taxes Property Tax Assistance

2023 ISD Summary Worksheet

Newton ISD (all splits)   Newton County  

176-Newton/Newton County

176-902/Newton ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 130,931,042 N/A 130,931,042 130,931,042
B - MULTIFAMILY 1,461,525 N/A 1,461,525 1,461,525
C1 - VACANT LOTS 11,946,810 N/A 11,946,810 11,946,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 56,600,994 N/A 56,600,994 56,600,994
D2 - FARM & RANCH IMP 819,223 N/A 819,223 819,223
E - NON-AG LAND AND IMPROVEMENTS 164,474,482 N/A 164,474,482 164,474,482
F1 - COMMERCIAL REAL 16,684,104 N/A 16,684,104 16,684,104
F2 - INDUSTRIAL REAL 2,428,301 N/A 2,428,301 2,428,301
G - ALL MINERALS 53,566,353 N/A 53,566,353 53,566,353
J - ALL UTILITIES 26,702,800 N/A 26,702,800 26,702,800
L1 - COMMERCIAL PERSONAL 4,688,344 N/A 4,688,344 4,688,344
L2 - INDUSTRIAL PERSONAL 6,305,140 N/A 6,305,140 6,305,140
M1 - MOBILE HOMES 23,752,633 N/A 23,752,633 23,752,633
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 7,623 N/A 7,623 7,623
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 500,369,374 0 500,369,374 500,369,374
Less Total Deductions 163,403,560 0 163,403,560 163,403,560
Total Taxable Value 336,965,814 0 336,965,814 336,965,814

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 384,544,944 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 336,965,814 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 374,747,638 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 327,168,508 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 413,134,944 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 432,194,944 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 340,503,022 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 384,544,944 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 336,965,814 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 374,747,638 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 327,168,508 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 413,134,944 T13 plus the loss to the chapter 313 agreement
T16 432,194,944 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 340,503,022 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 47,579,130 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 9,797,306 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 28,590,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 19,060,000 Loss to Second Previous Homestead Increase

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


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176-902-02/Newton ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 130,931,042 N/A 130,931,042 130,931,042
B - MULTIFAMILY 1,461,525 N/A 1,461,525 1,461,525
C1 - VACANT LOTS 11,946,810 N/A 11,946,810 11,946,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 56,600,994 N/A 56,600,994 56,600,994
D2 - FARM & RANCH IMP 819,223 N/A 819,223 819,223
E - NON-AG LAND AND IMPROVEMENTS 164,474,482 N/A 164,474,482 164,474,482
F1 - COMMERCIAL REAL 16,684,104 N/A 16,684,104 16,684,104
F2 - INDUSTRIAL REAL 2,428,301 N/A 2,428,301 2,428,301
G - ALL MINERALS 53,566,353 N/A 53,566,353 53,566,353
J - ALL UTILITIES 26,702,800 N/A 26,702,800 26,702,800
L1 - COMMERCIAL PERSONAL 4,688,344 N/A 4,688,344 4,688,344
L2 - INDUSTRIAL PERSONAL 6,305,140 N/A 6,305,140 6,305,140
M1 - MOBILE HOMES 23,752,633 N/A 23,752,633 23,752,633
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 7,623 N/A 7,623 7,623
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 500,369,374 500,369,374 500,369,374
Less Total Deductions 163,403,560 163,403,560 163,403,560
Total Taxable Value 336,965,814 336,965,814 336,965,814

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 384,544,944 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 336,965,814 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 374,747,638 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 327,168,508 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 413,134,944 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 432,194,944 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 340,503,022 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 384,544,944 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 336,965,814 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 374,747,638 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 327,168,508 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 413,134,944 T13 plus the loss to the chapter 313 agreement
T16 432,194,944 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 340,503,022 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 47,579,130 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 9,797,306 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 28,590,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 19,060,000 Loss to Second Previous Homestead Increase

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