taxes Property Tax Assistance

2023 ISD Summary Worksheet

Menard ISD (all splits)   Menard County  

164-Menard/Menard County

164-901/Menard ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 47,026,620 0.9376 50,156,378 50,156,378
B - MULTIFAMILY 521,400 N/A 521,400 521,400
C1 - VACANT LOTS 1,380,460 N/A 1,380,460 1,380,460
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 31,291,390 1.0102 30,974,616 30,974,616
D2 - FARM & RANCH IMP 9,546,220 N/A 9,546,220 9,546,220
E - NON-AG LAND AND IMPROVEMENTS 106,872,660 0.8792 121,556,711 121,556,711
F1 - COMMERCIAL REAL 10,330,970 N/A 10,330,970 10,330,970
F2 - INDUSTRIAL REAL 4,731,430 N/A 4,731,430 4,731,430
G - ALL MINERALS 8,239,660 N/A 8,239,660 8,239,660
J - ALL UTILITIES 71,305,460 0.9941 71,728,659 71,728,659
L1 - COMMERCIAL PERSONAL 4,506,890 N/A 4,506,890 4,506,890
L2 - INDUSTRIAL PERSONAL 1,425,040 N/A 1,425,040 1,425,040
M1 - MOBILE HOMES 1,785,260 N/A 1,785,260 1,785,260
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 298,963,460 0 316,883,694 316,883,694
Less Total Deductions 47,483,148 0 48,785,868 48,785,868
Total Taxable Value 251,480,312 0 268,097,826 268,097,826

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 282,145,853 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 268,097,826 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 282,145,853 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 268,097,826 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 290,890,853 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 296,720,853 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 271,135,604 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 282,145,853 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 268,097,826 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 282,145,853 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 268,097,826 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 290,890,853 T13 plus the loss to the chapter 313 agreement
T16 296,720,853 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 271,135,604 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 14,048,027 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 8,745,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 5,830,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE


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164-901-02/Menard ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 47,026,620 0.9376 50,156,378 50,156,378
B - MULTIFAMILY 521,400 N/A 521,400 521,400
C1 - VACANT LOTS 1,380,460 N/A 1,380,460 1,380,460
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 31,291,390 1.0102 30,974,616 30,974,616
D2 - FARM & RANCH IMP 9,546,220 N/A 9,546,220 9,546,220
E - NON-AG LAND AND IMPROVEMENTS 106,872,660 0.8792 121,556,711 121,556,711
F1 - COMMERCIAL REAL 10,330,970 N/A 10,330,970 10,330,970
F2 - INDUSTRIAL REAL 4,731,430 N/A 4,731,430 4,731,430
G - ALL MINERALS 8,239,660 N/A 8,239,660 8,239,660
J - ALL UTILITIES 71,305,460 0.9941 71,728,659 71,728,659
L1 - COMMERCIAL PERSONAL 4,506,890 N/A 4,506,890 4,506,890
L2 - INDUSTRIAL PERSONAL 1,425,040 N/A 1,425,040 1,425,040
M1 - MOBILE HOMES 1,785,260 N/A 1,785,260 1,785,260
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 298,963,460 316,883,694 316,883,694
Less Total Deductions 47,483,148 48,785,868 48,785,868
Total Taxable Value 251,480,312 268,097,826 268,097,826

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 282,145,853 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 268,097,826 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 282,145,853 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 268,097,826 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 290,890,853 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 296,720,853 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 271,135,604 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 282,145,853 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 268,097,826 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 282,145,853 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 268,097,826 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 290,890,853 T13 plus the loss to the chapter 313 agreement
T16 296,720,853 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 271,135,604 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 14,048,027 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 8,745,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 5,830,000 Loss to Second Previous Homestead Increase

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