taxes Property Tax Assistance

2022 ISD Summary Worksheet

090-Gray/Gray County

090-902/Lefors ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 7,505,740 0.7187 10,443,495 7,505,740
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 315,970 N/A 315,970 315,970
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,274,386 1.2320 2,657,775 3,274,386
D2 - FARM & RANCH IMP 169,930 N/A 169,930 169,930
E - NON-AG LAND AND IMPROVEMENTS 6,006,900 0.9334 6,435,505 6,006,900
F1 - COMMERCIAL REAL 300,480 N/A 300,480 300,480
F2 - INDUSTRIAL REAL 156,460 N/A 156,460 156,460
G - ALL MINERALS 39,320,250 1.0420 37,735,365 39,320,250
J - ALL UTILITIES 50,187,590 0.7961 63,041,816 50,187,590
L1 - COMMERCIAL PERSONAL 833,210 N/A 833,210 833,210
L2 - INDUSTRIAL PERSONAL 2,174,660 N/A 2,174,660 2,174,660
M1 - MOBILE HOMES 417,000 N/A 417,000 417,000
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 110,662,576 0 124,681,666 110,662,576
Less Total Deductions 5,425,894 0 6,472,199 5,425,894
Total Taxable Value 105,236,682 0 118,209,467 105,236,682

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 T13
105,689,692 105,236,682 105,689,692 105,236,682 107,059,692


Loss to the
Increase in the
State-Mandated Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption 		Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
453,010 0 1,370,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
105,689,692 105,236,682 105,689,692 105,236,682 107,059,692

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

090-902-02/Lefors ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 7,505,740 0.7187 10,443,495 7,505,740
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 315,970 N/A 315,970 315,970
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,274,386 1.2320 2,657,775 3,274,386
D2 - FARM & RANCH IMP 169,930 N/A 169,930 169,930
E - NON-AG LAND AND IMPROVEMENTS 6,006,900 0.9334 6,435,505 6,006,900
F1 - COMMERCIAL REAL 300,480 N/A 300,480 300,480
F2 - INDUSTRIAL REAL 156,460 N/A 156,460 156,460
G - ALL MINERALS 39,320,250 1.0420 37,735,365 39,320,250
J - ALL UTILITIES 50,187,590 0.7961 63,041,816 50,187,590
L1 - COMMERCIAL PERSONAL 833,210 N/A 833,210 833,210
L2 - INDUSTRIAL PERSONAL 2,174,660 N/A 2,174,660 2,174,660
M1 - MOBILE HOMES 417,000 N/A 417,000 417,000
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 110,662,576 124,681,666 110,662,576
Less Total Deductions 5,425,894 6,472,199 5,425,894
Total Taxable Value 105,236,682 118,209,467 105,236,682

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 T13
105,689,692 105,236,682 105,689,692 105,236,682 107,059,692


Loss to the
Increase in the
State-Mandated Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption 		Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
453,010 0 1,370,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
105,689,692 105,236,682 105,689,692 105,236,682 107,059,692

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement