taxes Property Tax Assistance

2023 ISD Summary Worksheet

Farwell ISD (all splits)   Bailey County   Parmer County  

009-Bailey/Bailey County

185-902/Farwell ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 9,879 N/A 9,879 9,879
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,398,607 N/A 2,398,607 2,398,607
D2 - FARM & RANCH IMP 1,186,045 N/A 1,186,045 1,186,045
E - NON-AG LAND AND IMPROVEMENTS 4,919,332 N/A 4,919,332 4,919,332
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 126,853 N/A 126,853 126,853
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 693,410 N/A 693,410 693,410
L1 - COMMERCIAL PERSONAL 40,600 N/A 40,600 40,600
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 153,825 N/A 153,825 153,825
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 9,528,551 0 9,528,551 9,528,551
Less Total Deductions 1,528,070 0 1,528,070 1,528,070
Total Taxable Value 8,000,481 0 8,000,481 8,000,481

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 8,632,591 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 8,000,481 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 8,632,591 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 8,000,481 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 8,932,591 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 9,132,591 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 8,000,481 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 8,632,591 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 8,000,481 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 8,632,591 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 8,000,481 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 8,932,591 T13 plus the loss to the chapter 313 agreement
T16 9,132,591 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 8,000,481 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 632,110 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 300,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 200,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID BECAUSE THIS PORTION OF THE SCHOOL DISTRICT WAS TOO SMALL TO BE STUDIED, AND LOCAL VALUE WAS CERTIFIED


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185-Parmer/Parmer County

185-902/Farwell ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 57,144,554 1.0388 55,010,160 57,144,554
B - MULTIFAMILY 3,918,471 N/A 3,918,471 3,918,471
C1 - VACANT LOTS 888,501 N/A 888,501 888,501
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 18,557,749 0.9912 18,722,711 18,557,749
D2 - FARM & RANCH IMP 4,664,791 N/A 4,664,791 4,664,791
E - NON-AG LAND AND IMPROVEMENTS 55,136,286 0.9532 57,843,355 55,136,286
F1 - COMMERCIAL REAL 10,660,489 N/A 10,660,489 10,660,489
F2 - INDUSTRIAL REAL 56,264,492 N/A 56,264,492 56,264,492
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 60,614,086 0.9806 61,813,263 60,614,086
L1 - COMMERCIAL PERSONAL 6,560,997 N/A 6,560,997 6,560,997
L2 - INDUSTRIAL PERSONAL 15,703,428 N/A 15,703,428 15,703,428
M1 - MOBILE HOMES 144,084 N/A 144,084 144,084
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 16,138 N/A 16,138 16,138
Subtotal 290,274,066 0 292,210,880 290,274,066
Less Total Deductions 54,734,516 0 53,348,923 54,734,516
Total Taxable Value 235,539,550 0 238,861,957 235,539,550

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 251,005,779 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 235,539,550 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 251,005,779 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 235,539,550 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 257,590,779 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 261,980,779 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 237,629,999 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 251,005,779 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 235,539,550 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 251,005,779 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 235,539,550 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 257,590,779 T13 plus the loss to the chapter 313 agreement
T16 261,980,779 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 237,629,999 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 15,466,229 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 6,585,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 4,390,000 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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185-902-02/Farwell ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 57,154,433 1.0388 55,020,039 57,154,433
B - MULTIFAMILY 3,918,471 N/A 3,918,471 3,918,471
C1 - VACANT LOTS 888,501 N/A 888,501 888,501
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 20,956,356 0.9922 21,121,318 20,956,356
D2 - FARM & RANCH IMP 5,850,836 N/A 5,850,836 5,850,836
E - NON-AG LAND AND IMPROVEMENTS 60,055,618 0.9569 62,762,687 60,055,618
F1 - COMMERCIAL REAL 10,660,489 N/A 10,660,489 10,660,489
F2 - INDUSTRIAL REAL 56,391,345 N/A 56,391,345 56,391,345
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 61,307,496 0.9808 62,506,673 61,307,496
L1 - COMMERCIAL PERSONAL 6,601,597 N/A 6,601,597 6,601,597
L2 - INDUSTRIAL PERSONAL 15,703,428 N/A 15,703,428 15,703,428
M1 - MOBILE HOMES 297,909 N/A 297,909 297,909
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 16,138 N/A 16,138 16,138
Subtotal 299,802,617 301,739,431 299,802,617
Less Total Deductions 56,262,586 54,876,993 56,262,586
Total Taxable Value 243,540,031 246,862,438 243,540,031

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 259,638,370 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 243,540,031 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 259,638,370 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 243,540,031 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 266,523,370 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 271,113,370 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 245,630,480 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 259,638,370 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 243,540,031 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 259,638,370 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 243,540,031 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 266,523,370 T13 plus the loss to the chapter 313 agreement
T16 271,113,370 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 245,630,480 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 16,098,339 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 6,885,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 4,590,000 Loss to Second Previous Homestead Increase

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