taxes Property Tax Assistance

2022 ISD Summary Worksheet

New Summerfield ISD (all splits)   Cherokee County  

037-Cherokee/Cherokee County

037-908/New Summerfield ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 33,382,973 N/A 33,382,973 33,382,973
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,677,600 N/A 2,677,600 2,677,600
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,141,951 N/A 3,141,951 3,141,951
D2 - FARM & RANCH IMP 1,097,170 N/A 1,097,170 1,097,170
E - NON-AG LAND AND IMPROVEMENTS 44,080,480 N/A 44,080,480 44,080,480
F1 - COMMERCIAL REAL 4,048,820 N/A 4,048,820 4,048,820
F2 - INDUSTRIAL REAL 5,300,440 N/A 5,300,440 5,300,440
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 14,333,090 N/A 14,333,090 14,333,090
L1 - COMMERCIAL PERSONAL 7,557,140 N/A 7,557,140 7,557,140
L2 - INDUSTRIAL PERSONAL 8,464,530 N/A 8,464,530 8,464,530
M1 - MOBILE HOMES 3,469,250 N/A 3,469,250 3,469,250
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 127,553,444 0 127,553,444 127,553,444
Less Total Deductions 31,684,770 0 31,684,770 31,684,770
Total Taxable Value 95,868,674 0 95,868,674 95,868,674

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's office 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 school 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

Measure Value Description
T1 98,937,916 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 95,868,674 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 98,937,916 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 95,868,674 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 102,617,916 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 98,937,916 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 95,868,674 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 98,937,916 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 95,868,674 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 102,617,916 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,069,242 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 3,680,000 Loss to the second most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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037-908-02/New Summerfield ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 33,382,973 N/A 33,382,973 33,382,973
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,677,600 N/A 2,677,600 2,677,600
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,141,951 N/A 3,141,951 3,141,951
D2 - FARM & RANCH IMP 1,097,170 N/A 1,097,170 1,097,170
E - NON-AG LAND AND IMPROVEMENTS 44,080,480 N/A 44,080,480 44,080,480
F1 - COMMERCIAL REAL 4,048,820 N/A 4,048,820 4,048,820
F2 - INDUSTRIAL REAL 5,300,440 N/A 5,300,440 5,300,440
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 14,333,090 N/A 14,333,090 14,333,090
L1 - COMMERCIAL PERSONAL 7,557,140 N/A 7,557,140 7,557,140
L2 - INDUSTRIAL PERSONAL 8,464,530 N/A 8,464,530 8,464,530
M1 - MOBILE HOMES 3,469,250 N/A 3,469,250 3,469,250
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 127,553,444 127,553,444 127,553,444
Less Total Deductions 31,684,770 31,684,770 31,684,770
Total Taxable Value 95,868,674 95,868,674 95,868,674

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's office 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 school 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

Measure Value Description
T1 98,937,916 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 95,868,674 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 98,937,916 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 95,868,674 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 102,617,916 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 98,937,916 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 95,868,674 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 98,937,916 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 95,868,674 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 102,617,916 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,069,242 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 3,680,000 Loss to the second most recent increase in the state-mandated homestead exemption

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