taxes Property Tax Assistance

2021 ISD Summary Worksheet

001-Anderson /Anderson County

001-907/Palestine ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 498,657,091 0.9453 527,511,997 498,657,091
B - MULTIFAMILY 29,734,892 N/A 29,734,892 29,734,892
C1 - VACANT LOTS 9,370,649 N/A 9,370,649 9,370,649
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,101,636 0.9368 11,850,773 11,101,636
D2 - FARM & RANCH IMP 1,608,186 N/A 1,608,186 1,608,186
E - NON-AG LAND AND IMPROVEMENTS 307,212,077 0.8311 369,645,141 307,212,077
F1 - COMMERCIAL REAL 279,115,264 0.9518 293,249,910 279,115,264
F2 - INDUSTRIAL REAL 39,440,105 N/A 39,440,105 39,440,105
G - ALL MINERALS 1,537,554 N/A 1,537,554 1,537,554
J - ALL UTILITIES 70,934,837 0.9605 73,851,991 70,934,837
L1 - COMMERCIAL PERSONAL 80,372,001 0.9814 81,895,253 80,372,001
L2 - INDUSTRIAL PERSONAL 63,899,530 N/A 63,899,530 63,899,530
M1 - MOBILE HOMES 15,501,617 N/A 15,501,617 15,501,617
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 203,660 N/A 203,660 203,660
S - SPECIAL INVENTORY 9,141,173 N/A 9,141,173 9,141,173
Subtotal 1,417,830,272 0 1,528,442,431 1,417,830,272
Less Total Deductions 211,028,415 0 226,678,845 211,028,415
Total Taxable Value 1,206,801,857 0 1,301,763,586 1,206,801,857

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
1,248,030,762 1,206,801,857 1,248,030,762 1,206,801,857


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
41,228,905 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
1,248,030,762 1,206,801,857 1,248,030,762 1,206,801,857

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

001-907-02/Palestine ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 498,657,091 0.9453 527,511,997 498,657,091
B - MULTIFAMILY 29,734,892 N/A 29,734,892 29,734,892
C1 - VACANT LOTS 9,370,649 N/A 9,370,649 9,370,649
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,101,636 0.9368 11,850,773 11,101,636
D2 - FARM & RANCH IMP 1,608,186 N/A 1,608,186 1,608,186
E - NON-AG LAND AND IMPROVEMENTS 307,212,077 0.8311 369,645,141 307,212,077
F1 - COMMERCIAL REAL 279,115,264 0.9518 293,249,910 279,115,264
F2 - INDUSTRIAL REAL 39,440,105 N/A 39,440,105 39,440,105
G - ALL MINERALS 1,537,554 N/A 1,537,554 1,537,554
J - ALL UTILITIES 70,934,837 0.9605 73,851,991 70,934,837
L1 - COMMERCIAL PERSONAL 80,372,001 0.9814 81,895,253 80,372,001
L2 - INDUSTRIAL PERSONAL 63,899,530 N/A 63,899,530 63,899,530
M1 - MOBILE HOMES 15,501,617 N/A 15,501,617 15,501,617
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 203,660 N/A 203,660 203,660
S - SPECIAL INVENTORY 9,141,173 N/A 9,141,173 9,141,173
Subtotal 1,417,830,272 1,528,442,431 1,417,830,272
Less Total Deductions 211,028,415 226,678,845 211,028,415
Total Taxable Value 1,206,801,857 1,301,763,586 1,206,801,857

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
1,248,030,762 1,206,801,857 1,248,030,762 1,206,801,857


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
41,228,905 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
1,248,030,762 1,206,801,857 1,248,030,762 1,206,801,857

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