taxes Property Tax Assistance

2017 ISD Summary Worksheet

176/Newton

176-902/Newton ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 120,334,623 N/A 120,334,623 120,334,623
B. Multi-Family Residences 969,350 N/A 969,350 969,350
C1. Vacant Lots 8,729,938 N/A 8,729,938 8,729,938
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 51,029,284 N/A 51,029,284 51,029,284
D2. Real Prop Farm & Ranch 505,405 N/A 505,405 505,405
E. Real Prop NonQual Acres 66,873,084 N/A 66,873,084 66,873,084
F1. Commercial Real 13,346,654 N/A 13,346,654 13,346,654
F2. Industrial Real 3,681,468 N/A 3,681,468 3,681,468
G. Oil, Gas, Minerals 18,604,643 N/A 18,604,643 18,604,643
J. Utilities 23,377,891 N/A 23,377,891 23,377,891
L1. Commercial Personal 5,025,768 N/A 5,025,768 5,025,768
L2. Industrial Personal 5,066,530 N/A 5,066,530 5,066,530
M. Other Personal 14,097,024 N/A 14,097,024 14,097,024
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 3,000 N/A 3,000 3,000
S. Special Inventory 0 N/A 0 0
Subtotal 331,644,662 331,644,662 331,644,662
Less Total Deductions 80,030,853   80,030,853 80,030,853
Total Taxable Value 251,613,809 251,613,809 251,613,809 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
264,841,216 251,613,809 253,169,002 239,941,595


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,227,407 11,672,214


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
264,841,216 251,613,809 253,169,002 239,941,595

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