taxes Property Tax Assistance

2022 ISD Summary Worksheet

Loraine ISD (all splits)   Mitchell County  

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'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 168,755,811 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 166,294,873 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 168,755,811 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 166,294,873 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 170,965,811 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 168,755,811 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 166,294,873 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 168,755,811 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 166,294,873 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 170,965,811 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 2,460,938 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,210,000 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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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'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 168,755,811 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 166,294,873 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 168,755,811 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 166,294,873 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 170,965,811 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 168,755,811 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 166,294,873 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 168,755,811 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 166,294,873 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 170,965,811 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 2,460,938 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,210,000 Loss to the second most recent increase in the state-mandated homestead exemption

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