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