taxes Property Tax Assistance

2017 ISD Summary Worksheet

220/Tarrant

220-910/Lake Worth ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 382,889,999 .9704 394,569,249 382,889,999
B. Multi-Family Residences 115,287,737 .9216 125,095,201 115,287,737
C1. Vacant Lots 45,694,349 N/A 45,694,349 45,694,349
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 58,656 2.6681 21,984 58,656
D2. Real Prop Farm & Ranch 21,720 N/A 21,720 21,720
E. Real Prop NonQual Acres 0 N/A 0 0
F1. Commercial Real 338,503,633 .9182 368,660,023 338,503,633
F2. Industrial Real 2,568,596 N/A 2,568,596 2,568,596
G. Oil, Gas, Minerals 11,286,670 N/A 11,286,670 11,286,670
J. Utilities 18,584,975 N/A 18,584,975 18,584,975
L1. Commercial Personal 86,104,828 1.0753 80,075,168 86,104,828
L2. Industrial Personal 14,689,421 N/A 14,689,421 14,689,421
M. Other Personal 173,572 N/A 173,572 173,572
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,191,288 N/A 1,191,288 1,191,288
Subtotal 1,017,055,444 1,062,632,216 1,017,055,444
Less Total Deductions 126,542,406   129,479,002 126,542,406
Total Taxable Value 890,513,038 933,153,214 890,513,038 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
910,926,675 890,513,038 910,926,675 890,513,038


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,413,637 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
910,926,675 890,513,038 910,926,675 890,513,038

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