taxes Property Tax Assistance

2021 ISD Summary Worksheet

183-Panola /Panola County

183-904/Gary ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 65,241,190 0.8642 75,493,161 65,241,190
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 5,022,730 N/A 5,022,730 5,022,730
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,090,107 1.0626 5,731,370 6,090,107
D2 - FARM & RANCH IMP 3,102,650 N/A 3,102,650 3,102,650
E - NON-AG LAND AND IMPROVEMENTS 19,928,900 0.8978 22,197,483 19,928,900
F1 - COMMERCIAL REAL 1,927,740 N/A 1,927,740 1,927,740
F2 - INDUSTRIAL REAL 45,290 N/A 45,290 45,290
G - ALL MINERALS 27,493,400 0.9658 28,466,970 27,493,400
J - ALL UTILITIES 24,439,860 1.0265 23,808,924 24,439,860
L1 - COMMERCIAL PERSONAL 912,900 N/A 912,900 912,900
L2 - INDUSTRIAL PERSONAL 5,851,920 N/A 5,851,920 5,851,920
M1 - MOBILE HOMES 5,397,120 N/A 5,397,120 5,397,120
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 165,453,807 0 177,958,258 165,453,807
Less Total Deductions 29,731,698 0 34,032,064 29,731,698
Total Taxable Value 135,722,109 0 143,926,194 135,722,109

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
140,449,229 135,722,109 134,458,809 129,731,689


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,727,120 5,990,420


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
140,449,229 135,722,109 134,458,809 129,731,689

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

183-904-02/Gary ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 65,241,190 0.8642 75,493,161 65,241,190
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 5,022,730 N/A 5,022,730 5,022,730
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,090,107 1.0626 5,731,370 6,090,107
D2 - FARM & RANCH IMP 3,102,650 N/A 3,102,650 3,102,650
E - NON-AG LAND AND IMPROVEMENTS 19,928,900 0.8978 22,197,483 19,928,900
F1 - COMMERCIAL REAL 1,927,740 N/A 1,927,740 1,927,740
F2 - INDUSTRIAL REAL 45,290 N/A 45,290 45,290
G - ALL MINERALS 27,493,400 0.9658 28,466,970 27,493,400
J - ALL UTILITIES 24,439,860 1.0265 23,808,924 24,439,860
L1 - COMMERCIAL PERSONAL 912,900 N/A 912,900 912,900
L2 - INDUSTRIAL PERSONAL 5,851,920 N/A 5,851,920 5,851,920
M1 - MOBILE HOMES 5,397,120 N/A 5,397,120 5,397,120
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 165,453,807 177,958,258 165,453,807
Less Total Deductions 29,731,698 34,032,064 29,731,698
Total Taxable Value 135,722,109 143,926,194 135,722,109

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
140,449,229 135,722,109 134,458,809 129,731,689


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
4,727,120 5,990,420


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
140,449,229 135,722,109 134,458,809 129,731,689

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