taxes Property Tax Assistance

2016 ISD Summary Worksheet

243/Wichita

243-905/Wichita Falls ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 2,773,263,585 N/A 2,773,263,585 2,773,263,585
B. Multi-Family Residences 206,778,105 N/A 206,778,105 206,778,105
C1. Vacant Lots 45,746,028 N/A 45,746,028 45,746,028
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,898,059 N/A 1,898,059 1,898,059
D2. Real Prop Farm & Ranch 645,741 N/A 645,741 645,741
E. Real Prop NonQual Acres 16,213,863 N/A 16,213,863 16,213,863
F1. Commercial Real 940,141,697 N/A 940,141,697 940,141,697
F2. Industrial Real 36,956,210 N/A 36,956,210 36,956,210
G. Oil, Gas, Minerals 1,863,200 N/A 1,863,200 1,863,200
J. Utilities 149,821,179 N/A 149,821,179 149,821,179
L1. Commercial Personal 489,480,003 N/A 489,480,003 489,480,003
L2. Industrial Personal 162,011,059 N/A 162,011,059 162,011,059
M. Other Personal 2,057,153 N/A 2,057,153 2,057,153
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 8,165,521 N/A 8,165,521 8,165,521
S. Special Inventory 29,561,022 N/A 29,561,022 29,561,022
Subtotal 4,864,602,425 4,864,602,425 4,864,602,425
Less Total Deductions 682,380,460   682,380,460 682,380,460
Total Taxable Value 4,182,221,965 4,182,221,965 4,182,221,965 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
4,328,553,452 4,182,221,965 4,328,553,452 4,182,221,965


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
146,331,487 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
4,328,553,452 4,182,221,965 4,328,553,452 4,182,221,965

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