taxes Property Tax Assistance

2017 ISD Summary Worksheet

156/Martin

156-905/Grady ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 786,300 N/A 786,300 786,300
B. Multi-Family Residences 309,920 N/A 309,920 309,920
C1. Vacant Lots 9,820 N/A 9,820 9,820
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,998,190 N/A 9,998,190 9,998,190
D2. Real Prop Farm & Ranch 5,338,220 N/A 5,338,220 5,338,220
E. Real Prop NonQual Acres 23,296,900 N/A 23,296,900 23,296,900
F1. Commercial Real 447,610 N/A 447,610 447,610
F2. Industrial Real 110,997,960 N/A 110,997,960 110,997,960
G. Oil, Gas, Minerals 1,208,960,560 N/A 1,208,960,560 1,208,960,560
J. Utilities 104,251,200 N/A 104,251,200 104,251,200
L1. Commercial Personal 9,308,390 N/A 9,308,390 9,308,390
L2. Industrial Personal 28,618,320 N/A 28,618,320 28,618,320
M. Other Personal 1,918,410 N/A 1,918,410 1,918,410
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 1,504,241,800 1,504,241,800 1,504,241,800
Less Total Deductions 9,568,252   9,568,252 9,568,252
Total Taxable Value 1,494,673,548 1,494,673,548 1,494,673,548 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
1,495,825,588 1,494,673,548 1,494,617,613 1,493,465,573


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,152,040 1,207,975


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
1,498,988,478 1,497,836,438 1,497,780,503 1,496,628,463

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