taxes Property Tax Assistance

2022 ISD Summary Worksheet

009-Bailey/Bailey County

185-902/Farwell ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,389 N/A 8,389 8,389
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,344,097 N/A 2,344,097 2,344,097
D2 - FARM & RANCH IMP 917,471 N/A 917,471 917,471
E - NON-AG LAND AND IMPROVEMENTS 4,721,112 N/A 4,721,112 4,721,112
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 119,344 N/A 119,344 119,344
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 593,290 N/A 593,290 593,290
L1 - COMMERCIAL PERSONAL 743,245 N/A 743,245 743,245
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 118,071 N/A 118,071 118,071
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 9,565,019 0 9,565,019 9,565,019
Less Total Deductions 979,315 0 979,315 979,315
Total Taxable Value 8,585,704 0 8,585,704 8,585,704

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
8,816,218 8,585,704 8,816,218 8,585,704 9,026,218


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
230,514 0 210,000


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
8,816,218 8,585,704 8,816,218 8,585,704 9,026,218

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

185-Parmer/Parmer County

185-902/Farwell ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 41,209,694 0.8646 47,663,306 47,663,306
B - MULTIFAMILY 1,607,746 N/A 1,607,746 1,607,746
C1 - VACANT LOTS 942,345 N/A 942,345 942,345
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,588,216 1.0475 11,063,181 11,063,181
D2 - FARM & RANCH IMP 3,552,364 N/A 3,552,364 3,552,364
E - NON-AG LAND AND IMPROVEMENTS 36,246,161 0.9716 37,305,641 37,305,641
F1 - COMMERCIAL REAL 6,942,783 N/A 6,942,783 6,942,783
F2 - INDUSTRIAL REAL 32,088,695 N/A 32,088,695 32,088,695
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 36,729,732 0.9574 38,364,040 38,364,040
L1 - COMMERCIAL PERSONAL 6,178,538 N/A 6,178,538 6,178,538
L2 - INDUSTRIAL PERSONAL 10,345,245 N/A 10,345,245 10,345,245
M1 - MOBILE HOMES 159,547 N/A 159,547 159,547
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 26,861 N/A 26,861 26,861
Subtotal 187,617,927 0 196,240,292 196,240,292
Less Total Deductions 23,136,142 0 26,151,494 26,151,494
Total Taxable Value 164,481,785 0 170,088,798 170,088,798

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
174,970,619 170,088,798 174,970,619 170,088,798 179,310,619


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
4,881,821 0 4,340,000


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
174,970,619 170,088,798 174,970,619 170,088,798 179,310,619

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

185-902-02/Farwell ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 41,218,083 0.8646 47,671,695 47,671,695
B - MULTIFAMILY 1,607,746 N/A 1,607,746 1,607,746
C1 - VACANT LOTS 942,345 N/A 942,345 942,345
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,932,313 1.0392 13,407,278 13,407,278
D2 - FARM & RANCH IMP 4,469,835 N/A 4,469,835 4,469,835
E - NON-AG LAND AND IMPROVEMENTS 40,967,273 0.9748 42,026,753 42,026,753
F1 - COMMERCIAL REAL 6,942,783 N/A 6,942,783 6,942,783
F2 - INDUSTRIAL REAL 32,208,039 N/A 32,208,039 32,208,039
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 37,323,022 0.9580 38,957,330 38,957,330
L1 - COMMERCIAL PERSONAL 6,921,783 N/A 6,921,783 6,921,783
L2 - INDUSTRIAL PERSONAL 10,345,245 N/A 10,345,245 10,345,245
M1 - MOBILE HOMES 277,618 N/A 277,618 277,618
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 26,861 N/A 26,861 26,861
Subtotal 197,182,946 205,805,311 205,805,311
Less Total Deductions 24,115,457 27,130,809 27,130,809
Total Taxable Value 173,067,489 178,674,502 178,674,502

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
183,786,837 178,674,502 183,786,837 178,674,502 188,336,837


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
5,112,335 0 4,550,000


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
183,786,837 178,674,502 183,786,837 178,674,502 188,336,837

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