taxes Property Tax Assistance

2016 ISD Summary Worksheet

238/Ward

238-904/Grandfalls-Royalty ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 6,686,720 N/A 6,686,720 6,686,720
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,192,804 N/A 1,192,804 1,192,804
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 378,340 .7401 511,225 378,340
D2. Real Prop Farm & Ranch 568,560 N/A 568,560 568,560
E. Real Prop NonQual Acres 3,179,750 N/A 3,179,750 3,179,750
F1. Commercial Real 437,400 N/A 437,400 437,400
F2. Industrial Real 10,660 N/A 10,660 10,660
G. Oil, Gas, Minerals 39,377,680 1.0407 37,837,686 39,377,680
J. Utilities 34,727,390 .9525 36,459,202 34,727,390
L1. Commercial Personal 634,410 N/A 634,410 634,410
L2. Industrial Personal 5,936,670 N/A 5,936,670 5,936,670
M. Other Personal 877,610 N/A 877,610 877,610
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 94,007,994 94,332,697 94,007,994
Less Total Deductions 4,762,393   4,762,393 4,762,393
Total Taxable Value 89,245,601 89,570,304 89,245,601 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
89,538,551 89,245,601 89,353,901 89,060,951


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
292,950 184,650


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
89,538,551 89,245,601 89,353,901 89,060,951

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