taxes Property Tax Assistance

2016 ISD Summary Worksheet

243/Wichita

243-902/Electra ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 49,974,718 N/A 49,974,718 49,974,718
B. Multi-Family Residences 784,628 N/A 784,628 784,628
C1. Vacant Lots 532,271 N/A 532,271 532,271
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,396,852 N/A 13,396,852 13,396,852
D2. Real Prop Farm & Ranch 370,132 N/A 370,132 370,132
E. Real Prop NonQual Acres 7,571,016 N/A 7,571,016 7,571,016
F1. Commercial Real 4,849,057 N/A 4,849,057 4,849,057
F2. Industrial Real 2,360,031 N/A 2,360,031 2,360,031
G. Oil, Gas, Minerals 45,328,210 N/A 45,328,210 45,328,210
J. Utilities 39,954,853 N/A 39,954,853 39,954,853
L1. Commercial Personal 10,933,563 N/A 10,933,563 10,933,563
L2. Industrial Personal 16,909,534 N/A 16,909,534 16,909,534
M. Other Personal 297,291 N/A 297,291 297,291
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 193,262,156 193,262,156 193,262,156
Less Total Deductions 23,474,631   23,474,631 23,474,631
Total Taxable Value 169,787,525 169,787,525 169,787,525 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
174,585,116 169,787,525 174,585,116 169,787,525


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,797,591 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
174,585,116 169,787,525 174,585,116 169,787,525

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