taxes Property Tax Assistance

2022 ISD Summary Worksheet

125-Jim Wells/Jim Wells County

125-906/La Gloria ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 128,388 N/A 128,388 128,388
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,988,951 1.2640 1,573,596 1,573,596
D2 - FARM & RANCH IMP 355,390 N/A 355,390 355,390
E - NON-AG LAND AND IMPROVEMENTS 15,773,719 0.7672 20,560,113 20,560,113
F1 - COMMERCIAL REAL 132,690 N/A 132,690 132,690
F2 - INDUSTRIAL REAL 8,865,859 N/A 8,865,859 8,865,859
G - ALL MINERALS 755,950 N/A 755,950 755,950
J - ALL UTILITIES 15,180,296 0.9478 16,016,349 16,016,349
L1 - COMMERCIAL PERSONAL 35,902 N/A 35,902 35,902
L2 - INDUSTRIAL PERSONAL 2,849,360 N/A 2,849,360 2,849,360
M1 - MOBILE HOMES 454,763 N/A 454,763 454,763
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 46,521,268 0 51,728,360 51,728,360
Less Total Deductions 3,489,990 0 3,489,990 3,489,990
Total Taxable Value 43,031,278 0 48,238,370 48,238,370

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 48,882,405 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 48,169,690 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 48,747,959 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 48,035,244 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 49,662,405 T-1 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 48,882,405 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 48,169,690 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 48,747,959 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 48,035,244 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 49,662,405 T13 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 712,715 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 134,446 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 780,000 Loss to the previous increase in the state-mandated homestead

THE PVS FOUND YOUR LOCAL 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)

125-906-02/La Gloria ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 128,388 N/A 128,388 128,388
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,988,951 1.2640 1,573,596 1,573,596
D2 - FARM & RANCH IMP 355,390 N/A 355,390 355,390
E - NON-AG LAND AND IMPROVEMENTS 15,773,719 0.7672 20,560,113 20,560,113
F1 - COMMERCIAL REAL 132,690 N/A 132,690 132,690
F2 - INDUSTRIAL REAL 8,865,859 N/A 8,865,859 8,865,859
G - ALL MINERALS 755,950 N/A 755,950 755,950
J - ALL UTILITIES 15,180,296 0.9478 16,016,349 16,016,349
L1 - COMMERCIAL PERSONAL 35,902 N/A 35,902 35,902
L2 - INDUSTRIAL PERSONAL 2,849,360 N/A 2,849,360 2,849,360
M1 - MOBILE HOMES 454,763 N/A 454,763 454,763
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 46,521,268 51,728,360 51,728,360
Less Total Deductions 3,489,990 3,489,990 3,489,990
Total Taxable Value 43,031,278 48,238,370 48,238,370

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 48,882,405 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 48,169,690 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 48,747,959 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 48,035,244 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 49,662,405 T-1 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 48,882,405 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 48,169,690 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 48,747,959 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 48,035,244 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 49,662,405 T13 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 712,715 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 134,446 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 780,000 Loss to the previous increase in the state-mandated homestead