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ceiling reduction
2022 ISD Summary Worksheet
234-Van Zandt /Van Zandt County
234-902/Canton ISD
| Category | Local Tax Roll Value | 2022 WTD Mean Ratio | 2022 PTAD Value Estimate | 2022 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 636,466,656 | N/A | 636,466,656 | 636,466,656 |
| B - MULTIFAMILY | 20,140,544 | N/A | 20,140,544 | 20,140,544 |
| C1 - VACANT LOTS | 18,290,777 | N/A | 18,290,777 | 18,290,777 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 13,756,800 | N/A | 13,756,800 | 13,756,800 |
| D2 - FARM & RANCH IMP | 9,641,320 | N/A | 9,641,320 | 9,641,320 |
| E - NON-AG LAND AND IMPROVEMENTS | 502,845,315 | N/A | 502,845,315 | 502,845,315 |
| F1 - COMMERCIAL REAL | 223,267,869 | N/A | 223,267,869 | 223,267,869 |
| F2 - INDUSTRIAL REAL | 5,063,040 | N/A | 5,063,040 | 5,063,040 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 50,193,950 | N/A | 50,193,950 | 50,193,950 |
| L1 - COMMERCIAL PERSONAL | 48,593,185 | N/A | 48,593,185 | 48,593,185 |
| L2 - INDUSTRIAL PERSONAL | 7,458,670 | N/A | 7,458,670 | 7,458,670 |
| M1 - MOBILE HOMES | 12,176,377 | N/A | 12,176,377 | 12,176,377 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 0 | N/A | 0 | 0 |
| S - SPECIAL INVENTORY | 5,283,357 | N/A | 5,283,357 | 5,283,357 |
| Subtotal | 1,553,177,860 | 0 | 1,553,177,860 | 1,553,177,860 |
| Less Total Deductions | 358,664,756 | 0 | 358,664,756 | 358,664,756 |
| Total Taxable Value | 1,194,513,104 | 0 | 1,194,513,104 | 1,194,513,104 |
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 |
|---|---|---|---|---|
| 1,237,478,192 | 1,194,513,104 | 1,237,478,192 | 1,194,513,104 | 1,272,028,192 |
| 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 |
|---|---|---|
| 42,965,088 | 0 | 34,550,000 |
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 |
|---|---|---|---|---|
| 1,237,478,192 | 1,194,513,104 | 1,237,478,192 | 1,194,513,104 | 1,272,028,192 |
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
234-902-02/Canton ISD
| Category | Local Tax Roll Value | 2022 WTD Mean Ratio | 2022 PTAD Value Estimate | 2022 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 636,466,656 | N/A | 636,466,656 | 636,466,656 |
| B - MULTIFAMILY | 20,140,544 | N/A | 20,140,544 | 20,140,544 |
| C1 - VACANT LOTS | 18,290,777 | N/A | 18,290,777 | 18,290,777 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 13,756,800 | N/A | 13,756,800 | 13,756,800 |
| D2 - FARM & RANCH IMP | 9,641,320 | N/A | 9,641,320 | 9,641,320 |
| E - NON-AG LAND AND IMPROVEMENTS | 502,845,315 | N/A | 502,845,315 | 502,845,315 |
| F1 - COMMERCIAL REAL | 223,267,869 | N/A | 223,267,869 | 223,267,869 |
| F2 - INDUSTRIAL REAL | 5,063,040 | N/A | 5,063,040 | 5,063,040 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 50,193,950 | N/A | 50,193,950 | 50,193,950 |
| L1 - COMMERCIAL PERSONAL | 48,593,185 | N/A | 48,593,185 | 48,593,185 |
| L2 - INDUSTRIAL PERSONAL | 7,458,670 | N/A | 7,458,670 | 7,458,670 |
| M1 - MOBILE HOMES | 12,176,377 | N/A | 12,176,377 | 12,176,377 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 0 | N/A | 0 | 0 |
| S - SPECIAL INVENTORY | 5,283,357 | N/A | 5,283,357 | 5,283,357 |
| Subtotal | 1,553,177,860 | 1,553,177,860 | 1,553,177,860 | |
| Less Total Deductions | 358,664,756 | 358,664,756 | 358,664,756 | |
| Total Taxable Value | 1,194,513,104 | 1,194,513,104 | 1,194,513,104 |
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 |
|---|---|---|---|---|
| 1,237,478,192 | 1,194,513,104 | 1,237,478,192 | 1,194,513,104 | 1,272,028,192 |
| 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 |
|---|---|---|
| 42,965,088 | 0 | 34,550,000 |
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 |
|---|---|---|---|---|
| 1,237,478,192 | 1,194,513,104 | 1,237,478,192 | 1,194,513,104 | 1,272,028,192 |
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