taxes Property Tax Assistance

2021 ISD Summary Worksheet

037-Cherokee /Cherokee County

037-908/New Summerfield ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 26,220,720 0.9228 28,414,304 26,220,720
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,190,690 N/A 2,190,690 2,190,690
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,535,653 1.1561 3,058,157 3,535,653
D2 - FARM & RANCH IMP 1,110,900 N/A 1,110,900 1,110,900
E - NON-AG LAND AND IMPROVEMENTS 32,074,180 0.9995 32,090,225 32,074,180
F1 - COMMERCIAL REAL 3,137,350 N/A 3,137,350 3,137,350
F2 - INDUSTRIAL REAL 5,223,430 N/A 5,223,430 5,223,430
G - ALL MINERALS 55,400 N/A 55,400 55,400
J - ALL UTILITIES 14,301,950 0.9923 14,412,930 14,301,950
L1 - COMMERCIAL PERSONAL 5,084,330 0.9961 5,104,237 5,084,330
L2 - INDUSTRIAL PERSONAL 7,224,250 N/A 7,224,250 7,224,250
M1 - MOBILE HOMES 2,922,370 N/A 2,922,370 2,922,370
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,600 N/A 3,600 3,600
Subtotal 103,084,823 0 104,947,843 103,084,823
Less Total Deductions 20,892,885 0 22,186,320 20,892,885
Total Taxable Value 82,191,938 0 82,761,523 82,191,938

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
84,587,722 82,191,938 84,587,722 82,191,938


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,395,784 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
84,587,722 82,191,938 84,587,722 82,191,938

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 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 26,220,720 0.9228 28,414,304 26,220,720
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,190,690 N/A 2,190,690 2,190,690
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,535,653 1.1561 3,058,157 3,535,653
D2 - FARM & RANCH IMP 1,110,900 N/A 1,110,900 1,110,900
E - NON-AG LAND AND IMPROVEMENTS 32,074,180 0.9995 32,090,225 32,074,180
F1 - COMMERCIAL REAL 3,137,350 N/A 3,137,350 3,137,350
F2 - INDUSTRIAL REAL 5,223,430 N/A 5,223,430 5,223,430
G - ALL MINERALS 55,400 N/A 55,400 55,400
J - ALL UTILITIES 14,301,950 0.9923 14,412,930 14,301,950
L1 - COMMERCIAL PERSONAL 5,084,330 0.9961 5,104,237 5,084,330
L2 - INDUSTRIAL PERSONAL 7,224,250 N/A 7,224,250 7,224,250
M1 - MOBILE HOMES 2,922,370 N/A 2,922,370 2,922,370
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,600 N/A 3,600 3,600
Subtotal 103,084,823 104,947,843 103,084,823
Less Total Deductions 20,892,885 22,186,320 20,892,885
Total Taxable Value 82,191,938 82,761,523 82,191,938

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
84,587,722 82,191,938 84,587,722 82,191,938


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
2,395,784 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
84,587,722 82,191,938 84,587,722 82,191,938

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