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ceiling reduction
2019 ISD Summary Worksheet
183-Panola
183-904/Gary ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 58,450,930 | 0.9347 | 62,534,428 | 58,450,930 |
| C1. VACANT LOTS | 3,011,810 | N/A | 3,011,810 | 3,011,810 |
| D1. QUALIFIED AG LAND | 5,678,393 | 0.9665 | 5,875,281 | 5,678,393 |
| D2. REAL PROP:FARM & RANCH | 3,098,840 | N/A | 3,098,840 | 3,098,840 |
| E. REAL PROP NONQUAL ACREAGE | 20,054,480 | 0.9061 | 22,132,745 | 20,054,480 |
| F1. COMMERCIAL REAL | 1,477,900 | N/A | 1,477,900 | 1,477,900 |
| F2. INDUSTRIAL REAL | 44,600 | N/A | 44,600 | 44,600 |
| G. OIL,GAS,MINERALS | 63,987,040 | 0.9966 | 64,205,338 | 63,987,040 |
| J. UTILITIES | 28,382,750 | 1.0566 | 26,862,341 | 28,382,750 |
| L1. COMMERCIAL PERSONAL | 627,088 | N/A | 627,088 | 627,088 |
| L2. INDUSTRIAL PERSONAL | 6,631,470 | N/A | 6,631,470 | 6,631,470 |
| M. MOBILE HOMES | 4,694,380 | N/A | 4,694,380 | 4,694,380 |
| Subtotal | 196,139,681 | 0 | 201,196,221 | 196,139,681 |
| Less Total Deductions | 27,972,355 | 0 | 29,674,219 | 27,972,355 |
| Total Taxable Value | 168,167,326 | 0 | 171,522,002 | 168,167,326 |
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 |
|---|---|---|---|
| 172,907,636 | 168,167,326 | 167,596,511 | 162,856,201 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,740,310 | 5,311,125 |
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 |
|---|---|---|---|
| 172,907,636 | 168,167,326 | 167,596,511 | 162,856,201 |
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
183-904-02/Gary ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 58,450,930 | 0.9347 | 62,534,428 | 58,450,930 |
| C1. VACANT LOTS | 3,011,810 | N/A | 3,011,810 | 3,011,810 |
| D1. QUALIFIED AG LAND | 5,678,393 | 0.9665 | 5,875,281 | 5,678,393 |
| D2. REAL PROP:FARM & RANCH | 3,098,840 | N/A | 3,098,840 | 3,098,840 |
| E. REAL PROP NONQUAL ACREAGE | 20,054,480 | 0.9061 | 22,132,745 | 20,054,480 |
| F1. COMMERCIAL REAL | 1,477,900 | N/A | 1,477,900 | 1,477,900 |
| F2. INDUSTRIAL REAL | 44,600 | N/A | 44,600 | 44,600 |
| G. OIL,GAS,MINERALS | 63,987,040 | 0.9966 | 64,205,338 | 63,987,040 |
| J. UTILITIES | 28,382,750 | 1.0566 | 26,862,341 | 28,382,750 |
| L1. COMMERCIAL PERSONAL | 627,088 | N/A | 627,088 | 627,088 |
| L2. INDUSTRIAL PERSONAL | 6,631,470 | N/A | 6,631,470 | 6,631,470 |
| M. MOBILE HOMES | 4,694,380 | N/A | 4,694,380 | 4,694,380 |
| Subtotal | 196,139,681 | 201,196,221 | 196,139,681 | |
| Less Total Deductions | 27,972,355 | 29,674,219 | 27,972,355 | |
| Total Taxable Value | 168,167,326 | 171,522,002 | 168,167,326 |
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 |
|---|---|---|---|
| 172,907,636 | 168,167,326 | 167,596,511 | 162,856,201 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,740,310 | 5,311,125 |
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 |
|---|---|---|---|
| 172,907,636 | 168,167,326 | 167,596,511 | 162,856,201 |
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