taxes Property Tax Assistance

2019 ISD Summary Worksheet

228-Trinity

228-901/Groveton ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 123,316,856 0.9319 132,328,422 123,316,856
B. MULTIFAMILY RESIDENCES 787,263 N/A 787,263 787,263
C1. VACANT LOTS 19,020,420 1.1611 16,381,380 19,020,420
D1. QUALIFIED AG LAND 39,796,722 1.0772 36,944,032 39,796,722
D2. REAL PROP:FARM & RANCH 2,091,194 N/A 2,091,194 2,091,194
E. REAL PROP NONQUAL ACREAGE 92,945,223 0.9599 96,828,027 92,945,223
F1. COMMERCIAL REAL 11,020,896 N/A 11,020,896 11,020,896
F2. INDUSTRIAL REAL 296,198 N/A 296,198 296,198
G. OIL,GAS,MINERALS 11,560 N/A 11,560 11,560
J. UTILITIES 80,159,236 0.8125 98,657,521 80,159,236
L1. COMMERCIAL PERSONAL 3,055,846 N/A 3,055,846 3,055,846
L2. INDUSTRIAL PERSONAL 3,557,490 N/A 3,557,490 3,557,490
M. MOBILE HOMES 9,168,095 N/A 9,168,095 9,168,095
O. RESIDENTIAL INVENTORY 1,008,624 N/A 1,008,624 1,008,624
S. SPECIAL INVENTORY 1,245 N/A 1,245 1,245
Subtotal 386,236,868 0 412,137,793 386,236,868
Less Total Deductions 66,914,356 0 71,791,836 66,914,356
Total Taxable Value 319,322,512 0 340,345,957 319,322,512

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
329,089,080 319,322,512 329,089,080 319,322,512


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,766,568 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
329,089,080 319,322,512 329,089,080 319,322,512

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

228-901-02/Groveton ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 123,316,856 0.9319 132,328,422 123,316,856
B. MULTIFAMILY RESIDENCES 787,263 N/A 787,263 787,263
C1. VACANT LOTS 19,020,420 1.1611 16,381,380 19,020,420
D1. QUALIFIED AG LAND 39,796,722 1.0772 36,944,032 39,796,722
D2. REAL PROP:FARM & RANCH 2,091,194 N/A 2,091,194 2,091,194
E. REAL PROP NONQUAL ACREAGE 92,945,223 0.9599 96,828,027 92,945,223
F1. COMMERCIAL REAL 11,020,896 N/A 11,020,896 11,020,896
F2. INDUSTRIAL REAL 296,198 N/A 296,198 296,198
G. OIL,GAS,MINERALS 11,560 N/A 11,560 11,560
J. UTILITIES 80,159,236 0.8125 98,657,521 80,159,236
L1. COMMERCIAL PERSONAL 3,055,846 N/A 3,055,846 3,055,846
L2. INDUSTRIAL PERSONAL 3,557,490 N/A 3,557,490 3,557,490
M. MOBILE HOMES 9,168,095 N/A 9,168,095 9,168,095
O. RESIDENTIAL INVENTORY 1,008,624 N/A 1,008,624 1,008,624
S. SPECIAL INVENTORY 1,245 N/A 1,245 1,245
Subtotal 386,236,868 412,137,793 386,236,868
Less Total Deductions 66,914,356 71,791,836 66,914,356
Total Taxable Value 319,322,512 340,345,957 319,322,512

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
329,089,080 319,322,512 329,089,080 319,322,512


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
9,766,568 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
329,089,080 319,322,512 329,089,080 319,322,512

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