taxes Property Tax Assistance

2016 ISD Summary Worksheet

223/Terry

223-902/Meadow ISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 7,393,312 .7240 10,211,757 7,393,312
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 57,312 N/A 57,312 57,312
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,391,587 1.0022 17,352,824 17,391,587
D2. Real Prop Farm & Ranch 1,244,764 N/A 1,244,764 1,244,764
E. Real Prop NonQual Acres 6,981,256 .7445 9,377,107 6,981,256
F1. Commercial Real 901,680 N/A 901,680 901,680
F2. Industrial Real 937,078 N/A 937,078 937,078
G. Oil, Gas, Minerals 11,184,966 1.0268 10,893,033 11,184,966
J. Utilities 5,380,171 .8678 6,199,782 5,380,171
L1. Commercial Personal 614,946 N/A 614,946 614,946
L2. Industrial Personal 2,690,466 N/A 2,690,466 2,690,466
M. Other Personal 142,874 N/A 142,874 142,874
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 54,920,412 60,623,623 54,920,412
Less Total Deductions 5,305,743   6,774,129 5,305,743
Total Taxable Value 49,614,669 53,849,494 49,614,669 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
50,441,655 49,614,669 50,441,655 49,614,669


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
826,986 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
50,441,655 49,614,669 50,441,655 49,614,669

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 invalid, but local value was certified because your school district is in year two of the grace period.