taxes Property Tax Assistance

2020 ISD Summary Worksheet

145-Leon

145-906/Normangee ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 133,075,200 0.9814 135,597,310 133,075,200
B - MULTIFAMILY 292,840 N/A 292,840 292,840
C1 - VACANT LOTS 16,452,980 N/A 16,452,980 16,452,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,199,120 0.9521 4,410,477 4,199,120
D2 - FARM & RANCH IMP 4,378,310 N/A 4,378,310 4,378,310
E - NON-AG LAND AND IMPROVEMENTS 84,461,450 0.8914 94,751,458 84,461,450
F1 - COMMERCIAL REAL 7,438,760 N/A 7,438,760 7,438,760
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 15,188,320 0.9987 15,208,091 15,188,320
J - ALL UTILITIES 87,036,020 0.8251 105,485,420 87,036,020
L1 - COMMERCIAL PERSONAL 11,054,780 N/A 11,054,780 11,054,780
L2 - INDUSTRIAL PERSONAL 571,080 N/A 571,080 571,080
M1 - MOBILE HOMES 5,310,030 N/A 5,310,030 5,310,030
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 1,214,420 N/A 1,214,420 1,214,420
Subtotal 370,673,310 0 402,165,956 370,673,310
Less Total Deductions 80,263,889 0 82,003,369 80,263,889
Total Taxable Value 290,409,421 0 320,162,587 290,409,421

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
299,938,771 290,409,421 286,091,391 276,562,041


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,529,350 13,847,380


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
299,938,771 290,409,421 286,091,391 276,562,041

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

154-Madison

145-906/Normangee ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 2,319,770 N/A 2,319,770 2,319,770
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 255,459 N/A 255,459 255,459
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,253,940 1.2060 1,868,929 2,253,940
D2 - FARM & RANCH IMP 6,685,970 0.9731 6,870,794 6,685,970
E - NON-AG LAND AND IMPROVEMENTS 38,868,692 0.9248 42,029,295 38,868,692
F1 - COMMERCIAL REAL 1,758,080 N/A 1,758,080 1,758,080
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 17,919,630 1.0029 17,867,813 17,919,630
J - ALL UTILITIES 25,164,610 0.8532 29,494,386 25,164,610
L1 - COMMERCIAL PERSONAL 821,370 N/A 821,370 821,370
L2 - INDUSTRIAL PERSONAL 228,950 N/A 228,950 228,950
M1 - MOBILE HOMES 625,480 N/A 625,480 625,480
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 326,080 N/A 326,080 326,080
Subtotal 97,228,031 0 104,466,406 97,228,031
Less Total Deductions 9,158,260 0 9,158,260 9,158,260
Total Taxable Value 88,069,771 0 95,308,146 88,069,771

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
88,069,771 88,069,771 85,741,144 85,741,144


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
0 2,328,627


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
88,069,771 88,069,771 85,741,144 85,741,144

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

145-906-02/Normangee ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 135,394,970 0.9817 137,917,080 135,394,970
B - MULTIFAMILY 292,840 N/A 292,840 292,840
C1 - VACANT LOTS 16,708,439 N/A 16,708,439 16,708,439
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,453,060 1.0277 6,279,406 6,453,060
D2 - FARM & RANCH IMP 11,064,280 0.9836 11,249,104 11,064,280
E - NON-AG LAND AND IMPROVEMENTS 123,330,142 0.9017 136,780,753 123,330,142
F1 - COMMERCIAL REAL 9,196,840 N/A 9,196,840 9,196,840
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 33,107,950 1.0010 33,075,904 33,107,950
J - ALL UTILITIES 112,200,630 0.8312 134,979,806 112,200,630
L1 - COMMERCIAL PERSONAL 11,876,150 N/A 11,876,150 11,876,150
L2 - INDUSTRIAL PERSONAL 800,030 N/A 800,030 800,030
M1 - MOBILE HOMES 5,935,510 N/A 5,935,510 5,935,510
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 1,540,500 N/A 1,540,500 1,540,500
Subtotal 467,901,341 506,632,362 467,901,341
Less Total Deductions 89,422,149 91,161,629 89,422,149
Total Taxable Value 378,479,192 415,470,733 378,479,192

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
388,008,542 378,479,192 371,832,535 362,303,185


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
9,529,350 16,176,007


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
388,008,542 378,479,192 371,832,535 362,303,185

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