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ceiling reduction
2019 ISD Summary Worksheet
037-Cherokee
037-908/New Summerfield ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 20,675,290 | 1.0125 | 20,420,040 | 20,675,290 |
| C1. VACANT LOTS | 1,489,210 | N/A | 1,489,210 | 1,489,210 |
| D1. QUALIFIED AG LAND | 3,436,539 | 1.0382 | 3,309,959 | 3,436,539 |
| D2. REAL PROP:FARM & RANCH | 873,600 | N/A | 873,600 | 873,600 |
| E. REAL PROP NONQUAL ACREAGE | 27,424,530 | 1.0545 | 26,007,141 | 27,424,530 |
| F1. COMMERCIAL REAL | 2,752,440 | N/A | 2,752,440 | 2,752,440 |
| F2. INDUSTRIAL REAL | 4,800,510 | N/A | 4,800,510 | 4,800,510 |
| G. OIL,GAS,MINERALS | 55,940 | N/A | 55,940 | 55,940 |
| J. UTILITIES | 14,551,770 | 0.8928 | 16,299,026 | 14,551,770 |
| L1. COMMERCIAL PERSONAL | 4,369,390 | N/A | 4,369,390 | 4,369,390 |
| L2. INDUSTRIAL PERSONAL | 7,394,950 | N/A | 7,394,950 | 7,394,950 |
| M. MOBILE HOMES | 1,603,490 | N/A | 1,603,490 | 1,603,490 |
| S. SPECIAL INVENTORY | 5,020 | N/A | 5,020 | 5,020 |
| Subtotal | 89,432,679 | 0 | 89,380,716 | 89,432,679 |
| Less Total Deductions | 19,155,748 | 0 | 19,018,995 | 19,155,748 |
| Total Taxable Value | 70,276,931 | 0 | 70,361,721 | 70,276,931 |
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 |
|---|---|---|---|
| 72,772,565 | 70,276,931 | 72,772,565 | 70,276,931 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 2,495,634 | 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 |
|---|---|---|---|
| 72,772,565 | 70,276,931 | 72,772,565 | 70,276,931 |
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 | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 20,675,290 | 1.0125 | 20,420,040 | 20,675,290 |
| C1. VACANT LOTS | 1,489,210 | N/A | 1,489,210 | 1,489,210 |
| D1. QUALIFIED AG LAND | 3,436,539 | 1.0382 | 3,309,959 | 3,436,539 |
| D2. REAL PROP:FARM & RANCH | 873,600 | N/A | 873,600 | 873,600 |
| E. REAL PROP NONQUAL ACREAGE | 27,424,530 | 1.0545 | 26,007,141 | 27,424,530 |
| F1. COMMERCIAL REAL | 2,752,440 | N/A | 2,752,440 | 2,752,440 |
| F2. INDUSTRIAL REAL | 4,800,510 | N/A | 4,800,510 | 4,800,510 |
| G. OIL,GAS,MINERALS | 55,940 | N/A | 55,940 | 55,940 |
| J. UTILITIES | 14,551,770 | 0.8928 | 16,299,026 | 14,551,770 |
| L1. COMMERCIAL PERSONAL | 4,369,390 | N/A | 4,369,390 | 4,369,390 |
| L2. INDUSTRIAL PERSONAL | 7,394,950 | N/A | 7,394,950 | 7,394,950 |
| M. MOBILE HOMES | 1,603,490 | N/A | 1,603,490 | 1,603,490 |
| S. SPECIAL INVENTORY | 5,020 | N/A | 5,020 | 5,020 |
| Subtotal | 89,432,679 | 89,380,716 | 89,432,679 | |
| Less Total Deductions | 19,155,748 | 19,018,995 | 19,155,748 | |
| Total Taxable Value | 70,276,931 | 70,361,721 | 70,276,931 |
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 |
|---|---|---|---|
| 72,772,565 | 70,276,931 | 72,772,565 | 70,276,931 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 2,495,634 | 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 |
|---|---|---|---|
| 72,772,565 | 70,276,931 | 72,772,565 | 70,276,931 |
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