taxes Property Tax Assistance

2020 ISD Summary Worksheet

093-Grimes /Grimes County

093-903/Iola ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	130,637,400	1.0479	124,665,903	130,637,400
B - MULTIFAMILY	129,250	N/A	129,250	129,250
C1 - VACANT LOTS	16,501,920	N/A	16,501,920	16,501,920
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,423,977	0.9399	5,770,690	5,423,977
D2 - FARM & RANCH IMP	7,868,811	N/A	7,868,811	7,868,811
E - NON-AG LAND AND IMPROVEMENTS	134,868,303	0.9480	142,266,142	134,868,303
F1 - COMMERCIAL REAL	3,425,948	N/A	3,425,948	3,425,948
F2 - INDUSTRIAL REAL	450,650	N/A	450,650	450,650
G - ALL MINERALS	67,174,513	0.9270	72,464,415	67,174,513
J - ALL UTILITIES	56,757,667	1.0126	56,051,419	56,757,667
L1 - COMMERCIAL PERSONAL	5,806,484	N/A	5,806,484	5,806,484
L2 - INDUSTRIAL PERSONAL	982,442	N/A	982,442	982,442
M1 - MOBILE HOMES	9,746,800	N/A	9,746,800	9,746,800
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	2,214,526	N/A	2,214,526	2,214,526
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	441,988,691	0	448,345,400	441,988,691
Less Total Deductions	48,874,830	0	45,084,315	48,874,830
Total Taxable Value	393,113,861	0	403,261,085	393,113,861

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
400,661,196	393,113,861	400,661,196	393,113,861

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
7,547,335	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
400,661,196	393,113,861	400,661,196	393,113,861

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

093-903-02/Iola ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	130,637,400	1.0479	124,665,903	130,637,400
B - MULTIFAMILY	129,250	N/A	129,250	129,250
C1 - VACANT LOTS	16,501,920	N/A	16,501,920	16,501,920
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,423,977	0.9399	5,770,690	5,423,977
D2 - FARM & RANCH IMP	7,868,811	N/A	7,868,811	7,868,811
E - NON-AG LAND AND IMPROVEMENTS	134,868,303	0.9480	142,266,142	134,868,303
F1 - COMMERCIAL REAL	3,425,948	N/A	3,425,948	3,425,948
F2 - INDUSTRIAL REAL	450,650	N/A	450,650	450,650
G - ALL MINERALS	67,174,513	0.9270	72,464,415	67,174,513
J - ALL UTILITIES	56,757,667	1.0126	56,051,419	56,757,667
L1 - COMMERCIAL PERSONAL	5,806,484	N/A	5,806,484	5,806,484
L2 - INDUSTRIAL PERSONAL	982,442	N/A	982,442	982,442
M1 - MOBILE HOMES	9,746,800	N/A	9,746,800	9,746,800
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	2,214,526	N/A	2,214,526	2,214,526
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	441,988,691		448,345,400	441,988,691
Less Total Deductions	48,874,830		45,084,315	48,874,830
Total Taxable Value	393,113,861		403,261,085	393,113,861

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
400,661,196	393,113,861	400,661,196	393,113,861

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
7,547,335	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
400,661,196	393,113,861	400,661,196	393,113,861

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