taxes Property Tax Assistance

2023 ISD Summary Worksheet

Honey Grove ISD (all splits)   Fannin County   Lamar County  

074-Fannin/Fannin County

074-907/Honey Grove ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 174,003,304 0.9809 177,391,481 174,003,304
B - MULTIFAMILY 1,562,170 N/A 1,562,170 1,562,170
C1 - VACANT LOTS 7,429,111 N/A 7,429,111 7,429,111
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,227,290 1.0185 13,968,727 14,227,290
D2 - FARM & RANCH IMP 10,247,448 N/A 10,247,448 10,247,448
E - NON-AG LAND AND IMPROVEMENTS 178,475,082 1.0530 169,492,006 178,475,082
F1 - COMMERCIAL REAL 31,567,048 0.9592 32,909,766 31,567,048
F2 - INDUSTRIAL REAL 4,579,810 N/A 4,579,810 4,579,810
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 44,023,640 1.0622 41,445,716 44,023,640
L1 - COMMERCIAL PERSONAL 5,443,800 N/A 5,443,800 5,443,800
L2 - INDUSTRIAL PERSONAL 12,145,330 N/A 12,145,330 12,145,330
M1 - MOBILE HOMES 3,458,180 N/A 3,458,180 3,458,180
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 87,070 N/A 87,070 87,070
Subtotal 487,249,283 0 480,160,615 487,249,283
Less Total Deductions 150,875,812 0 153,064,833 150,875,812
Total Taxable Value 336,373,471 0 327,095,782 336,373,471

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 375,486,273 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 336,373,471 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 375,486,273 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 336,373,471 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 390,276,273 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 400,136,273 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 345,477,242 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 375,486,273 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 336,373,471 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 375,486,273 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 336,373,471 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 390,276,273 T13 plus the loss to the chapter 313 agreement
T16 400,136,273 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 345,477,242 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 39,112,802 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 14,790,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 9,860,000 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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139-Lamar/Lamar County

074-907/Honey Grove ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 60,930 N/A 60,930 60,930
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 14,160 N/A 14,160 14,160
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 292,610 N/A 292,610 292,610
D2 - FARM & RANCH IMP 230,010 N/A 230,010 230,010
E - NON-AG LAND AND IMPROVEMENTS 3,523,880 N/A 3,523,880 3,523,880
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 4,638,310 N/A 4,638,310 4,638,310
L1 - COMMERCIAL PERSONAL 3,620 N/A 3,620 3,620
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 62,590 N/A 62,590 62,590
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 8,826,110 0 8,826,110 8,826,110
Less Total Deductions 1,415,257 0 1,415,257 1,415,257
Total Taxable Value 7,410,853 0 7,410,853 7,410,853

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 7,840,076 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 7,410,853 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 7,840,076 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 7,410,853 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 7,990,076 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 8,090,076 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 7,410,853 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 7,840,076 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 7,410,853 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 7,840,076 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 7,410,853 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 7,990,076 T13 plus the loss to the chapter 313 agreement
T16 8,090,076 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 7,410,853 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 429,223 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 150,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 100,000 Loss to Second Previous Homestead Increase

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


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074-907-02/Honey Grove ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 174,064,234 0.9809 177,452,411 174,064,234
B - MULTIFAMILY 1,562,170 N/A 1,562,170 1,562,170
C1 - VACANT LOTS 7,443,271 N/A 7,443,271 7,443,271
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,519,900 1.0181 14,261,337 14,519,900
D2 - FARM & RANCH IMP 10,477,458 N/A 10,477,458 10,477,458
E - NON-AG LAND AND IMPROVEMENTS 181,998,962 1.0519 173,015,886 181,998,962
F1 - COMMERCIAL REAL 31,567,048 0.9592 32,909,766 31,567,048
F2 - INDUSTRIAL REAL 4,579,810 N/A 4,579,810 4,579,810
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 48,661,950 1.0559 46,084,026 48,661,950
L1 - COMMERCIAL PERSONAL 5,447,420 N/A 5,447,420 5,447,420
L2 - INDUSTRIAL PERSONAL 12,145,330 N/A 12,145,330 12,145,330
M1 - MOBILE HOMES 3,520,770 N/A 3,520,770 3,520,770
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 87,070 N/A 87,070 87,070
Subtotal 496,075,393 488,986,725 496,075,393
Less Total Deductions 152,291,069 154,480,090 152,291,069
Total Taxable Value 343,784,324 334,506,635 343,784,324

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 383,326,349 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 343,784,324 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 383,326,349 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 343,784,324 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 398,266,349 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 408,226,349 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 352,888,095 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 383,326,349 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 343,784,324 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 383,326,349 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 343,784,324 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 398,266,349 T13 plus the loss to the chapter 313 agreement
T16 408,226,349 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 352,888,095 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 39,542,025 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 14,940,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 9,960,000 Loss to Second Previous Homestead Increase

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