taxes Property Tax Assistance

2023 ISD Summary Worksheet

Miller Grove ISD (all splits)   Hopkins County   Rains County  

112-Hopkins/Hopkins County

112-907/Miller Grove ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 27,989,350 0.8251 33,922,373 33,922,373
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 967,000 N/A 967,000 967,000
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,923,540 1.2804 3,845,334 3,845,334
D2 - FARM & RANCH IMP 1,189,290 N/A 1,189,290 1,189,290
E - NON-AG LAND AND IMPROVEMENTS 93,103,110 0.8026 116,001,881 116,001,881
F1 - COMMERCIAL REAL 2,658,820 N/A 2,658,820 2,658,820
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 6,317,178 N/A 6,317,178 6,317,178
L1 - COMMERCIAL PERSONAL 1,280,670 N/A 1,280,670 1,280,670
L2 - INDUSTRIAL PERSONAL 45,000 N/A 45,000 45,000
M1 - MOBILE HOMES 4,166,280 N/A 4,166,280 4,166,280
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 142,640,238 0 170,393,826 170,393,826
Less Total Deductions 57,517,520 0 65,924,718 65,924,718
Total Taxable Value 85,122,718 0 104,469,108 104,469,108

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 123,676,598 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 104,469,108 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 123,676,598 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 104,469,108 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 131,041,598 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 135,951,598 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 109,063,857 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 123,676,598 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 104,469,108 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 123,676,598 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 104,469,108 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 131,041,598 T13 plus the loss to the chapter 313 agreement
T16 135,951,598 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 109,063,857 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,207,490 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 7,365,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 4,910,000 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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190-Rains/Rains County

112-907/Miller Grove ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 2,424,780 N/A 2,424,780 2,424,780
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 185,098 N/A 185,098 185,098
D2 - FARM & RANCH IMP 91,217 N/A 91,217 91,217
E - NON-AG LAND AND IMPROVEMENTS 4,359,525 N/A 4,359,525 4,359,525
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 304,480 N/A 304,480 304,480
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 0 N/A 0 0
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 7,365,100 0 7,365,100 7,365,100
Less Total Deductions 1,971,325 0 1,971,325 1,971,325
Total Taxable Value 5,393,775 0 5,393,775 5,393,775

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 6,101,595 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 5,393,775 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 6,101,595 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 5,393,775 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 6,416,595 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 6,626,595 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 5,530,481 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 6,101,595 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 5,393,775 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 6,101,595 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 5,393,775 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 6,416,595 T13 plus the loss to the chapter 313 agreement
T16 6,626,595 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 5,530,481 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 707,820 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 315,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 210,000 Loss to Second Previous Homestead Increase

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


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112-907-02/Miller Grove ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 30,414,130 0.8368 36,347,153 36,347,153
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 967,000 N/A 967,000 967,000
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,108,638 1.2675 4,030,432 4,030,432
D2 - FARM & RANCH IMP 1,280,507 N/A 1,280,507 1,280,507
E - NON-AG LAND AND IMPROVEMENTS 97,462,635 0.8097 120,361,406 120,361,406
F1 - COMMERCIAL REAL 2,658,820 N/A 2,658,820 2,658,820
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 6,621,658 N/A 6,621,658 6,621,658
L1 - COMMERCIAL PERSONAL 1,280,670 N/A 1,280,670 1,280,670
L2 - INDUSTRIAL PERSONAL 45,000 N/A 45,000 45,000
M1 - MOBILE HOMES 4,166,280 N/A 4,166,280 4,166,280
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 150,005,338 177,758,926 177,758,926
Less Total Deductions 59,488,845 67,896,043 67,896,043
Total Taxable Value 90,516,493 109,862,883 109,862,883

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 129,778,193 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 109,862,883 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 129,778,193 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 109,862,883 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 137,458,193 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 142,578,193 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 114,594,338 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 129,778,193 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 109,862,883 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 129,778,193 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 109,862,883 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 137,458,193 T13 plus the loss to the chapter 313 agreement
T16 142,578,193 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 114,594,338 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,915,310 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 7,680,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 5,120,000 Loss to Second Previous Homestead Increase

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