taxes Property Tax Assistance

2017 ISD Summary Worksheet

238/Ward

238-904/Grandfalls-Royalty ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 6,488,860 N/A 6,488,860 6,488,860
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,192,740 N/A 1,192,740 1,192,740
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 378,410 N/A 378,410 378,410
D2. Real Prop Farm & Ranch 568,080 N/A 568,080 568,080
E. Real Prop NonQual Acres 3,171,480 N/A 3,171,480 3,171,480
F1. Commercial Real 437,400 N/A 437,400 437,400
F2. Industrial Real 10,660 N/A 10,660 10,660
G. Oil, Gas, Minerals 41,594,340 N/A 41,594,340 41,594,340
J. Utilities 39,045,870 N/A 39,045,870 39,045,870
L1. Commercial Personal 602,930 N/A 602,930 602,930
L2. Industrial Personal 5,554,150 N/A 5,554,150 5,554,150
M. Other Personal 929,800 N/A 929,800 929,800
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 99,974,720 99,974,720 99,974,720
Less Total Deductions 4,956,704   4,956,704 4,956,704
Total Taxable Value 95,018,016 95,018,016 95,018,016 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
95,427,126 95,018,016 95,190,896 94,781,786


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
409,110 236,230


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
95,427,126 95,018,016 95,190,896 94,781,786

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