taxes Property Tax Assistance

2022 ISD Summary Worksheet

145-Leon/Leon County

145-906/Normangee ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	178,797,640	0.9712	184,099,712	178,797,640
B - MULTIFAMILY	361,990	N/A	361,990	361,990
C1 - VACANT LOTS	17,113,800	N/A	17,113,800	17,113,800
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	4,547,876	1.5427	2,947,908	4,547,876
D2 - FARM & RANCH IMP	6,634,490	N/A	6,634,490	6,634,490
E - NON-AG LAND AND IMPROVEMENTS	112,246,440	0.8240	136,221,408	112,246,440
F1 - COMMERCIAL REAL	9,238,750	N/A	9,238,750	9,238,750
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	20,934,070	N/A	20,934,070	20,934,070
J - ALL UTILITIES	82,741,480	0.9245	89,498,626	82,741,480
L1 - COMMERCIAL PERSONAL	8,475,640	N/A	8,475,640	8,475,640
L2 - INDUSTRIAL PERSONAL	934,690	N/A	934,690	934,690
M1 - MOBILE HOMES	8,468,690	N/A	8,468,690	8,468,690
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	1,294,940	N/A	1,294,940	1,294,940
Subtotal	451,790,496	0	486,224,714	451,790,496
Less Total Deductions	125,170,620	0	129,102,683	125,170,620
Total Taxable Value	326,619,876	0	357,122,031	326,619,876

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
340,265,736	326,619,876	323,607,106	309,961,246	351,245,736

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
13,645,860	16,658,630	10,980,000

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
340,265,736	326,619,876	323,607,106	309,961,246	351,245,736

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

154-Madison/Madison County

145-906/Normangee ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	3,511,800	N/A	3,511,800	3,511,800
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	434,330	N/A	434,330	434,330
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,248,840	1.1377	1,976,610	2,248,840
D2 - FARM & RANCH IMP	6,672,070	0.8915	7,484,094	6,672,070
E - NON-AG LAND AND IMPROVEMENTS	61,156,464	1.0223	59,822,424	61,156,464
F1 - COMMERCIAL REAL	2,001,940	N/A	2,001,940	2,001,940
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	20,599,350	0.9936	20,732,035	20,599,350
J - ALL UTILITIES	28,001,510	0.9036	30,988,834	28,001,510
L1 - COMMERCIAL PERSONAL	1,013,300	N/A	1,013,300	1,013,300
L2 - INDUSTRIAL PERSONAL	209,380	N/A	209,380	209,380
M1 - MOBILE HOMES	1,051,290	N/A	1,051,290	1,051,290
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	375,520	N/A	375,520	375,520
Subtotal	127,275,794	0	129,601,557	127,275,794
Less Total Deductions	21,077,384	0	21,077,384	21,077,384
Total Taxable Value	106,198,410	0	108,524,173	106,198,410

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
108,341,057	106,198,410	104,639,977	102,497,330	110,081,057

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
2,142,647	3,701,080	1,740,000

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
108,341,057	106,198,410	104,639,977	102,497,330	110,081,057

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

145-906-02/Normangee ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	182,309,440	0.9717	187,611,512	182,309,440
B - MULTIFAMILY	361,990	N/A	361,990	361,990
C1 - VACANT LOTS	17,548,130	N/A	17,548,130	17,548,130
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	6,796,716	1.3802	4,924,518	6,796,716
D2 - FARM & RANCH IMP	13,306,560	0.9425	14,118,584	13,306,560
E - NON-AG LAND AND IMPROVEMENTS	173,402,904	0.8845	196,043,832	173,402,904
F1 - COMMERCIAL REAL	11,240,690	N/A	11,240,690	11,240,690
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	41,533,420	0.9968	41,666,105	41,533,420
J - ALL UTILITIES	110,742,990	0.9191	120,487,460	110,742,990
L1 - COMMERCIAL PERSONAL	9,488,940	N/A	9,488,940	9,488,940
L2 - INDUSTRIAL PERSONAL	1,144,070	N/A	1,144,070	1,144,070
M1 - MOBILE HOMES	9,519,980	N/A	9,519,980	9,519,980
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	1,670,460	N/A	1,670,460	1,670,460
Subtotal	579,066,290		615,826,271	579,066,290
Less Total Deductions	146,248,004		150,180,067	146,248,004
Total Taxable Value	432,818,286		465,646,204	432,818,286

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
448,606,793	432,818,286	428,247,083	412,458,576	461,326,793

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
15,788,507	20,359,710	12,720,000

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
448,606,793	432,818,286	428,247,083	412,458,576	461,326,793

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