taxes Property Tax Assistance

2016 ISD Summary Worksheet

165/Midland

165-902/Greenwood ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 500,673,350 .9835 509,073,055 500,673,350
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 24,249,200 N/A 24,249,200 24,249,200
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,426,170 .9014 4,910,418 4,426,170
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 70,917,200 .9629 73,649,600 70,917,200
F1. Commercial Real 46,719,770 N/A 46,719,770 46,719,770
F2. Industrial Real 77,514,360 N/A 77,514,360 77,514,360
G. Oil, Gas, Minerals 288,565,680 1.0004 288,450,300 288,565,680
J. Utilities 83,142,440 .9213 90,244,698 83,142,440
L1. Commercial Personal 50,539,630 N/A 50,539,630 50,539,630
L2. Industrial Personal 189,924,850 N/A 189,924,850 189,924,850
M. Other Personal 28,586,590 N/A 28,586,590 28,586,590
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 4,550,100 N/A 4,550,100 4,550,100
S. Special Inventory 463,610 N/A 463,610 463,610
Subtotal 1,370,272,950 1,388,876,181 1,370,272,950
Less Total Deductions 78,897,122   79,882,278 78,897,122
Total Taxable Value 1,291,375,828 1,308,993,903 1,291,375,828 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
1,305,811,565 1,291,375,828 1,269,461,480 1,255,025,743


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
14,435,737 36,350,085


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
1,305,811,565 1,291,375,828 1,269,461,480 1,255,025,743

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