taxes Property Tax Assistance

2023 ISD Summary Worksheet

Meadow ISD (all splits)   Terry County  

223-Terry/Terry County

223-902/Meadow ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 11,797,948 0.7766 15,191,795 15,191,795
B - MULTIFAMILY 41,646 N/A 41,646 41,646
C1 - VACANT LOTS 49,705 N/A 49,705 49,705
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,093,486 1.1173 9,033,758 9,033,758
D2 - FARM & RANCH IMP 2,045,120 N/A 2,045,120 2,045,120
E - NON-AG LAND AND IMPROVEMENTS 12,385,658 0.7608 16,279,782 16,279,782
F1 - COMMERCIAL REAL 846,577 N/A 846,577 846,577
F2 - INDUSTRIAL REAL 1,154,943 N/A 1,154,943 1,154,943
G - ALL MINERALS 13,788,952 1.0071 13,691,741 13,691,741
J - ALL UTILITIES 14,681,522 0.9941 14,768,657 14,768,657
L1 - COMMERCIAL PERSONAL 127,300 N/A 127,300 127,300
L2 - INDUSTRIAL PERSONAL 2,820,012 N/A 2,820,012 2,820,012
M1 - MOBILE HOMES 397,276 N/A 397,276 397,276
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 70,230,145 0 76,448,312 76,448,312
Less Total Deductions 12,582,461 0 14,398,910 14,398,910
Total Taxable Value 57,647,684 0 62,049,402 62,049,402

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 65,815,193 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 62,049,402 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 65,815,193 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 62,049,402 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 68,395,193 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 70,115,193 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 62,269,149 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 65,815,193 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 62,049,402 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 65,815,193 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 62,049,402 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 68,395,193 T13 plus the loss to the chapter 313 agreement
T16 70,115,193 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 62,269,149 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,765,791 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 2,580,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 1,720,000 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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223-902-02/Meadow ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 11,797,948 0.7766 15,191,795 15,191,795
B - MULTIFAMILY 41,646 N/A 41,646 41,646
C1 - VACANT LOTS 49,705 N/A 49,705 49,705
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,093,486 1.1173 9,033,758 9,033,758
D2 - FARM & RANCH IMP 2,045,120 N/A 2,045,120 2,045,120
E - NON-AG LAND AND IMPROVEMENTS 12,385,658 0.7608 16,279,782 16,279,782
F1 - COMMERCIAL REAL 846,577 N/A 846,577 846,577
F2 - INDUSTRIAL REAL 1,154,943 N/A 1,154,943 1,154,943
G - ALL MINERALS 13,788,952 1.0071 13,691,741 13,691,741
J - ALL UTILITIES 14,681,522 0.9941 14,768,657 14,768,657
L1 - COMMERCIAL PERSONAL 127,300 N/A 127,300 127,300
L2 - INDUSTRIAL PERSONAL 2,820,012 N/A 2,820,012 2,820,012
M1 - MOBILE HOMES 397,276 N/A 397,276 397,276
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 70,230,145 76,448,312 76,448,312
Less Total Deductions 12,582,461 14,398,910 14,398,910
Total Taxable Value 57,647,684 62,049,402 62,049,402

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 65,815,193 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 62,049,402 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 65,815,193 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 62,049,402 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 68,395,193 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 70,115,193 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 62,269,149 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 65,815,193 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 62,049,402 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 65,815,193 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 62,049,402 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 68,395,193 T13 plus the loss to the chapter 313 agreement
T16 70,115,193 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 62,269,149 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,765,791 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 2,580,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 1,720,000 Loss to Second Previous Homestead Increase

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