taxes Property Tax Assistance

2020 ISD Summary Worksheet

109-Hill /Hill County

109-907/Itasca ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 70,627,020 0.9057 77,980,590 70,627,020
B - MULTIFAMILY 457,300 N/A 457,300 457,300
C1 - VACANT LOTS 1,585,660 N/A 1,585,660 1,585,660
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,571,392 1.5272 8,231,571 12,571,392
D2 - FARM & RANCH IMP 8,582,900 N/A 8,582,900 8,582,900
E - NON-AG LAND AND IMPROVEMENTS 90,747,640 0.9569 94,835,030 90,747,640
F1 - COMMERCIAL REAL 16,308,780 0.9724 16,771,678 16,308,780
F2 - INDUSTRIAL REAL 4,473,600 N/A 4,473,600 4,473,600
G - ALL MINERALS 1,902,203 N/A 1,902,203 1,902,203
J - ALL UTILITIES 37,992,350 0.8704 43,649,299 37,992,350
L1 - COMMERCIAL PERSONAL 15,691,600 1.0251 15,307,385 15,691,600
L2 - INDUSTRIAL PERSONAL 13,051,030 N/A 13,051,030 13,051,030
M1 - MOBILE HOMES 1,718,600 N/A 1,718,600 1,718,600
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 228,310 N/A 228,310 228,310
Subtotal 275,938,385 0 288,775,156 275,938,385
Less Total Deductions 37,839,380 0 42,505,298 37,839,380
Total Taxable Value 238,099,005 0 246,269,858 238,099,005

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
245,294,422 238,099,005 245,294,422 238,099,005


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,195,417 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
245,294,422 238,099,005 245,294,422 238,099,005

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

109-907-02/Itasca ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 70,627,020 0.9057 77,980,590 70,627,020
B - MULTIFAMILY 457,300 N/A 457,300 457,300
C1 - VACANT LOTS 1,585,660 N/A 1,585,660 1,585,660
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,571,392 1.5272 8,231,571 12,571,392
D2 - FARM & RANCH IMP 8,582,900 N/A 8,582,900 8,582,900
E - NON-AG LAND AND IMPROVEMENTS 90,747,640 0.9569 94,835,030 90,747,640
F1 - COMMERCIAL REAL 16,308,780 0.9724 16,771,678 16,308,780
F2 - INDUSTRIAL REAL 4,473,600 N/A 4,473,600 4,473,600
G - ALL MINERALS 1,902,203 N/A 1,902,203 1,902,203
J - ALL UTILITIES 37,992,350 0.8704 43,649,299 37,992,350
L1 - COMMERCIAL PERSONAL 15,691,600 1.0251 15,307,385 15,691,600
L2 - INDUSTRIAL PERSONAL 13,051,030 N/A 13,051,030 13,051,030
M1 - MOBILE HOMES 1,718,600 N/A 1,718,600 1,718,600
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 228,310 N/A 228,310 228,310
Subtotal 275,938,385 288,775,156 275,938,385
Less Total Deductions 37,839,380 42,505,298 37,839,380
Total Taxable Value 238,099,005 246,269,858 238,099,005

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
245,294,422 238,099,005 245,294,422 238,099,005


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
7,195,417 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
245,294,422 238,099,005 245,294,422 238,099,005

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