taxes Property Tax Assistance

2016 ISD Summary Worksheet

126/Johnson

126-908/Venus ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 185,903,945 N/A 185,903,945 185,903,945
B. Multi-Family Residences 961,997 N/A 961,997 961,997
C1. Vacant Lots 9,040,688 N/A 9,040,688 9,040,688
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,692,260 N/A 1,692,260 1,692,260
D2. Real Prop Farm & Ranch 779,839 N/A 779,839 779,839
E. Real Prop NonQual Acres 40,840,352 N/A 40,840,352 40,840,352
F1. Commercial Real 9,216,128 N/A 9,216,128 9,216,128
F2. Industrial Real 15,420,164 N/A 15,420,164 15,420,164
G. Oil, Gas, Minerals 11,913,223 N/A 11,913,223 11,913,223
J. Utilities 22,990,160 N/A 22,990,160 22,990,160
L1. Commercial Personal 6,572,098 N/A 6,572,098 6,572,098
L2. Industrial Personal 3,029,146 N/A 3,029,146 3,029,146
M. Other Personal 3,537,946 N/A 3,537,946 3,537,946
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 42,400 N/A 42,400 42,400
S. Special Inventory 32,096 N/A 32,096 32,096
Subtotal 311,972,442 311,972,442 311,972,442
Less Total Deductions 54,090,832   54,090,832 54,090,832
Total Taxable Value 257,881,610 257,881,610 257,881,610 T2

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
270,655,710 257,881,610 270,655,710 257,881,610


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,774,100 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
270,655,710 257,881,610 270,655,710 257,881,610

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 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

The PVS found your local value to be valid, and local value was certified