taxes Property Tax Assistance

2022 ISD Summary Worksheet

175-Navarro/Navarro County

175-911/Rice ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	80,123,470	0.8968	89,343,744	80,123,470
B - MULTIFAMILY	132,460	N/A	132,460	132,460
C1 - VACANT LOTS	9,991,252	N/A	9,991,252	9,991,252
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,844,181	N/A	3,844,181	3,844,181
D2 - FARM & RANCH IMP	2,104,050	N/A	2,104,050	2,104,050
E - NON-AG LAND AND IMPROVEMENTS	113,714,559	0.8223	138,288,409	113,714,559
F1 - COMMERCIAL REAL	22,029,975	0.9913	22,223,318	22,029,975
F2 - INDUSTRIAL REAL	207,320	N/A	207,320	207,320
G - ALL MINERALS	15,340	N/A	15,340	15,340
J - ALL UTILITIES	24,385,090	0.9273	26,296,873	24,385,090
L1 - COMMERCIAL PERSONAL	8,358,010	N/A	8,358,010	8,358,010
L2 - INDUSTRIAL PERSONAL	576,010	N/A	576,010	576,010
M1 - MOBILE HOMES	13,151,710	N/A	13,151,710	13,151,710
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	102,940	N/A	102,940	102,940
S - SPECIAL INVENTORY	2,394,980	N/A	2,394,980	2,394,980
Subtotal	281,131,347	0	317,030,597	281,131,347
Less Total Deductions	43,673,865	0	47,677,911	43,673,865
Total Taxable Value	237,457,482	0	269,352,686	237,457,482

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
244,305,761	237,457,482	244,305,761	237,457,482	251,075,761

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
6,848,279	0	6,770,000

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
244,305,761	237,457,482	244,305,761	237,457,482	251,075,761

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 TWO OF THE GRACE PERIOD

175-911-02/Rice ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	80,123,470	0.8968	89,343,744	80,123,470
B - MULTIFAMILY	132,460	N/A	132,460	132,460
C1 - VACANT LOTS	9,991,252	N/A	9,991,252	9,991,252
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,844,181	N/A	3,844,181	3,844,181
D2 - FARM & RANCH IMP	2,104,050	N/A	2,104,050	2,104,050
E - NON-AG LAND AND IMPROVEMENTS	113,714,559	0.8223	138,288,409	113,714,559
F1 - COMMERCIAL REAL	22,029,975	0.9913	22,223,318	22,029,975
F2 - INDUSTRIAL REAL	207,320	N/A	207,320	207,320
G - ALL MINERALS	15,340	N/A	15,340	15,340
J - ALL UTILITIES	24,385,090	0.9273	26,296,873	24,385,090
L1 - COMMERCIAL PERSONAL	8,358,010	N/A	8,358,010	8,358,010
L2 - INDUSTRIAL PERSONAL	576,010	N/A	576,010	576,010
M1 - MOBILE HOMES	13,151,710	N/A	13,151,710	13,151,710
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	102,940	N/A	102,940	102,940
S - SPECIAL INVENTORY	2,394,980	N/A	2,394,980	2,394,980
Subtotal	281,131,347		317,030,597	281,131,347
Less Total Deductions	43,673,865		47,677,911	43,673,865
Total Taxable Value	237,457,482		269,352,686	237,457,482

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
244,305,761	237,457,482	244,305,761	237,457,482	251,075,761

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
6,848,279	0	6,770,000

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
244,305,761	237,457,482	244,305,761	237,457,482	251,075,761

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