taxes Property Tax Assistance

2023 ISD Summary Worksheet

Martins Mill ISD (all splits)   Van Zandt County  

234-Van Zandt/Van Zandt County

234-905/Martins Mill ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 75,903,948 1.1010 68,940,916 75,903,948
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,910,499 N/A 2,910,499 2,910,499
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,793,390 1.2250 5,545,446 6,793,390
D2 - FARM & RANCH IMP 4,476,692 N/A 4,476,692 4,476,692
E - NON-AG LAND AND IMPROVEMENTS 184,808,173 0.9403 196,541,713 184,808,173
F1 - COMMERCIAL REAL 6,157,470 N/A 6,157,470 6,157,470
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 266,490 N/A 266,490 266,490
J - ALL UTILITIES 11,577,470 N/A 11,577,470 11,577,470
L1 - COMMERCIAL PERSONAL 1,311,220 N/A 1,311,220 1,311,220
L2 - INDUSTRIAL PERSONAL 234,530 N/A 234,530 234,530
M1 - MOBILE HOMES 5,227,863 N/A 5,227,863 5,227,863
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 299,667,745 0 303,190,309 299,667,745
Less Total Deductions 114,755,201 0 106,124,118 114,755,201
Total Taxable Value 184,912,544 0 197,066,191 184,912,544

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 215,659,727 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 184,912,544 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 215,659,727 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 184,912,544 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 225,994,727 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 232,884,727 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 208,346,483 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 215,659,727 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 184,912,544 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 215,659,727 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 184,912,544 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 225,994,727 T13 plus the loss to the chapter 313 agreement
T16 232,884,727 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 208,346,483 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 30,747,183 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 10,335,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,890,000 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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234-905-02/Martins Mill ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 75,903,948 1.1010 68,940,916 75,903,948
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,910,499 N/A 2,910,499 2,910,499
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,793,390 1.2250 5,545,446 6,793,390
D2 - FARM & RANCH IMP 4,476,692 N/A 4,476,692 4,476,692
E - NON-AG LAND AND IMPROVEMENTS 184,808,173 0.9403 196,541,713 184,808,173
F1 - COMMERCIAL REAL 6,157,470 N/A 6,157,470 6,157,470
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 266,490 N/A 266,490 266,490
J - ALL UTILITIES 11,577,470 N/A 11,577,470 11,577,470
L1 - COMMERCIAL PERSONAL 1,311,220 N/A 1,311,220 1,311,220
L2 - INDUSTRIAL PERSONAL 234,530 N/A 234,530 234,530
M1 - MOBILE HOMES 5,227,863 N/A 5,227,863 5,227,863
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 299,667,745 303,190,309 299,667,745
Less Total Deductions 114,755,201 106,124,118 114,755,201
Total Taxable Value 184,912,544 197,066,191 184,912,544

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 215,659,727 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 184,912,544 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 215,659,727 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 184,912,544 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 225,994,727 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 232,884,727 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 208,346,483 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 215,659,727 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 184,912,544 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 215,659,727 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 184,912,544 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 225,994,727 T13 plus the loss to the chapter 313 agreement
T16 232,884,727 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 208,346,483 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 30,747,183 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 10,335,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,890,000 Loss to Second Previous Homestead Increase

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