taxes Property Tax Assistance

2022 ISD Summary Worksheet

093-Grimes/Grimes County

093-903/Iola ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 205,333,631 0.9672 212,296,972 205,333,631
B - MULTIFAMILY 175,280 N/A 175,280 175,280
C1 - VACANT LOTS 25,280,671 N/A 25,280,671 25,280,671
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,696,095 1.1097 5,132,775 5,696,095
D2 - FARM & RANCH IMP 9,854,170 N/A 9,854,170 9,854,170
E - NON-AG LAND AND IMPROVEMENTS 200,148,263 0.9179 218,050,183 200,148,263
F1 - COMMERCIAL REAL 5,364,363 N/A 5,364,363 5,364,363
F2 - INDUSTRIAL REAL 3,399,530 N/A 3,399,530 3,399,530
G - ALL MINERALS 71,932,126 1.0143 70,917,999 71,932,126
J - ALL UTILITIES 148,695,272 0.9964 149,232,509 148,695,272
L1 - COMMERCIAL PERSONAL 6,039,246 N/A 6,039,246 6,039,246
L2 - INDUSTRIAL PERSONAL 1,035,561 N/A 1,035,561 1,035,561
M1 - MOBILE HOMES 11,693,420 N/A 11,693,420 11,693,420
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 133,320 N/A 133,320 133,320
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 694,780,948 0 718,605,999 694,780,948
Less Total Deductions 86,632,107 0 91,290,403 86,632,107
Total Taxable Value 608,148,841 0 627,315,596 608,148,841

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

Measure Value Description
T1 619,820,339 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 608,148,841 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 619,820,339 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 608,148,841 T2 minus 50% of the loss to the local optional percentage homestead exemption
T15 630,170,339 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 619,820,339 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 608,148,841 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 619,820,339 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 608,148,841 T8 minus 50% of the loss to the local optional percentage homestead exemption
T16 630,170,339 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 11,671,498 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,350,000 Loss to the previous increase in the state-mandated homestead

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

093-903-02/Iola ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 205,333,631 0.9672 212,296,972 205,333,631
B - MULTIFAMILY 175,280 N/A 175,280 175,280
C1 - VACANT LOTS 25,280,671 N/A 25,280,671 25,280,671
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,696,095 1.1097 5,132,775 5,696,095
D2 - FARM & RANCH IMP 9,854,170 N/A 9,854,170 9,854,170
E - NON-AG LAND AND IMPROVEMENTS 200,148,263 0.9179 218,050,183 200,148,263
F1 - COMMERCIAL REAL 5,364,363 N/A 5,364,363 5,364,363
F2 - INDUSTRIAL REAL 3,399,530 N/A 3,399,530 3,399,530
G - ALL MINERALS 71,932,126 1.0143 70,917,999 71,932,126
J - ALL UTILITIES 148,695,272 0.9964 149,232,509 148,695,272
L1 - COMMERCIAL PERSONAL 6,039,246 N/A 6,039,246 6,039,246
L2 - INDUSTRIAL PERSONAL 1,035,561 N/A 1,035,561 1,035,561
M1 - MOBILE HOMES 11,693,420 N/A 11,693,420 11,693,420
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 133,320 N/A 133,320 133,320
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 694,780,948 718,605,999 694,780,948
Less Total Deductions 86,632,107 91,290,403 86,632,107
Total Taxable Value 608,148,841 627,315,596 608,148,841

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

Measure Value Description
T1 619,820,339 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 608,148,841 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 619,820,339 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 608,148,841 T2 minus 50% of the loss to the local optional percentage homestead exemption
T15 630,170,339 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 619,820,339 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 608,148,841 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 619,820,339 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 608,148,841 T8 minus 50% of the loss to the local optional percentage homestead exemption
T16 630,170,339 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 11,671,498 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,350,000 Loss to the previous increase in the state-mandated homestead