taxes Property Tax Assistance

2016 ISD Summary Worksheet

161/McLennan

161-906/La Vega ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 244,583,098 .9906 246,903,996 244,583,098
B. Multi-Family Residences 15,003,588 N/A 15,003,588 15,003,588
C1. Vacant Lots 15,915,847 N/A 15,915,847 15,915,847
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,362,749 1.1767 1,158,097 1,362,749
D2. Real Prop Farm & Ranch 879,677 N/A 879,677 879,677
E. Real Prop NonQual Acres 25,832,351 N/A 25,832,351 25,832,351
F1. Commercial Real 216,493,008 1.0305 210,085,403 216,493,008
F2. Industrial Real 121,634,302 N/A 121,634,302 121,634,302
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 30,083,450 N/A 30,083,450 30,083,450
L1. Commercial Personal 146,064,730 .9986 146,269,507 146,064,730
L2. Industrial Personal 19,564,440 N/A 19,564,440 19,564,440
M. Other Personal 4,297,350 N/A 4,297,350 4,297,350
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,321,550 N/A 2,321,550 2,321,550
S. Special Inventory 614,560 N/A 614,560 614,560
Subtotal 844,650,700 840,564,118 844,650,700
Less Total Deductions 106,319,716   107,083,075 106,319,716
Total Taxable Value 738,330,984 733,481,043 738,330,984 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
759,088,261 738,330,984 759,088,261 738,330,984


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,757,277 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
759,088,261 738,330,984 759,088,261 738,330,984

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