taxes Property Tax Assistance

2022 ISD Summary Worksheet

Martins Mill ISD (all splits)   Van Zandt County  

234-Van Zandt/Van Zandt County

234-905/Martins Mill ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 58,735,015 N/A 58,735,015 58,735,015
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,938,245 N/A 1,938,245 1,938,245
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,176,617 N/A 6,176,617 6,176,617
D2 - FARM & RANCH IMP 3,603,420 N/A 3,603,420 3,603,420
E - NON-AG LAND AND IMPROVEMENTS 152,577,377 N/A 152,577,377 152,577,377
F1 - COMMERCIAL REAL 5,746,500 N/A 5,746,500 5,746,500
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 300,010 N/A 300,010 300,010
J - ALL UTILITIES 11,830,670 N/A 11,830,670 11,830,670
L1 - COMMERCIAL PERSONAL 1,132,840 N/A 1,132,840 1,132,840
L2 - INDUSTRIAL PERSONAL 51,120 N/A 51,120 51,120
M1 - MOBILE HOMES 4,199,600 N/A 4,199,600 4,199,600
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 246,291,414 0 246,291,414 246,291,414
Less Total Deductions 58,654,808 0 58,654,808 58,654,808
Total Taxable Value 187,636,606 0 187,636,606 187,636,606

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's office 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 school 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

Measure Value Description
T1 194,614,573 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 187,636,606 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 194,614,573 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 187,636,606 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 200,924,573 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 194,614,573 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 187,636,606 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 194,614,573 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 187,636,606 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 200,924,573 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,977,967 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 6,310,000 Loss to the second most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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234-905-02/Martins Mill ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 58,735,015 N/A 58,735,015 58,735,015
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,938,245 N/A 1,938,245 1,938,245
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,176,617 N/A 6,176,617 6,176,617
D2 - FARM & RANCH IMP 3,603,420 N/A 3,603,420 3,603,420
E - NON-AG LAND AND IMPROVEMENTS 152,577,377 N/A 152,577,377 152,577,377
F1 - COMMERCIAL REAL 5,746,500 N/A 5,746,500 5,746,500
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 300,010 N/A 300,010 300,010
J - ALL UTILITIES 11,830,670 N/A 11,830,670 11,830,670
L1 - COMMERCIAL PERSONAL 1,132,840 N/A 1,132,840 1,132,840
L2 - INDUSTRIAL PERSONAL 51,120 N/A 51,120 51,120
M1 - MOBILE HOMES 4,199,600 N/A 4,199,600 4,199,600
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 246,291,414 246,291,414 246,291,414
Less Total Deductions 58,654,808 58,654,808 58,654,808
Total Taxable Value 187,636,606 187,636,606 187,636,606

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's office 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 school 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

Measure Value Description
T1 194,614,573 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 187,636,606 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 194,614,573 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 187,636,606 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 200,924,573 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 194,614,573 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 187,636,606 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 194,614,573 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 187,636,606 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 200,924,573 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,977,967 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 6,310,000 Loss to the second most recent increase in the state-mandated homestead exemption

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