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ceiling reduction
2022 ISD Summary Worksheet
225-Titus/Titus County
225-906/Chapel Hill ISD
| Category | Local Tax Roll Value | 2022 WTD Mean Ratio | 2022 PTAD Value Estimate | 2022 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 82,267,712 | N/A | 82,267,712 | 82,267,712 |
| B - MULTIFAMILY | 880,178 | N/A | 880,178 | 880,178 |
| C1 - VACANT LOTS | 1,000,391 | N/A | 1,000,391 | 1,000,391 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 3,202,081 | N/A | 3,202,081 | 3,202,081 |
| D2 - FARM & RANCH IMP | 6,599,387 | N/A | 6,599,387 | 6,599,387 |
| E - NON-AG LAND AND IMPROVEMENTS | 131,959,160 | N/A | 131,959,160 | 131,959,160 |
| F1 - COMMERCIAL REAL | 2,248,086 | N/A | 2,248,086 | 2,248,086 |
| F2 - INDUSTRIAL REAL | 2,528,440 | N/A | 2,528,440 | 2,528,440 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 8,991,450 | N/A | 8,991,450 | 8,991,450 |
| L1 - COMMERCIAL PERSONAL | 919,342 | N/A | 919,342 | 919,342 |
| L2 - INDUSTRIAL PERSONAL | 607,700 | N/A | 607,700 | 607,700 |
| M1 - MOBILE HOMES | 5,415,273 | N/A | 5,415,273 | 5,415,273 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 24,447 | N/A | 24,447 | 24,447 |
| S - SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 246,643,647 | 0 | 246,643,647 | 246,643,647 |
| Less Total Deductions | 56,732,780 | 0 | 56,732,780 | 56,732,780 |
| Total Taxable Value | 189,910,867 | 0 | 189,910,867 | 189,910,867 |
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 |
|---|---|---|---|---|
| 198,598,004 | 189,910,867 | 198,598,004 | 189,910,867 | 206,518,004 |
| 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 |
|---|---|---|
| 8,687,137 | 0 | 7,920,000 |
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 |
|---|---|---|---|---|
| 198,598,004 | 189,910,867 | 198,598,004 | 189,910,867 | 206,518,004 |
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
225-906-02/Chapel Hill ISD
| Category | Local Tax Roll Value | 2022 WTD Mean Ratio | 2022 PTAD Value Estimate | 2022 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 82,267,712 | N/A | 82,267,712 | 82,267,712 |
| B - MULTIFAMILY | 880,178 | N/A | 880,178 | 880,178 |
| C1 - VACANT LOTS | 1,000,391 | N/A | 1,000,391 | 1,000,391 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 3,202,081 | N/A | 3,202,081 | 3,202,081 |
| D2 - FARM & RANCH IMP | 6,599,387 | N/A | 6,599,387 | 6,599,387 |
| E - NON-AG LAND AND IMPROVEMENTS | 131,959,160 | N/A | 131,959,160 | 131,959,160 |
| F1 - COMMERCIAL REAL | 2,248,086 | N/A | 2,248,086 | 2,248,086 |
| F2 - INDUSTRIAL REAL | 2,528,440 | N/A | 2,528,440 | 2,528,440 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 8,991,450 | N/A | 8,991,450 | 8,991,450 |
| L1 - COMMERCIAL PERSONAL | 919,342 | N/A | 919,342 | 919,342 |
| L2 - INDUSTRIAL PERSONAL | 607,700 | N/A | 607,700 | 607,700 |
| M1 - MOBILE HOMES | 5,415,273 | N/A | 5,415,273 | 5,415,273 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 24,447 | N/A | 24,447 | 24,447 |
| S - SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 246,643,647 | 246,643,647 | 246,643,647 | |
| Less Total Deductions | 56,732,780 | 56,732,780 | 56,732,780 | |
| Total Taxable Value | 189,910,867 | 189,910,867 | 189,910,867 |
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 |
|---|---|---|---|---|
| 198,598,004 | 189,910,867 | 198,598,004 | 189,910,867 | 206,518,004 |
| 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 |
|---|---|---|
| 8,687,137 | 0 | 7,920,000 |
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 |
|---|---|---|---|---|
| 198,598,004 | 189,910,867 | 198,598,004 | 189,910,867 | 206,518,004 |
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 taxceiling 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