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ceiling reduction
2018 ISD Summary Worksheet
091-Grayson
091-906/Sherman ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 1,465,204,774 | 0.9620 | 1,523,081,886 | 1,465,204,774 |
| B. MULTIFAMILY RESIDENCES | 203,710,709 | 0.7860 | 259,173,930 | 203,710,709 |
| C1. VACANT LOTS | 37,450,370 | N/A | 37,450,370 | 37,450,370 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 2,477,524 | 1.4204 | 1,744,258 | 2,477,524 |
| D2. REAL PROP:FARM & RANCH | 1,976,339 | N/A | 1,976,339 | 1,976,339 |
| E. REAL PROP NONQUAL ACREAGE | 71,581,402 | N/A | 71,581,402 | 71,581,402 |
| F1. COMMERCIAL REAL | 740,740,143 | 0.9709 | 762,941,748 | 740,740,143 |
| F2. INDUSTRIAL REAL | 394,735,656 | N/A | 394,735,656 | 394,735,656 |
| G. OIL,GAS,MINERALS | 29,983,827 | N/A | 29,983,827 | 29,983,827 |
| J. UTILITIES | 88,105,732 | N/A | 88,105,732 | 88,105,732 |
| L1. COMMERCIAL PERSONAL | 237,612,777 | 1.0321 | 230,222,631 | 237,612,777 |
| L2. INDUSTRIAL PERSONAL | 346,070,493 | N/A | 346,070,493 | 346,070,493 |
| M. MOBILE HOMES | 3,934,009 | N/A | 3,934,009 | 3,934,009 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 10,272,895 | N/A | 10,272,895 | 10,272,895 |
| S. SPECIAL INVENTORY | 22,953,247 | N/A | 22,953,247 | 22,953,247 |
| Subtotal | 3,656,809,897 | 0 | 3,784,228,423 | 3,656,809,897 |
| Less Total Deductions | 537,039,370 | 0 | 555,721,948 | 537,039,370 |
| Total Taxable Value | 3,119,770,527 | 0 | 3,228,506,475 | 3,119,770,527 |
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 |
|---|---|---|---|
| 3,187,216,126 | 3,119,770,527 | 3,187,216,126 | 3,119,770,527 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 67,445,599 | 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 |
|---|---|---|---|
| 3,187,216,126 | 3,119,770,527 | 3,187,216,126 | 3,119,770,527 |
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
091-906-02/Sherman ISD
| Category | Local Tax Roll Value | 2018 WTD Mean Ratio | 2018 PTAD Value Estimate | 2018 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 1,465,204,774 | 0.9620 | 1,523,081,886 | 1,465,204,774 |
| B. MULTIFAMILY RESIDENCES | 203,710,709 | 0.7860 | 259,173,930 | 203,710,709 |
| C1. VACANT LOTS | 37,450,370 | N/A | 37,450,370 | 37,450,370 |
| C2. COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1. QUALIFIED AG LAND | 2,477,524 | 1.4204 | 1,744,258 | 2,477,524 |
| D2. REAL PROP:FARM & RANCH | 1,976,339 | N/A | 1,976,339 | 1,976,339 |
| E. REAL PROP NONQUAL ACREAGE | 71,581,402 | N/A | 71,581,402 | 71,581,402 |
| F1. COMMERCIAL REAL | 740,740,143 | 0.9709 | 762,941,748 | 740,740,143 |
| F2. INDUSTRIAL REAL | 394,735,656 | N/A | 394,735,656 | 394,735,656 |
| G. OIL,GAS,MINERALS | 29,983,827 | N/A | 29,983,827 | 29,983,827 |
| J. UTILITIES | 88,105,732 | N/A | 88,105,732 | 88,105,732 |
| L1. COMMERCIAL PERSONAL | 237,612,777 | 1.0321 | 230,222,631 | 237,612,777 |
| L2. INDUSTRIAL PERSONAL | 346,070,493 | N/A | 346,070,493 | 346,070,493 |
| M. MOBILE HOMES | 3,934,009 | N/A | 3,934,009 | 3,934,009 |
| N. INTANGIBLE PERSONAL PROP | 0 | N/A | 0 | 0 |
| O. RESIDENTIAL INVENTORY | 10,272,895 | N/A | 10,272,895 | 10,272,895 |
| S. SPECIAL INVENTORY | 22,953,247 | N/A | 22,953,247 | 22,953,247 |
| Subtotal | 3,656,809,897 | 3,784,228,423 | 3,656,809,897 | |
| Less Total Deductions | 537,039,370 | 555,721,948 | 537,039,370 | |
| Total Taxable Value | 3,119,770,527 | 3,228,506,475 | 3,119,770,527 |
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 |
|---|---|---|---|
| 3,187,216,126 | 3,119,770,527 | 3,187,216,126 | 3,119,770,527 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 67,445,599 | 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 |
|---|---|---|---|
| 3,187,216,126 | 3,119,770,527 | 3,187,216,126 | 3,119,770,527 |
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 taxceiling 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