taxes Property Tax Assistance

2018 ISD Summary Worksheet

037-Cherokee

037-908/New Summerfield ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	20,419,154	N/A	20,419,154	20,419,154
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	1,353,470	N/A	1,353,470	1,353,470
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	3,312,828	N/A	3,312,828	3,312,828
D2. REAL PROP:FARM & RANCH	873,870	N/A	873,870	873,870
E. REAL PROP NONQUAL ACREAGE	27,893,360	N/A	27,893,360	27,893,360
F1. COMMERCIAL REAL	2,587,660	N/A	2,587,660	2,587,660
F2. INDUSTRIAL REAL	4,790,820	N/A	4,790,820	4,790,820
G. OIL,GAS,MINERALS	56,180	N/A	56,180	56,180
J. UTILITIES	13,252,970	N/A	13,252,970	13,252,970
L1. COMMERCIAL PERSONAL	3,718,313	N/A	3,718,313	3,718,313
L2. INDUSTRIAL PERSONAL	724,670	N/A	724,670	724,670
M. MOBILE HOMES	1,450,150	N/A	1,450,150	1,450,150
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	12,250	N/A	12,250	12,250
Subtotal	80,445,695	0	80,445,695	80,445,695
Less Total Deductions	13,105,486	0	13,105,486	13,105,486
Total Taxable Value	67,340,209	0	67,340,209	67,340,209

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
69,769,620	67,340,209	69,769,620	67,340,209

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
2,429,411	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
69,769,620	67,340,209	69,769,620	67,340,209

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

037-908-02/New Summerfield ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	20,419,154	N/A	20,419,154	20,419,154
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	1,353,470	N/A	1,353,470	1,353,470
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	3,312,828	N/A	3,312,828	3,312,828
D2. REAL PROP:FARM & RANCH	873,870	N/A	873,870	873,870
E. REAL PROP NONQUAL ACREAGE	27,893,360	N/A	27,893,360	27,893,360
F1. COMMERCIAL REAL	2,587,660	N/A	2,587,660	2,587,660
F2. INDUSTRIAL REAL	4,790,820	N/A	4,790,820	4,790,820
G. OIL,GAS,MINERALS	56,180	N/A	56,180	56,180
J. UTILITIES	13,252,970	N/A	13,252,970	13,252,970
L1. COMMERCIAL PERSONAL	3,718,313	N/A	3,718,313	3,718,313
L2. INDUSTRIAL PERSONAL	724,670	N/A	724,670	724,670
M. MOBILE HOMES	1,450,150	N/A	1,450,150	1,450,150
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	12,250	N/A	12,250	12,250
Subtotal	80,445,695		80,445,695	80,445,695
Less Total Deductions	13,105,486		13,105,486	13,105,486
Total Taxable Value	67,340,209		67,340,209	67,340,209

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
69,769,620	67,340,209	69,769,620	67,340,209

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
2,429,411	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
69,769,620	67,340,209	69,769,620	67,340,209

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