - MULTIFAMILY	41,070	N/A	41,070	41,070
C1 - VACANT LOTS	311,570	N/A	311,570	311,570
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,848,877	N/A	5,848,877	5,848,877
D2 - FARM & RANCH IMP	6,301,500	N/A	6,301,500	6,301,500
E - NON-AG LAND AND IMPROVEMENTS	126,044,201	N/A	126,044,201	126,044,201
F1 - COMMERCIAL REAL	5,702,650	N/A	5,702,650	5,702,650
F2 - INDUSTRIAL REAL	439,420	N/A	439,420	439,420
G - ALL MINERALS	2,883,050	N/A	2,883,050	2,883,050
J - ALL UTILITIES	30,009,780	N/A	30,009,780	30,009,780
L1 - COMMERCIAL PERSONAL	1,736,830	N/A	1,736,830	1,736,830
L2 - INDUSTRIAL PERSONAL	2,009,780	N/A	2,009,780	2,009,780
M1 - MOBILE HOMES	7,546,680	N/A	7,546,680	7,546,680
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	11,360	N/A	11,360	11,360
Subtotal	213,617,899		213,617,899	213,617,899
Less Total Deductions	46,595,556		46,595,556	46,595,556
Total Taxable Value	167,022,343		167,022,343	167,022,343

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
172,015,794	167,022,343	172,015,794	167,022,343	178,345,794

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
4,993,451	0	6,330,000

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
172,015,794	167,022,343	172,015,794	167,022,343	178,345,794

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