taxes Property Tax Assistance

2022 ISD Summary Worksheet

109-Hill /Hill County

109-907/Itasca ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 107,615,380 0.9511 113,148,334 107,615,380
B - MULTIFAMILY 1,046,470 N/A 1,046,470 1,046,470
C1 - VACANT LOTS 8,456,560 N/A 8,456,560 8,456,560
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,603,361 1.3614 8,523,336 11,603,361
D2 - FARM & RANCH IMP 11,564,740 N/A 11,564,740 11,564,740
E - NON-AG LAND AND IMPROVEMENTS 145,370,721 1.0028 144,964,820 145,370,721
F1 - COMMERCIAL REAL 21,328,939 0.8611 24,769,410 21,328,939
F2 - INDUSTRIAL REAL 5,676,750 N/A 5,676,750 5,676,750
G - ALL MINERALS 3,940,209 N/A 3,940,209 3,940,209
J - ALL UTILITIES 42,965,920 0.8795 48,852,666 42,965,920
L1 - COMMERCIAL PERSONAL 17,059,250 0.9971 17,108,866 17,059,250
L2 - INDUSTRIAL PERSONAL 14,944,770 N/A 14,944,770 14,944,770
M1 - MOBILE HOMES 2,747,680 N/A 2,747,680 2,747,680
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 8,770 N/A 8,770 8,770
Subtotal 394,329,520 0 405,753,381 394,329,520
Less Total Deductions 75,452,507 0 79,622,879 75,452,507
Total Taxable Value 318,877,013 0 326,130,502 318,877,013

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 T13
329,890,528 318,877,013 329,890,528 318,877,013 339,300,528


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
11,013,515 0 9,410,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
329,890,528 318,877,013 329,890,528 318,877,013 339,300,528

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

109-907-02/Itasca ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 107,615,380 0.9511 113,148,334 107,615,380
B - MULTIFAMILY 1,046,470 N/A 1,046,470 1,046,470
C1 - VACANT LOTS 8,456,560 N/A 8,456,560 8,456,560
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,603,361 1.3614 8,523,336 11,603,361
D2 - FARM & RANCH IMP 11,564,740 N/A 11,564,740 11,564,740
E - NON-AG LAND AND IMPROVEMENTS 145,370,721 1.0028 144,964,820 145,370,721
F1 - COMMERCIAL REAL 21,328,939 0.8611 24,769,410 21,328,939
F2 - INDUSTRIAL REAL 5,676,750 N/A 5,676,750 5,676,750
G - ALL MINERALS 3,940,209 N/A 3,940,209 3,940,209
J - ALL UTILITIES 42,965,920 0.8795 48,852,666 42,965,920
L1 - COMMERCIAL PERSONAL 17,059,250 0.9971 17,108,866 17,059,250
L2 - INDUSTRIAL PERSONAL 14,944,770 N/A 14,944,770 14,944,770
M1 - MOBILE HOMES 2,747,680 N/A 2,747,680 2,747,680
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 8,770 N/A 8,770 8,770
Subtotal 394,329,520 405,753,381 394,329,520
Less Total Deductions 75,452,507 79,622,879 75,452,507
Total Taxable Value 318,877,013 326,130,502 318,877,013

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 T13
329,890,528 318,877,013 329,890,528 318,877,013 339,300,528


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
11,013,515 0 9,410,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
329,890,528 318,877,013 329,890,528 318,877,013 339,300,528

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement