taxes Property Tax Assistance

2017 ISD Summary Worksheet

126/Johnson

126-906/Keene ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 91,925,041 .8946 102,755,467 91,925,041
B. Multi-Family Residences 14,476,775 .8819 16,415,438 14,476,775
C1. Vacant Lots 3,364,247 N/A 3,364,247 3,364,247
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 94,631 1.4025 67,474 94,631
D2. Real Prop Farm & Ranch 300,934 N/A 300,934 300,934
E. Real Prop NonQual Acres 19,771,812 .9378 21,083,186 19,771,812
F1. Commercial Real 17,191,702 .9365 18,357,397 17,191,702
F2. Industrial Real 736,080 N/A 736,080 736,080
G. Oil, Gas, Minerals 3,362,575 N/A 3,362,575 3,362,575
J. Utilities 4,529,069 N/A 4,529,069 4,529,069
L1. Commercial Personal 20,667,991 .9993 20,682,469 20,667,991
L2. Industrial Personal 294,369 N/A 294,369 294,369
M. Other Personal 2,068,894 N/A 2,068,894 2,068,894
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 217,223 N/A 217,223 217,223
S. Special Inventory 284,520 N/A 284,520 284,520
Subtotal 179,285,863 194,519,342 179,285,863
Less Total Deductions 29,592,804   33,863,726 29,592,804
Total Taxable Value 149,693,059 160,655,616 149,693,059 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
155,558,113 149,693,059 155,558,113 149,693,059


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,865,054 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
155,558,113 149,693,059 155,558,113 149,693,059

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 one of the grace period.