taxes Property Tax Assistance

2023 ISD Summary Worksheet

Midway ISD (all splits)   Clay County   Jack County  

039-Clay/Clay County

039-905/Midway ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 13,921,860 N/A 13,921,860 13,921,860
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 220,990 N/A 220,990 220,990
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,461,551 N/A 11,461,551 11,461,551
D2 - FARM & RANCH IMP 4,004,890 N/A 4,004,890 4,004,890
E - NON-AG LAND AND IMPROVEMENTS 50,259,720 N/A 50,259,720 50,259,720
F1 - COMMERCIAL REAL 292,790 N/A 292,790 292,790
F2 - INDUSTRIAL REAL 95,340,000 N/A 95,340,000 95,340,000
G - ALL MINERALS 17,970,780 N/A 17,970,780 17,970,780
J - ALL UTILITIES 13,215,810 N/A 13,215,810 13,215,810
L1 - COMMERCIAL PERSONAL 182,940 N/A 182,940 182,940
L2 - INDUSTRIAL PERSONAL 760,090 N/A 760,090 760,090
M1 - MOBILE HOMES 1,403,220 N/A 1,403,220 1,403,220
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 209,034,641 0 209,034,641 209,034,641
Less Total Deductions 122,495,337 0 122,495,337 122,495,337
Total Taxable Value 86,539,304 0 86,539,304 86,539,304

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

Measure Value Description
T1 97,873,834 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 86,539,304 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 97,873,834 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 86,539,304 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 101,893,834 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 104,573,834 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 89,994,795 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 188,505,114 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 177,170,584 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 188,505,114 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 177,170,584 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 192,525,114 T13 plus the loss to the chapter 313 agreement
T16 195,205,114 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 180,626,075 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 11,334,530 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 4,020,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,680,000 Loss to Second Previous Homestead Increase

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


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119-Jack/Jack County

039-905/Midway ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 262,180 N/A 262,180 262,180
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 24,840 N/A 24,840 24,840
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 964,650 N/A 964,650 964,650
D2 - FARM & RANCH IMP 421,680 N/A 421,680 421,680
E - NON-AG LAND AND IMPROVEMENTS 3,267,250 N/A 3,267,250 3,267,250
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 802,000 N/A 802,000 802,000
J - ALL UTILITIES 888,560 N/A 888,560 888,560
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 259,310 N/A 259,310 259,310
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 6,890,470 0 6,890,470 6,890,470
Less Total Deductions 1,618,409 0 1,618,409 1,618,409
Total Taxable Value 5,272,061 0 5,272,061 5,272,061

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

Measure Value Description
T1 5,692,001 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 5,272,061 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 5,692,001 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 5,272,061 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 6,067,001 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 6,317,001 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 5,272,061 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 5,692,001 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 5,272,061 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 5,692,001 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 5,272,061 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 6,067,001 T13 plus the loss to the chapter 313 agreement
T16 6,317,001 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 5,272,061 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 419,940 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 375,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 250,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID BECAUSE THIS PORTION OF THE SCHOOL DISTRICT WAS TOO SMALL TO BE STUDIED, AND LOCAL VALUE WAS CERTIFIED


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039-905-02/Midway ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 14,184,040 N/A 14,184,040 14,184,040
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 245,830 N/A 245,830 245,830
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,426,201 N/A 12,426,201 12,426,201
D2 - FARM & RANCH IMP 4,426,570 N/A 4,426,570 4,426,570
E - NON-AG LAND AND IMPROVEMENTS 53,526,970 N/A 53,526,970 53,526,970
F1 - COMMERCIAL REAL 292,790 N/A 292,790 292,790
F2 - INDUSTRIAL REAL 95,340,000 N/A 95,340,000 95,340,000
G - ALL MINERALS 18,772,780 N/A 18,772,780 18,772,780
J - ALL UTILITIES 14,104,370 N/A 14,104,370 14,104,370
L1 - COMMERCIAL PERSONAL 182,940 N/A 182,940 182,940
L2 - INDUSTRIAL PERSONAL 760,090 N/A 760,090 760,090
M1 - MOBILE HOMES 1,662,530 N/A 1,662,530 1,662,530
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 215,925,111 215,925,111 215,925,111
Less Total Deductions 124,113,746 124,113,746 124,113,746
Total Taxable Value 91,811,365 91,811,365 91,811,365

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

Measure Value Description
T1 103,565,835 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 91,811,365 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 103,565,835 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 91,811,365 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 107,960,835 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 110,890,835 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 95,266,856 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 194,197,115 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 182,442,645 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 194,197,115 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 182,442,645 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 198,592,115 T13 plus the loss to the chapter 313 agreement
T16 201,522,115 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 185,898,136 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 11,754,470 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 4,395,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,930,000 Loss to Second Previous Homestead Increase

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