taxes Property Tax Assistance

2016 ISD Summary Worksheet

187/Polk

187-906/Leggett ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 24,892,696 N/A 24,892,696 24,892,696
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 2,197,501 N/A 2,197,501 2,197,501
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,599,037 N/A 10,599,037 10,599,037
D2. Real Prop Farm & Ranch 1,439,261 N/A 1,439,261 1,439,261
E. Real Prop NonQual Acres 14,386,800 N/A 14,386,800 14,386,800
F1. Commercial Real 942,347 N/A 942,347 942,347
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 15,704,710 N/A 15,704,710 15,704,710
J. Utilities 19,036,476 N/A 19,036,476 19,036,476
L1. Commercial Personal 1,643,907 N/A 1,643,907 1,643,907
L2. Industrial Personal 4,901,820 N/A 4,901,820 4,901,820
M. Other Personal 2,299,787 N/A 2,299,787 2,299,787
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 98,044,342 98,044,342 98,044,342
Less Total Deductions 12,323,140   12,323,140 12,323,140
Total Taxable Value 85,721,202 85,721,202 85,721,202 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
88,049,593 85,721,202 88,049,593 85,721,202


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,328,391 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
88,049,593 85,721,202 88,049,593 85,721,202

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