taxes Property Tax Assistance

2022 ISD Summary Worksheet

168-Mitchell/Mitchell County

168-902/Loraine ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	17,492,135	N/A	17,492,135	17,492,135
B - MULTIFAMILY	170,919	N/A	170,919	170,919
C1 - VACANT LOTS	466,448	N/A	466,448	466,448
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	13,051,695	N/A	13,051,695	13,051,695
D2 - FARM & RANCH IMP	1,206,348	N/A	1,206,348	1,206,348
E - NON-AG LAND AND IMPROVEMENTS	17,071,581	N/A	17,071,581	17,071,581
F1 - COMMERCIAL REAL	1,155,929	N/A	1,155,929	1,155,929
F2 - INDUSTRIAL REAL	57,552,726	N/A	57,552,726	57,552,726
G - ALL MINERALS	1,272,943	N/A	1,272,943	1,272,943
J - ALL UTILITIES	64,399,480	N/A	64,399,480	64,399,480
L1 - COMMERCIAL PERSONAL	668,926	N/A	668,926	668,926
L2 - INDUSTRIAL PERSONAL	2,801,520	N/A	2,801,520	2,801,520
M1 - MOBILE HOMES	263,292	N/A	263,292	263,292
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	177,573,942	0	177,573,942	177,573,942
Less Total Deductions	11,279,069	0	11,279,069	11,279,069
Total Taxable Value	166,294,873	0	166,294,873	166,294,873

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
168,755,811	166,294,873	168,755,811	166,294,873	170,965,811

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
2,460,938	0	2,210,000

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
168,755,811	166,294,873	168,755,811	166,294,873	170,965,811

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

168-902-02/Loraine ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	17,492,135	N/A	17,492,135	17,492,135
B - MULTIFAMILY	170,919	N/A	170,919	170,919
C1 - VACANT LOTS	466,448	N/A	466,448	466,448
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	13,051,695	N/A	13,051,695	13,051,695
D2 - FARM & RANCH IMP	1,206,348	N/A	1,206,348	1,206,348
E - NON-AG LAND AND IMPROVEMENTS	17,071,581	N/A	17,071,581	17,071,581
F1 - COMMERCIAL REAL	1,155,929	N/A	1,155,929	1,155,929
F2 - INDUSTRIAL REAL	57,552,726	N/A	57,552,726	57,552,726
G - ALL MINERALS	1,272,943	N/A	1,272,943	1,272,943
J - ALL UTILITIES	64,399,480	N/A	64,399,480	64,399,480
L1 - COMMERCIAL PERSONAL	668,926	N/A	668,926	668,926
L2 - INDUSTRIAL PERSONAL	2,801,520	N/A	2,801,520	2,801,520
M1 - MOBILE HOMES	263,292	N/A	263,292	263,292
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	177,573,942		177,573,942	177,573,942
Less Total Deductions	11,279,069		11,279,069	11,279,069
Total Taxable Value	166,294,873		166,294,873	166,294,873

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
168,755,811	166,294,873	168,755,811	166,294,873	170,965,811

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
2,460,938	0	2,210,000

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
168,755,811	166,294,873	168,755,811	166,294,873	170,965,811

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