taxes Property Tax Assistance

2022 ISD Summary Worksheet

161-McLennan/McLennan County

161-925/Gholson ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 72,236,910 1.0637 67,910,981 72,236,910
B - MULTIFAMILY 385,167 N/A 385,167 385,167
C1 - VACANT LOTS 2,376,480 N/A 2,376,480 2,376,480
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,280,288 1.1315 1,131,544 1,280,288
D2 - FARM & RANCH IMP 2,725,812 N/A 2,725,812 2,725,812
E - NON-AG LAND AND IMPROVEMENTS 45,564,970 0.9173 49,672,921 45,564,970
F1 - COMMERCIAL REAL 2,236,084 N/A 2,236,084 2,236,084
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,215,810 N/A 1,215,810 1,215,810
L1 - COMMERCIAL PERSONAL 968,520 N/A 968,520 968,520
L2 - INDUSTRIAL PERSONAL 479,940 N/A 479,940 479,940
M1 - MOBILE HOMES 4,596,920 N/A 4,596,920 4,596,920
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 13,280 N/A 13,280 13,280
Subtotal 134,080,181 0 133,713,459 134,080,181
Less Total Deductions 43,430,640 0 40,692,842 43,430,640
Total Taxable Value 90,649,541 0 93,020,617 90,649,541

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
95,377,280 90,649,541 95,377,280 90,649,541 99,357,280


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
4,727,739 0 3,980,000


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
95,377,280 90,649,541 95,377,280 90,649,541 99,357,280

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

161-925-02/Gholson ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 72,236,910 1.0637 67,910,981 72,236,910
B - MULTIFAMILY 385,167 N/A 385,167 385,167
C1 - VACANT LOTS 2,376,480 N/A 2,376,480 2,376,480
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,280,288 1.1315 1,131,544 1,280,288
D2 - FARM & RANCH IMP 2,725,812 N/A 2,725,812 2,725,812
E - NON-AG LAND AND IMPROVEMENTS 45,564,970 0.9173 49,672,921 45,564,970
F1 - COMMERCIAL REAL 2,236,084 N/A 2,236,084 2,236,084
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,215,810 N/A 1,215,810 1,215,810
L1 - COMMERCIAL PERSONAL 968,520 N/A 968,520 968,520
L2 - INDUSTRIAL PERSONAL 479,940 N/A 479,940 479,940
M1 - MOBILE HOMES 4,596,920 N/A 4,596,920 4,596,920
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 13,280 N/A 13,280 13,280
Subtotal 134,080,181 133,713,459 134,080,181
Less Total Deductions 43,430,640 40,692,842 43,430,640
Total Taxable Value 90,649,541 93,020,617 90,649,541

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
95,377,280 90,649,541 95,377,280 90,649,541 99,357,280


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
4,727,739 0 3,980,000


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
95,377,280 90,649,541 95,377,280 90,649,541 99,357,280

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