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2023 ISD Summary Worksheet
New Summerfield ISD (all splits) Cherokee County
037-Cherokee/Cherokee County
037-908/New Summerfield ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 42,620,203 | 0.9110 | 46,783,977 | 42,620,203 |
| B - MULTIFAMILY | 0 | N/A | 0 | 0 |
| C1 - VACANT LOTS | 1,958,280 | N/A | 1,958,280 | 1,958,280 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 2,885,579 | 1.1034 | 2,615,134 | 2,885,579 |
| D2 - FARM & RANCH IMP | 1,355,180 | N/A | 1,355,180 | 1,355,180 |
| E - NON-AG LAND AND IMPROVEMENTS | 53,778,700 | 1.1408 | 47,141,217 | 53,778,700 |
| F1 - COMMERCIAL REAL | 5,722,320 | N/A | 5,722,320 | 5,722,320 |
| F2 - INDUSTRIAL REAL | 5,491,680 | N/A | 5,491,680 | 5,491,680 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 14,977,540 | 0.9601 | 15,599,979 | 14,977,540 |
| L1 - COMMERCIAL PERSONAL | 5,816,330 | 0.9530 | 6,103,179 | 5,816,330 |
| L2 - INDUSTRIAL PERSONAL | 8,548,850 | N/A | 8,548,850 | 8,548,850 |
| M1 - MOBILE HOMES | 5,839,210 | N/A | 5,839,210 | 5,839,210 |
| 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 | 148,993,872 | 0 | 147,159,006 | 148,993,872 |
| Less Total Deductions | 49,825,280 | 0 | 52,890,645 | 49,825,280 |
| Total Taxable Value | 99,168,592 | 0 | 94,268,361 | 99,168,592 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 109,471,545 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 99,168,592 | 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 | 109,471,545 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 99,168,592 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 115,156,545 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 118,946,545 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 101,080,304 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 109,471,545 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 99,168,592 | 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 | 109,471,545 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 99,168,592 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 115,156,545 | T13 plus the loss to the chapter 313 agreement |
| T16 | 118,946,545 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 101,080,304 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 10,302,953 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 5,685,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 3,790,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED
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037-908-02/New Summerfield ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 42,620,203 | 0.9110 | 46,783,977 | 42,620,203 |
| B - MULTIFAMILY | 0 | N/A | 0 | 0 |
| C1 - VACANT LOTS | 1,958,280 | N/A | 1,958,280 | 1,958,280 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 2,885,579 | 1.1034 | 2,615,134 | 2,885,579 |
| D2 - FARM & RANCH IMP | 1,355,180 | N/A | 1,355,180 | 1,355,180 |
| E - NON-AG LAND AND IMPROVEMENTS | 53,778,700 | 1.1408 | 47,141,217 | 53,778,700 |
| F1 - COMMERCIAL REAL | 5,722,320 | N/A | 5,722,320 | 5,722,320 |
| F2 - INDUSTRIAL REAL | 5,491,680 | N/A | 5,491,680 | 5,491,680 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 14,977,540 | 0.9601 | 15,599,979 | 14,977,540 |
| L1 - COMMERCIAL PERSONAL | 5,816,330 | 0.9530 | 6,103,179 | 5,816,330 |
| L2 - INDUSTRIAL PERSONAL | 8,548,850 | N/A | 8,548,850 | 8,548,850 |
| M1 - MOBILE HOMES | 5,839,210 | N/A | 5,839,210 | 5,839,210 |
| 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 | 148,993,872 | 147,159,006 | 148,993,872 | |
| Less Total Deductions | 49,825,280 | 52,890,645 | 49,825,280 | |
| Total Taxable Value | 99,168,592 | 94,268,361 | 99,168,592 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 109,471,545 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 99,168,592 | 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 | 109,471,545 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 99,168,592 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 115,156,545 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 118,946,545 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 101,080,304 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 109,471,545 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 99,168,592 | 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 | 109,471,545 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 99,168,592 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 115,156,545 | T13 plus the loss to the chapter 313 agreement |
| T16 | 118,946,545 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 101,080,304 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 10,302,953 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 5,685,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 3,790,000 | Loss to Second Previous Homestead Increase |
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