taxes Property Tax Assistance

2017 ISD Summary Worksheet

245/Willacy

245-901/Lasara ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 13,888,239 .8858 15,678,753 13,888,239
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,189,053 N/A 1,189,053 1,189,053
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 8,112,434 .9190 8,827,432 8,112,434
D2. Real Prop Farm & Ranch 558,026 N/A 558,026 558,026
E. Real Prop NonQual Acres 9,017,451 1.1013 8,188,006 9,017,451
F1. Commercial Real 1,328,535 N/A 1,328,535 1,328,535
F2. Industrial Real 7,000 N/A 7,000 7,000
G. Oil, Gas, Minerals 2,905,800 .9925 2,927,758 2,905,800
J. Utilities 4,494,020 .9935 4,523,422 4,494,020
L1. Commercial Personal 106,091 N/A 106,091 106,091
L2. Industrial Personal 1,000,270 N/A 1,000,270 1,000,270
M. Other Personal 164,286 N/A 164,286 164,286
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 42,771,205 44,498,632 42,771,205
Less Total Deductions 8,060,098   8,689,516 8,060,098
Total Taxable Value 34,711,107 35,809,116 34,711,107 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
36,830,902 34,711,107 36,830,902 34,711,107


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,119,795 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
36,830,902 34,711,107 36,830,902 34,711,107

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