taxes Property Tax Assistance

2021 ISD Summary Worksheet

161-McLennan /McLennan County

161-925/Gholson ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	50,075,968	N/A	50,075,968	50,075,968
B - MULTIFAMILY	338,600	N/A	338,600	338,600
C1 - VACANT LOTS	2,099,510	N/A	2,099,510	2,099,510
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,258,718	N/A	1,258,718	1,258,718
D2 - FARM & RANCH IMP	2,027,705	N/A	2,027,705	2,027,705
E - NON-AG LAND AND IMPROVEMENTS	34,051,362	N/A	34,051,362	34,051,362
F1 - COMMERCIAL REAL	2,148,406	N/A	2,148,406	2,148,406
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	1,154,430	N/A	1,154,430	1,154,430
L1 - COMMERCIAL PERSONAL	700,910	N/A	700,910	700,910
L2 - INDUSTRIAL PERSONAL	479,120	N/A	479,120	479,120
M1 - MOBILE HOMES	3,166,820	N/A	3,166,820	3,166,820
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	97,501,549	0	97,501,549	97,501,549
Less Total Deductions	24,666,156	0	24,666,156	24,666,156
Total Taxable Value	72,835,393	0	72,835,393	72,835,393

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
76,070,821	72,835,393	76,070,821	72,835,393

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
3,235,428	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
76,070,821	72,835,393	76,070,821	72,835,393

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

161-925-02/Gholson ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	50,075,968	N/A	50,075,968	50,075,968
B - MULTIFAMILY	338,600	N/A	338,600	338,600
C1 - VACANT LOTS	2,099,510	N/A	2,099,510	2,099,510
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,258,718	N/A	1,258,718	1,258,718
D2 - FARM & RANCH IMP	2,027,705	N/A	2,027,705	2,027,705
E - NON-AG LAND AND IMPROVEMENTS	34,051,362	N/A	34,051,362	34,051,362
F1 - COMMERCIAL REAL	2,148,406	N/A	2,148,406	2,148,406
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	1,154,430	N/A	1,154,430	1,154,430
L1 - COMMERCIAL PERSONAL	700,910	N/A	700,910	700,910
L2 - INDUSTRIAL PERSONAL	479,120	N/A	479,120	479,120
M1 - MOBILE HOMES	3,166,820	N/A	3,166,820	3,166,820
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	97,501,549		97,501,549	97,501,549
Less Total Deductions	24,666,156		24,666,156	24,666,156
Total Taxable Value	72,835,393		72,835,393	72,835,393

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
76,070,821	72,835,393	76,070,821	72,835,393

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
3,235,428	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
76,070,821	72,835,393	76,070,821	72,835,393

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