taxes Property Tax Assistance

2022 ISD Summary Worksheet

083-Gaines /Gaines County

083-903/Seminole ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 324,136,901 0.8812 367,835,793 324,136,901
B - MULTIFAMILY 7,209,662 N/A 7,209,662 7,209,662
C1 - VACANT LOTS 75,879,649 N/A 75,879,649 75,879,649
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 35,865,479 0.9643 37,191,746 35,865,479
D2 - FARM & RANCH IMP 3,621,199 N/A 3,621,199 3,621,199
E - NON-AG LAND AND IMPROVEMENTS 699,360,567 0.8442 828,429,954 699,360,567
F1 - COMMERCIAL REAL 165,734,173 0.9887 167,628,374 165,734,173
F2 - INDUSTRIAL REAL 214,867,680 N/A 214,867,680 214,867,680
G - ALL MINERALS 2,310,647,918 1.0061 2,296,638,424 2,310,647,918
J - ALL UTILITIES 156,890,950 N/A 156,890,950 156,890,950
L1 - COMMERCIAL PERSONAL 62,219,800 N/A 62,219,800 62,219,800
L2 - INDUSTRIAL PERSONAL 260,961,840 N/A 260,961,840 260,961,840
M1 - MOBILE HOMES 86,651,960 N/A 86,651,960 86,651,960
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,926,850 N/A 3,926,850 3,926,850
Subtotal 4,407,974,628 0 4,569,953,881 4,407,974,628
Less Total Deductions 275,027,789 0 301,312,713 275,027,789
Total Taxable Value 4,132,946,839 0 4,268,641,168 4,132,946,839

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
4,170,493,026 4,132,946,839 4,170,493,026 4,132,946,839 4,205,853,026


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
37,546,187 0 35,360,000


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
4,170,493,026 4,132,946,839 4,170,493,026 4,132,946,839 4,205,853,026

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

083-903-02/Seminole ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 324,136,901 0.8812 367,835,793 324,136,901
B - MULTIFAMILY 7,209,662 N/A 7,209,662 7,209,662
C1 - VACANT LOTS 75,879,649 N/A 75,879,649 75,879,649
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 35,865,479 0.9643 37,191,746 35,865,479
D2 - FARM & RANCH IMP 3,621,199 N/A 3,621,199 3,621,199
E - NON-AG LAND AND IMPROVEMENTS 699,360,567 0.8442 828,429,954 699,360,567
F1 - COMMERCIAL REAL 165,734,173 0.9887 167,628,374 165,734,173
F2 - INDUSTRIAL REAL 214,867,680 N/A 214,867,680 214,867,680
G - ALL MINERALS 2,310,647,918 1.0061 2,296,638,424 2,310,647,918
J - ALL UTILITIES 156,890,950 N/A 156,890,950 156,890,950
L1 - COMMERCIAL PERSONAL 62,219,800 N/A 62,219,800 62,219,800
L2 - INDUSTRIAL PERSONAL 260,961,840 N/A 260,961,840 260,961,840
M1 - MOBILE HOMES 86,651,960 N/A 86,651,960 86,651,960
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,926,850 N/A 3,926,850 3,926,850
Subtotal 4,407,974,628 4,569,953,881 4,407,974,628
Less Total Deductions 275,027,789 301,312,713 275,027,789
Total Taxable Value 4,132,946,839 4,268,641,168 4,132,946,839

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
4,170,493,026 4,132,946,839 4,170,493,026 4,132,946,839 4,205,853,026


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
37,546,187 0 35,360,000


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
4,170,493,026 4,132,946,839 4,170,493,026 4,132,946,839 4,205,853,026

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