taxes Property Tax Assistance

2022 ISD Summary Worksheet

093-Grimes /Grimes County

093-903/Iola ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	205,333,631	0.9672	212,296,972	205,333,631
B - MULTIFAMILY	175,280	N/A	175,280	175,280
C1 - VACANT LOTS	25,280,671	N/A	25,280,671	25,280,671
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,696,095	1.1097	5,132,775	5,696,095
D2 - FARM & RANCH IMP	9,854,170	N/A	9,854,170	9,854,170
E - NON-AG LAND AND IMPROVEMENTS	200,148,263	0.9179	218,050,183	200,148,263
F1 - COMMERCIAL REAL	5,364,363	N/A	5,364,363	5,364,363
F2 - INDUSTRIAL REAL	3,399,530	N/A	3,399,530	3,399,530
G - ALL MINERALS	71,932,126	1.0143	70,917,999	71,932,126
J - ALL UTILITIES	148,695,272	0.9530	156,028,617	148,695,272
L1 - COMMERCIAL PERSONAL	6,039,246	N/A	6,039,246	6,039,246
L2 - INDUSTRIAL PERSONAL	1,035,561	N/A	1,035,561	1,035,561
M1 - MOBILE HOMES	11,693,420	N/A	11,693,420	11,693,420
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	133,320	N/A	133,320	133,320
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	694,780,948	0	725,402,107	694,780,948
Less Total Deductions	86,632,107	0	91,290,403	86,632,107
Total Taxable Value	608,148,841	0	634,111,704	608,148,841

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
619,820,339	608,148,841	619,820,339	608,148,841	630,170,339

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
11,671,498	0	10,350,000

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
619,820,339	608,148,841	619,820,339	608,148,841	630,170,339

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

093-903-02/Iola ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	205,333,631	0.9672	212,296,972	205,333,631
B - MULTIFAMILY	175,280	N/A	175,280	175,280
C1 - VACANT LOTS	25,280,671	N/A	25,280,671	25,280,671
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,696,095	1.1097	5,132,775	5,696,095
D2 - FARM & RANCH IMP	9,854,170	N/A	9,854,170	9,854,170
E - NON-AG LAND AND IMPROVEMENTS	200,148,263	0.9179	218,050,183	200,148,263
F1 - COMMERCIAL REAL	5,364,363	N/A	5,364,363	5,364,363
F2 - INDUSTRIAL REAL	3,399,530	N/A	3,399,530	3,399,530
G - ALL MINERALS	71,932,126	1.0143	70,917,999	71,932,126
J - ALL UTILITIES	148,695,272	0.9530	156,028,617	148,695,272
L1 - COMMERCIAL PERSONAL	6,039,246	N/A	6,039,246	6,039,246
L2 - INDUSTRIAL PERSONAL	1,035,561	N/A	1,035,561	1,035,561
M1 - MOBILE HOMES	11,693,420	N/A	11,693,420	11,693,420
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	133,320	N/A	133,320	133,320
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	694,780,948		725,402,107	694,780,948
Less Total Deductions	86,632,107		91,290,403	86,632,107
Total Taxable Value	608,148,841		634,111,704	608,148,841

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
619,820,339	608,148,841	619,820,339	608,148,841	630,170,339

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
11,671,498	0	10,350,000

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
619,820,339	608,148,841	619,820,339	608,148,841	630,170,339

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