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