taxes Property Tax Assistance

2016 ISD Summary Worksheet

161/McLennan

161-903/Midway ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 2,536,930,904 .9552 2,655,915,938 2,536,930,904
B. Multi-Family Residences 211,601,047 .9957 212,514,861 211,601,047
C1. Vacant Lots 80,744,992 N/A 80,744,992 80,744,992
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,491,425 1.0843 5,064,578 5,491,425
D2. Real Prop Farm & Ranch 2,960,681 N/A 2,960,681 2,960,681
E. Real Prop NonQual Acres 68,197,663 N/A 68,197,663 68,197,663
F1. Commercial Real 632,508,864 1.0015 631,561,522 632,508,864
F2. Industrial Real 297,293,768 N/A 297,293,768 297,293,768
G. Oil, Gas, Minerals 30,566 N/A 30,566 30,566
J. Utilities 82,794,520 N/A 82,794,520 82,794,520
L1. Commercial Personal 665,798,740 1.0357 642,849,030 665,798,740
L2. Industrial Personal 488,171,520 N/A 488,171,520 488,171,520
M. Other Personal 1,704,200 N/A 1,704,200 1,704,200
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 21,887,550 N/A 21,887,550 21,887,550
S. Special Inventory 15,327,420 N/A 15,327,420 15,327,420
Subtotal 5,111,443,860 5,207,018,809 5,111,443,860
Less Total Deductions 561,365,058   596,620,623 561,365,058
Total Taxable Value 4,550,078,802 4,610,398,186 4,550,078,802 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
4,657,525,398 4,550,078,802 4,657,525,398 4,550,078,802


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
107,446,596 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
4,657,525,398 4,550,078,802 4,657,525,398 4,550,078,802

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