taxes Property Tax Assistance

2021 ISD Summary Worksheet

Loraine ISD (all splits)   Mitchell County  

168-Mitchell/Mitchell County

168-902/Loraine ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 16,394,726 0.9661 16,970,009 16,394,726
B - MULTIFAMILY 170,328 N/A 170,328 170,328
C1 - VACANT LOTS 492,006 N/A 492,006 492,006
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,763,520 1.0856 12,677,847 13,763,520
D2 - FARM & RANCH IMP 961,484 N/A 961,484 961,484
E - NON-AG LAND AND IMPROVEMENTS 15,785,924 1.0311 15,309,790 15,785,924
F1 - COMMERCIAL REAL 1,533,176 N/A 1,533,176 1,533,176
F2 - INDUSTRIAL REAL 62,799,692 N/A 62,799,692 62,799,692
G - ALL MINERALS 260,326 N/A 260,326 260,326
J - ALL UTILITIES 63,143,790 1.0210 61,845,044 63,143,790
L1 - COMMERCIAL PERSONAL 620,519 N/A 620,519 620,519
L2 - INDUSTRIAL PERSONAL 2,567,110 N/A 2,567,110 2,567,110
M1 - MOBILE HOMES 231,629 N/A 231,629 231,629
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 178,724,230 0 176,438,960 178,724,230
Less Total Deductions 9,175,895 0 9,478,769 9,175,895
Total Taxable Value 169,548,335 0 166,960,191 169,548,335

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's office 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 school 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

Measure Value Description
T1 171,466,018 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 169,548,335 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 171,466,018 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 169,548,335 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 171,466,018 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 169,548,335 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 171,466,018 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 169,548,335 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,917,683 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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168-902-02/Loraine ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 16,394,726 0.9661 16,970,009 16,394,726
B - MULTIFAMILY 170,328 N/A 170,328 170,328
C1 - VACANT LOTS 492,006 N/A 492,006 492,006
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,763,520 1.0856 12,677,847 13,763,520
D2 - FARM & RANCH IMP 961,484 N/A 961,484 961,484
E - NON-AG LAND AND IMPROVEMENTS 15,785,924 1.0311 15,309,790 15,785,924
F1 - COMMERCIAL REAL 1,533,176 N/A 1,533,176 1,533,176
F2 - INDUSTRIAL REAL 62,799,692 N/A 62,799,692 62,799,692
G - ALL MINERALS 260,326 N/A 260,326 260,326
J - ALL UTILITIES 63,143,790 1.0210 61,845,044 63,143,790
L1 - COMMERCIAL PERSONAL 620,519 N/A 620,519 620,519
L2 - INDUSTRIAL PERSONAL 2,567,110 N/A 2,567,110 2,567,110
M1 - MOBILE HOMES 231,629 N/A 231,629 231,629
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 178,724,230 176,438,960 178,724,230
Less Total Deductions 9,175,895 9,478,769 9,175,895
Total Taxable Value 169,548,335 166,960,191 169,548,335

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's office 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 school 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

Measure Value Description
T1 171,466,018 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 169,548,335 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 171,466,018 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 169,548,335 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 171,466,018 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 169,548,335 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 171,466,018 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 169,548,335 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,917,683 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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