taxes Property Tax Assistance

2021 ISD Summary Worksheet

109-Hill /Hill County

109-907/Itasca ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 76,794,839 N/A 76,794,839 76,794,839
B - MULTIFAMILY 543,760 N/A 543,760 543,760
C1 - VACANT LOTS 7,348,450 N/A 7,348,450 7,348,450
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,499,322 N/A 12,499,322 12,499,322
D2 - FARM & RANCH IMP 9,143,800 N/A 9,143,800 9,143,800
E - NON-AG LAND AND IMPROVEMENTS 102,335,554 N/A 102,335,554 102,335,554
F1 - COMMERCIAL REAL 16,978,040 N/A 16,978,040 16,978,040
F2 - INDUSTRIAL REAL 4,919,580 N/A 4,919,580 4,919,580
G - ALL MINERALS 1,554,830 N/A 1,554,830 1,554,830
J - ALL UTILITIES 40,204,660 N/A 40,204,660 40,204,660
L1 - COMMERCIAL PERSONAL 16,507,130 N/A 16,507,130 16,507,130
L2 - INDUSTRIAL PERSONAL 13,962,930 N/A 13,962,930 13,962,930
M1 - MOBILE HOMES 1,781,620 N/A 1,781,620 1,781,620
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 222,080 N/A 222,080 222,080
Subtotal 304,796,595 0 304,796,595 304,796,595
Less Total Deductions 39,742,062 0 39,742,062 39,742,062
Total Taxable Value 265,054,533 0 265,054,533 265,054,533

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
272,543,201 265,054,533 272,543,201 265,054,533


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,488,668 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
272,543,201 265,054,533 272,543,201 265,054,533

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

109-907-02/Itasca ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 76,794,839 N/A 76,794,839 76,794,839
B - MULTIFAMILY 543,760 N/A 543,760 543,760
C1 - VACANT LOTS 7,348,450 N/A 7,348,450 7,348,450
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,499,322 N/A 12,499,322 12,499,322
D2 - FARM & RANCH IMP 9,143,800 N/A 9,143,800 9,143,800
E - NON-AG LAND AND IMPROVEMENTS 102,335,554 N/A 102,335,554 102,335,554
F1 - COMMERCIAL REAL 16,978,040 N/A 16,978,040 16,978,040
F2 - INDUSTRIAL REAL 4,919,580 N/A 4,919,580 4,919,580
G - ALL MINERALS 1,554,830 N/A 1,554,830 1,554,830
J - ALL UTILITIES 40,204,660 N/A 40,204,660 40,204,660
L1 - COMMERCIAL PERSONAL 16,507,130 N/A 16,507,130 16,507,130
L2 - INDUSTRIAL PERSONAL 13,962,930 N/A 13,962,930 13,962,930
M1 - MOBILE HOMES 1,781,620 N/A 1,781,620 1,781,620
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 222,080 N/A 222,080 222,080
Subtotal 304,796,595 304,796,595 304,796,595
Less Total Deductions 39,742,062 39,742,062 39,742,062
Total Taxable Value 265,054,533 265,054,533 265,054,533

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
272,543,201 265,054,533 272,543,201 265,054,533


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
7,488,668 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
272,543,201 265,054,533 272,543,201 265,054,533

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