taxes Property Tax Assistance

2023 ISD Summary Worksheet

Veribest ISD (all splits)   Tom Green County  

226-Tom Green/Tom Green County

226-908/Veribest ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 65,646,430 1.0133 64,784,792 65,646,430
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,986,472 N/A 2,986,472 2,986,472
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,932,390 1.0632 14,984,774 15,932,390
D2 - FARM & RANCH IMP 4,470,610 N/A 4,470,610 4,470,610
E - NON-AG LAND AND IMPROVEMENTS 62,648,704 0.9609 65,197,944 62,648,704
F1 - COMMERCIAL REAL 10,166,860 N/A 10,166,860 10,166,860
F2 - INDUSTRIAL REAL 12,609,620 N/A 12,609,620 12,609,620
G - ALL MINERALS 579,450 N/A 579,450 579,450
J - ALL UTILITIES 30,748,810 0.9941 30,931,305 30,748,810
L1 - COMMERCIAL PERSONAL 27,229,060 1.0114 26,922,148 27,229,060
L2 - INDUSTRIAL PERSONAL 27,784,210 N/A 27,784,210 27,784,210
M1 - MOBILE HOMES 590,510 N/A 590,510 590,510
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,241,980 N/A 3,241,980 3,241,980
Subtotal 264,635,106 0 265,250,675 264,635,106
Less Total Deductions 62,279,804 0 61,664,409 62,279,804
Total Taxable Value 202,355,302 0 203,586,266 202,355,302

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 220,518,932 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 202,355,302 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 220,518,932 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 202,355,302 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 225,468,932 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 228,768,932 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 203,890,265 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 220,518,932 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 202,355,302 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 220,518,932 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 202,355,302 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 225,468,932 T13 plus the loss to the chapter 313 agreement
T16 228,768,932 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 203,890,265 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 18,163,630 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 4,950,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 3,300,000 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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226-908-02/Veribest ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 65,646,430 1.0133 64,784,792 65,646,430
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,986,472 N/A 2,986,472 2,986,472
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,932,390 1.0632 14,984,774 15,932,390
D2 - FARM & RANCH IMP 4,470,610 N/A 4,470,610 4,470,610
E - NON-AG LAND AND IMPROVEMENTS 62,648,704 0.9609 65,197,944 62,648,704
F1 - COMMERCIAL REAL 10,166,860 N/A 10,166,860 10,166,860
F2 - INDUSTRIAL REAL 12,609,620 N/A 12,609,620 12,609,620
G - ALL MINERALS 579,450 N/A 579,450 579,450
J - ALL UTILITIES 30,748,810 0.9941 30,931,305 30,748,810
L1 - COMMERCIAL PERSONAL 27,229,060 1.0114 26,922,148 27,229,060
L2 - INDUSTRIAL PERSONAL 27,784,210 N/A 27,784,210 27,784,210
M1 - MOBILE HOMES 590,510 N/A 590,510 590,510
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,241,980 N/A 3,241,980 3,241,980
Subtotal 264,635,106 265,250,675 264,635,106
Less Total Deductions 62,279,804 61,664,409 62,279,804
Total Taxable Value 202,355,302 203,586,266 202,355,302

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 220,518,932 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 202,355,302 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 220,518,932 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 202,355,302 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 225,468,932 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 228,768,932 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 203,890,265 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 220,518,932 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 202,355,302 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 220,518,932 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 202,355,302 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 225,468,932 T13 plus the loss to the chapter 313 agreement
T16 228,768,932 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 203,890,265 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 18,163,630 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 4,950,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 3,300,000 Loss to Second Previous Homestead Increase

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