taxes Property Tax Assistance

2023 ISD Summary Worksheet

210-Shelby/Shelby County

210-905/Timpson ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 49,243,966 0.7744 63,589,832 63,589,832
B - MULTIFAMILY 649,680 N/A 649,680 649,680
C1 - VACANT LOTS 1,792,335 N/A 1,792,335 1,792,335
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,104,862 1.3928 10,845,327 10,845,327
D2 - FARM & RANCH IMP 13,395,141 0.4915 27,253,593 27,253,593
E - NON-AG LAND AND IMPROVEMENTS 79,345,172 0.8536 92,953,575 92,953,575
F1 - COMMERCIAL REAL 9,276,940 N/A 9,276,940 9,276,940
F2 - INDUSTRIAL REAL 6,966,570 N/A 6,966,570 6,966,570
G - ALL MINERALS 8,401,160 N/A 8,401,160 8,401,160
J - ALL UTILITIES 25,209,800 0.9542 26,419,828 26,419,828
L1 - COMMERCIAL PERSONAL 3,150,164 N/A 3,150,164 3,150,164
L2 - INDUSTRIAL PERSONAL 21,176,870 N/A 21,176,870 21,176,870
M1 - MOBILE HOMES 9,513,260 N/A 9,513,260 9,513,260
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 243,225,920 0 281,989,134 281,989,134
Less Total Deductions 77,908,324 0 90,350,510 90,350,510
Total Taxable Value 165,317,596 0 191,638,624 191,638,624

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

Measure Value Description
T1 211,720,978 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 191,638,624 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 207,243,026 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 187,160,672 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 227,995,978 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 238,845,978 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 192,949,222 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 211,720,978 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 191,638,624 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 207,243,026 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 187,160,672 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 227,995,978 T13 plus the loss to the chapter 313 agreement
T16 238,845,978 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 192,949,222 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 20,082,354 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 4,477,952 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 16,275,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 10,850,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE THE VALUES FOR YOUR SCHOOL DISTRICT ARE BELOW THE 90% CUTOFF

210-905-02/Timpson ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 49,243,966 0.7744 63,589,832 63,589,832
B - MULTIFAMILY 649,680 N/A 649,680 649,680
C1 - VACANT LOTS 1,792,335 N/A 1,792,335 1,792,335
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,104,862 1.3928 10,845,327 10,845,327
D2 - FARM & RANCH IMP 13,395,141 0.4915 27,253,593 27,253,593
E - NON-AG LAND AND IMPROVEMENTS 79,345,172 0.8536 92,953,575 92,953,575
F1 - COMMERCIAL REAL 9,276,940 N/A 9,276,940 9,276,940
F2 - INDUSTRIAL REAL 6,966,570 N/A 6,966,570 6,966,570
G - ALL MINERALS 8,401,160 N/A 8,401,160 8,401,160
J - ALL UTILITIES 25,209,800 0.9542 26,419,828 26,419,828
L1 - COMMERCIAL PERSONAL 3,150,164 N/A 3,150,164 3,150,164
L2 - INDUSTRIAL PERSONAL 21,176,870 N/A 21,176,870 21,176,870
M1 - MOBILE HOMES 9,513,260 N/A 9,513,260 9,513,260
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 243,225,920 281,989,134 281,989,134
Less Total Deductions 77,908,324 90,350,510 90,350,510
Total Taxable Value 165,317,596 191,638,624 191,638,624

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

Measure Value Description
T1 211,720,978 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 191,638,624 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 207,243,026 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 187,160,672 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 227,995,978 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 238,845,978 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 192,949,222 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 211,720,978 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 191,638,624 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 207,243,026 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 187,160,672 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 227,995,978 T13 plus the loss to the chapter 313 agreement
T16 238,845,978 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 192,949,222 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 20,082,354 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 4,477,952 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 16,275,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 10,850,000 Loss to Second Previous Homestead Increase