taxes Property Tax Assistance

2017 ISD Summary Worksheet

126/Johnson

126-908/Venus ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 211,944,327 .9421 224,970,096 211,944,327
B. Multi-Family Residences 1,066,010 N/A 1,066,010 1,066,010
C1. Vacant Lots 7,747,287 N/A 7,747,287 7,747,287
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,253,796 .9942 2,267,008 2,253,796
D2. Real Prop Farm & Ranch 785,243 N/A 785,243 785,243
E. Real Prop NonQual Acres 46,609,675 .9384 49,669,304 46,609,675
F1. Commercial Real 9,289,574 N/A 9,289,574 9,289,574
F2. Industrial Real 1,954,121 N/A 1,954,121 1,954,121
G. Oil, Gas, Minerals 9,509,688 N/A 9,509,688 9,509,688
J. Utilities 21,475,578 1.1531 18,624,211 21,475,578
L1. Commercial Personal 7,303,487 N/A 7,303,487 7,303,487
L2. Industrial Personal 2,845,994 N/A 2,845,994 2,845,994
M. Other Personal 3,653,960 N/A 3,653,960 3,653,960
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 7,413 N/A 7,413 7,413
Subtotal 326,446,153 339,693,396 326,446,153
Less Total Deductions 59,817,466   62,320,442 59,817,466
Total Taxable Value 266,628,687 277,372,954 266,628,687 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
279,820,453 266,628,687 279,820,453 266,628,687


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
13,191,766 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
279,820,453 266,628,687 279,820,453 266,628,687

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