taxes Property Tax Assistance

2021 ISD Summary Worksheet

223-Terry /Terry County

223-902/Meadow ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 9,832,788 0.9154 10,741,521 10,741,521
B - MULTIFAMILY 28,421 N/A 28,421 28,421
C1 - VACANT LOTS 48,362 N/A 48,362 48,362
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,681,799 0.8922 17,576,203 17,576,203
D2 - FARM & RANCH IMP 1,448,256 N/A 1,448,256 1,448,256
E - NON-AG LAND AND IMPROVEMENTS 10,879,526 0.7044 15,445,097 15,445,097
F1 - COMMERCIAL REAL 716,283 N/A 716,283 716,283
F2 - INDUSTRIAL REAL 1,022,709 N/A 1,022,709 1,022,709
G - ALL MINERALS 7,188,802 0.9785 7,346,757 7,346,757
J - ALL UTILITIES 13,221,483 0.8665 15,258,492 15,258,492
L1 - COMMERCIAL PERSONAL 91,131 N/A 91,131 91,131
L2 - INDUSTRIAL PERSONAL 2,433,347 N/A 2,433,347 2,433,347
M1 - MOBILE HOMES 287,886 N/A 287,886 287,886
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 62,880,793 0 72,444,465 72,444,465
Less Total Deductions 5,751,190 0 6,242,383 6,242,383
Total Taxable Value 57,129,603 0 66,202,082 66,202,082

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
67,055,553 66,202,082 67,055,553 66,202,082


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
853,471 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
67,055,553 66,202,082 67,055,553 66,202,082

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

223-902-02/Meadow ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 9,832,788 0.9154 10,741,521 10,741,521
B - MULTIFAMILY 28,421 N/A 28,421 28,421
C1 - VACANT LOTS 48,362 N/A 48,362 48,362
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,681,799 0.8922 17,576,203 17,576,203
D2 - FARM & RANCH IMP 1,448,256 N/A 1,448,256 1,448,256
E - NON-AG LAND AND IMPROVEMENTS 10,879,526 0.7044 15,445,097 15,445,097
F1 - COMMERCIAL REAL 716,283 N/A 716,283 716,283
F2 - INDUSTRIAL REAL 1,022,709 N/A 1,022,709 1,022,709
G - ALL MINERALS 7,188,802 0.9785 7,346,757 7,346,757
J - ALL UTILITIES 13,221,483 0.8665 15,258,492 15,258,492
L1 - COMMERCIAL PERSONAL 91,131 N/A 91,131 91,131
L2 - INDUSTRIAL PERSONAL 2,433,347 N/A 2,433,347 2,433,347
M1 - MOBILE HOMES 287,886 N/A 287,886 287,886
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 62,880,793 72,444,465 72,444,465
Less Total Deductions 5,751,190 6,242,383 6,242,383
Total Taxable Value 57,129,603 66,202,082 66,202,082

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
67,055,553 66,202,082 67,055,553 66,202,082


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
853,471 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
67,055,553 66,202,082 67,055,553 66,202,082

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