taxes Property Tax Assistance

2023 ISD Summary Worksheet

Stephenville ISD (all splits)   Erath County  

072-Erath/Erath County

072-903/Stephenville ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 1,362,475,040 0.9197 1,481,434,207 1,362,475,040
B - MULTIFAMILY 284,757,950 0.9142 311,483,209 284,757,950
C1 - VACANT LOTS 15,393,460 N/A 15,393,460 15,393,460
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,947,900 1.0209 13,662,895 13,947,900
D2 - FARM & RANCH IMP 11,147,300 N/A 11,147,300 11,147,300
E - NON-AG LAND AND IMPROVEMENTS 665,328,540 0.9204 722,868,905 665,328,540
F1 - COMMERCIAL REAL 448,885,010 0.9115 492,468,470 448,885,010
F2 - INDUSTRIAL REAL 75,794,500 N/A 75,794,500 75,794,500
G - ALL MINERALS 1,327,770 N/A 1,327,770 1,327,770
J - ALL UTILITIES 161,872,740 1.0188 158,885,689 161,872,740
L1 - COMMERCIAL PERSONAL 202,229,350 1.0561 191,486,933 202,229,350
L2 - INDUSTRIAL PERSONAL 302,371,300 N/A 302,371,300 302,371,300
M1 - MOBILE HOMES 13,071,450 N/A 13,071,450 13,071,450
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,086,930 N/A 1,086,930 1,086,930
S - SPECIAL INVENTORY 15,556,330 N/A 15,556,330 15,556,330
Subtotal 3,575,245,570 0 3,808,039,348 3,575,245,570
Less Total Deductions 951,583,604 0 1,006,460,901 951,583,604
Total Taxable Value 2,623,661,966 0 2,801,578,447 2,623,661,966

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 2,877,859,559 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 2,623,661,966 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 2,877,859,559 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 2,623,661,966 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 2,947,924,559 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 2,994,634,559 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 2,689,358,223 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 2,877,859,559 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 2,623,661,966 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 2,877,859,559 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 2,623,661,966 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 2,947,924,559 T13 plus the loss to the chapter 313 agreement
T16 2,994,634,559 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 2,689,358,223 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 254,197,593 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 70,065,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 46,710,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD


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072-903-02/Stephenville ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 1,362,475,040 0.9197 1,481,434,207 1,362,475,040
B - MULTIFAMILY 284,757,950 0.9142 311,483,209 284,757,950
C1 - VACANT LOTS 15,393,460 N/A 15,393,460 15,393,460
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,947,900 1.0209 13,662,895 13,947,900
D2 - FARM & RANCH IMP 11,147,300 N/A 11,147,300 11,147,300
E - NON-AG LAND AND IMPROVEMENTS 665,328,540 0.9204 722,868,905 665,328,540
F1 - COMMERCIAL REAL 448,885,010 0.9115 492,468,470 448,885,010
F2 - INDUSTRIAL REAL 75,794,500 N/A 75,794,500 75,794,500
G - ALL MINERALS 1,327,770 N/A 1,327,770 1,327,770
J - ALL UTILITIES 161,872,740 1.0188 158,885,689 161,872,740
L1 - COMMERCIAL PERSONAL 202,229,350 1.0561 191,486,933 202,229,350
L2 - INDUSTRIAL PERSONAL 302,371,300 N/A 302,371,300 302,371,300
M1 - MOBILE HOMES 13,071,450 N/A 13,071,450 13,071,450
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,086,930 N/A 1,086,930 1,086,930
S - SPECIAL INVENTORY 15,556,330 N/A 15,556,330 15,556,330
Subtotal 3,575,245,570 3,808,039,348 3,575,245,570
Less Total Deductions 951,583,604 1,006,460,901 951,583,604
Total Taxable Value 2,623,661,966 2,801,578,447 2,623,661,966

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 2,877,859,559 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 2,623,661,966 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 2,877,859,559 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 2,623,661,966 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 2,947,924,559 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 2,994,634,559 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 2,689,358,223 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 2,877,859,559 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 2,623,661,966 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 2,877,859,559 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 2,623,661,966 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 2,947,924,559 T13 plus the loss to the chapter 313 agreement
T16 2,994,634,559 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 2,689,358,223 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 254,197,593 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 70,065,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 46,710,000 Loss to Second Previous Homestead Increase

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