taxes Property Tax Assistance

2020 ISD Summary Worksheet

037-Cherokee /Cherokee County

037-908/New Summerfield ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	21,968,410	N/A	21,968,410	21,968,410
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	2,080,460	N/A	2,080,460	2,080,460
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,562,979	N/A	3,562,979	3,562,979
D2 - FARM & RANCH IMP	1,100,970	N/A	1,100,970	1,100,970
E - NON-AG LAND AND IMPROVEMENTS	29,362,480	N/A	29,362,480	29,362,480
F1 - COMMERCIAL REAL	2,995,790	N/A	2,995,790	2,995,790
F2 - INDUSTRIAL REAL	5,243,630	N/A	5,243,630	5,243,630
G - ALL MINERALS	55,680	N/A	55,680	55,680
J - ALL UTILITIES	14,120,770	N/A	14,120,770	14,120,770
L1 - COMMERCIAL PERSONAL	5,705,180	N/A	5,705,180	5,705,180
L2 - INDUSTRIAL PERSONAL	7,297,260	N/A	7,297,260	7,297,260
M1 - MOBILE HOMES	2,146,840	N/A	2,146,840	2,146,840
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	5,190	N/A	5,190	5,190
Subtotal	95,645,639	0	95,645,639	95,645,639
Less Total Deductions	19,200,467	0	19,200,467	19,200,467
Total Taxable Value	76,445,172	0	76,445,172	76,445,172

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
78,868,799	76,445,172	78,868,799	76,445,172

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
2,423,627	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
78,868,799	76,445,172	78,868,799	76,445,172

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	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	21,968,410	N/A	21,968,410	21,968,410
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	2,080,460	N/A	2,080,460	2,080,460
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,562,979	N/A	3,562,979	3,562,979
D2 - FARM & RANCH IMP	1,100,970	N/A	1,100,970	1,100,970
E - NON-AG LAND AND IMPROVEMENTS	29,362,480	N/A	29,362,480	29,362,480
F1 - COMMERCIAL REAL	2,995,790	N/A	2,995,790	2,995,790
F2 - INDUSTRIAL REAL	5,243,630	N/A	5,243,630	5,243,630
G - ALL MINERALS	55,680	N/A	55,680	55,680
J - ALL UTILITIES	14,120,770	N/A	14,120,770	14,120,770
L1 - COMMERCIAL PERSONAL	5,705,180	N/A	5,705,180	5,705,180
L2 - INDUSTRIAL PERSONAL	7,297,260	N/A	7,297,260	7,297,260
M1 - MOBILE HOMES	2,146,840	N/A	2,146,840	2,146,840
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	5,190	N/A	5,190	5,190
Subtotal	95,645,639		95,645,639	95,645,639
Less Total Deductions	19,200,467		19,200,467	19,200,467
Total Taxable Value	76,445,172		76,445,172	76,445,172

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
78,868,799	76,445,172	78,868,799	76,445,172

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
2,423,627	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
78,868,799	76,445,172	78,868,799	76,445,172

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