taxes Property Tax Assistance

2022 ISD Summary Worksheet

176-Newton/Newton County

176-902/Newton ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	121,205,100	0.8981	134,957,243	121,205,100
B - MULTIFAMILY	1,325,600	N/A	1,325,600	1,325,600
C1 - VACANT LOTS	9,689,671	N/A	9,689,671	9,689,671
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	59,031,726	1.0284	57,403,921	59,031,726
D2 - FARM & RANCH IMP	648,889	N/A	648,889	648,889
E - NON-AG LAND AND IMPROVEMENTS	148,903,869	1.0434	142,710,244	148,903,869
F1 - COMMERCIAL REAL	15,785,440	N/A	15,785,440	15,785,440
F2 - INDUSTRIAL REAL	2,428,481	N/A	2,428,481	2,428,481
G - ALL MINERALS	61,863,763	1.0050	61,555,983	61,863,763
J - ALL UTILITIES	25,006,080	N/A	25,006,080	25,006,080
L1 - COMMERCIAL PERSONAL	3,989,789	N/A	3,989,789	3,989,789
L2 - INDUSTRIAL PERSONAL	6,238,160	N/A	6,238,160	6,238,160
M1 - MOBILE HOMES	24,200,085	N/A	24,200,085	24,200,085
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	6,098	N/A	6,098	6,098
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	480,322,751	0	485,945,684	480,322,751
Less Total Deductions	113,354,648	0	123,713,418	113,354,648
Total Taxable Value	366,968,103	0	362,232,266	366,968,103

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
382,259,255	366,968,103	367,185,906	351,894,754	401,209,255

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
15,291,152	15,073,349	18,950,000

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
382,259,255	366,968,103	367,185,906	351,894,754	401,209,255

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

176-902-02/Newton ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	121,205,100	0.8981	134,957,243	121,205,100
B - MULTIFAMILY	1,325,600	N/A	1,325,600	1,325,600
C1 - VACANT LOTS	9,689,671	N/A	9,689,671	9,689,671
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	59,031,726	1.0284	57,403,921	59,031,726
D2 - FARM & RANCH IMP	648,889	N/A	648,889	648,889
E - NON-AG LAND AND IMPROVEMENTS	148,903,869	1.0434	142,710,244	148,903,869
F1 - COMMERCIAL REAL	15,785,440	N/A	15,785,440	15,785,440
F2 - INDUSTRIAL REAL	2,428,481	N/A	2,428,481	2,428,481
G - ALL MINERALS	61,863,763	1.0050	61,555,983	61,863,763
J - ALL UTILITIES	25,006,080	N/A	25,006,080	25,006,080
L1 - COMMERCIAL PERSONAL	3,989,789	N/A	3,989,789	3,989,789
L2 - INDUSTRIAL PERSONAL	6,238,160	N/A	6,238,160	6,238,160
M1 - MOBILE HOMES	24,200,085	N/A	24,200,085	24,200,085
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	6,098	N/A	6,098	6,098
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	480,322,751		485,945,684	480,322,751
Less Total Deductions	113,354,648		123,713,418	113,354,648
Total Taxable Value	366,968,103		362,232,266	366,968,103

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
382,259,255	366,968,103	367,185,906	351,894,754	401,209,255

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
15,291,152	15,073,349	18,950,000

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
382,259,255	366,968,103	367,185,906	351,894,754	401,209,255

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