taxes Property Tax Assistance

2022 ISD Summary Worksheet

109-Hill/Hill County

109-907/Itasca ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	107,615,380	0.9511	113,148,334	107,615,380
B - MULTIFAMILY	1,046,470	N/A	1,046,470	1,046,470
C1 - VACANT LOTS	8,456,560	N/A	8,456,560	8,456,560
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,603,361	1.3614	8,523,336	11,603,361
D2 - FARM & RANCH IMP	11,564,740	N/A	11,564,740	11,564,740
E - NON-AG LAND AND IMPROVEMENTS	145,370,721	1.0028	144,964,820	145,370,721
F1 - COMMERCIAL REAL	21,328,939	0.8611	24,769,410	21,328,939
F2 - INDUSTRIAL REAL	5,676,750	N/A	5,676,750	5,676,750
G - ALL MINERALS	3,940,209	N/A	3,940,209	3,940,209
J - ALL UTILITIES	42,965,920	0.8795	48,852,666	42,965,920
L1 - COMMERCIAL PERSONAL	17,059,250	0.9971	17,108,866	17,059,250
L2 - INDUSTRIAL PERSONAL	14,944,770	N/A	14,944,770	14,944,770
M1 - MOBILE HOMES	2,747,680	N/A	2,747,680	2,747,680
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	8,770	N/A	8,770	8,770
Subtotal	394,329,520	0	405,753,381	394,329,520
Less Total Deductions	75,452,507	0	79,622,879	75,452,507
Total Taxable Value	318,877,013	0	326,130,502	318,877,013

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
329,890,528	318,877,013	329,890,528	318,877,013	339,300,528

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
11,013,515	0	9,410,000

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
329,890,528	318,877,013	329,890,528	318,877,013	339,300,528

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

109-907-02/Itasca ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	107,615,380	0.9511	113,148,334	107,615,380
B - MULTIFAMILY	1,046,470	N/A	1,046,470	1,046,470
C1 - VACANT LOTS	8,456,560	N/A	8,456,560	8,456,560
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,603,361	1.3614	8,523,336	11,603,361
D2 - FARM & RANCH IMP	11,564,740	N/A	11,564,740	11,564,740
E - NON-AG LAND AND IMPROVEMENTS	145,370,721	1.0028	144,964,820	145,370,721
F1 - COMMERCIAL REAL	21,328,939	0.8611	24,769,410	21,328,939
F2 - INDUSTRIAL REAL	5,676,750	N/A	5,676,750	5,676,750
G - ALL MINERALS	3,940,209	N/A	3,940,209	3,940,209
J - ALL UTILITIES	42,965,920	0.8795	48,852,666	42,965,920
L1 - COMMERCIAL PERSONAL	17,059,250	0.9971	17,108,866	17,059,250
L2 - INDUSTRIAL PERSONAL	14,944,770	N/A	14,944,770	14,944,770
M1 - MOBILE HOMES	2,747,680	N/A	2,747,680	2,747,680
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	8,770	N/A	8,770	8,770
Subtotal	394,329,520		405,753,381	394,329,520
Less Total Deductions	75,452,507		79,622,879	75,452,507
Total Taxable Value	318,877,013		326,130,502	318,877,013

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
329,890,528	318,877,013	329,890,528	318,877,013	339,300,528

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
11,013,515	0	9,410,000

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
329,890,528	318,877,013	329,890,528	318,877,013	339,300,528

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