taxes Property Tax Assistance

2020 ISD Summary Worksheet

039-Clay

039-905/Midway ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 10,002,240 0.9607 10,411,408 10,002,240
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 137,040 N/A 137,040 137,040
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,589,173 1.0453 11,086,526 11,589,173
D2 - FARM & RANCH IMP 2,940,150 N/A 2,940,150 2,940,150
E - NON-AG LAND AND IMPROVEMENTS 33,146,770 0.9622 34,448,940 33,146,770
F1 - COMMERCIAL REAL 158,210 N/A 158,210 158,210
F2 - INDUSTRIAL REAL 163,680,090 N/A 163,680,090 163,680,090
G - ALL MINERALS 14,690,730 0.9897 14,843,619 14,690,730
J - ALL UTILITIES 14,542,310 0.8854 16,424,565 14,542,310
L1 - COMMERCIAL PERSONAL 200,780 N/A 200,780 200,780
L2 - INDUSTRIAL PERSONAL 945,510 N/A 945,510 945,510
M1 - MOBILE HOMES 976,170 N/A 976,170 976,170
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 253,009,173 0 256,253,008 253,009,173
Less Total Deductions 172,499,616 0 173,065,398 172,499,616
Total Taxable Value 80,509,557 0 83,187,610 80,509,557

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
82,703,517 80,509,557 82,703,517 80,509,557


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,193,960 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
241,962,697 239,768,737 241,962,697 239,768,737

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

119-Jack

039-905/Midway ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 40,620 N/A 40,620 40,620
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 4,810 N/A 4,810 4,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 964,950 N/A 964,950 964,950
D2 - FARM & RANCH IMP 310,420 N/A 310,420 310,420
E - NON-AG LAND AND IMPROVEMENTS 2,170,140 N/A 2,170,140 2,170,140
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 1,253,950 N/A 1,253,950 1,253,950
J - ALL UTILITIES 1,056,480 N/A 1,056,480 1,056,480
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 168,590 N/A 168,590 168,590
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 5,969,960 0 5,969,960 5,969,960
Less Total Deductions 725,460 0 725,460 725,460
Total Taxable Value 5,244,500 0 5,244,500 5,244,500

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
5,424,290 5,244,500 5,424,290 5,244,500


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
179,790 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
5,424,290 5,244,500 5,424,290 5,244,500

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

039-905-02/Midway ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 10,042,860 0.9609 10,452,028 10,042,860
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 141,850 N/A 141,850 141,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,554,123 1.0417 12,051,476 12,554,123
D2 - FARM & RANCH IMP 3,250,570 N/A 3,250,570 3,250,570
E - NON-AG LAND AND IMPROVEMENTS 35,316,910 0.9644 36,619,080 35,316,910
F1 - COMMERCIAL REAL 158,210 N/A 158,210 158,210
F2 - INDUSTRIAL REAL 163,680,090 N/A 163,680,090 163,680,090
G - ALL MINERALS 15,944,680 0.9905 16,097,569 15,944,680
J - ALL UTILITIES 15,598,790 0.8923 17,481,045 15,598,790
L1 - COMMERCIAL PERSONAL 200,780 N/A 200,780 200,780
L2 - INDUSTRIAL PERSONAL 945,510 N/A 945,510 945,510
M1 - MOBILE HOMES 1,144,760 N/A 1,144,760 1,144,760
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 258,979,133 262,222,968 258,979,133
Less Total Deductions 173,225,076 173,790,858 173,225,076
Total Taxable Value 85,754,057 88,432,110 85,754,057

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
88,127,807 85,754,057 88,127,807 85,754,057


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
2,373,750 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
247,386,987 245,013,237 247,386,987 245,013,237

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