taxes Property Tax Assistance

2020 ISD Summary Worksheet

037-Cherokee

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