taxes Property Tax Assistance

2022 ISD Summary Worksheet

Normangee ISD (all splits)   Leon County   Madison County  

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's office 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 school 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 340,265,736 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 326,619,876 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 323,607,106 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 309,961,246 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 351,245,736 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 340,265,736 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 326,619,876 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 323,607,106 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 309,961,246 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 351,245,736 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 13,645,860 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 16,658,630 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,980,000 Loss to the second most recent increase in the state-mandated homestead exemption

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


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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's office 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 school 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 108,341,057 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 106,198,410 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 104,639,977 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 102,497,330 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 110,081,057 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 108,341,057 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 106,198,410 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 104,639,977 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 102,497,330 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 110,081,057 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 2,142,647 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 3,701,080 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,740,000 Loss to the second most recent increase in the state-mandated homestead exemption

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


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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's office 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 school 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 448,606,793 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 432,818,286 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 428,247,083 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 412,458,576 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 461,326,793 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 448,606,793 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 432,818,286 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 428,247,083 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 412,458,576 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 461,326,793 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 15,788,507 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 20,359,710 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 12,720,000 Loss to the second most recent increase in the state-mandated homestead exemption

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