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