taxes Property Tax Assistance

2023 ISD Summary Worksheet

Kermit ISD (all splits)   Winkler County  

248-Winkler/Winkler County

248-901/Kermit ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 180,447,340 0.6275 287,565,482 287,565,482
B - MULTIFAMILY 2,195,140 N/A 2,195,140 2,195,140
C1 - VACANT LOTS 952,150 N/A 952,150 952,150
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 750,234 0.9662 776,471 776,471
D2 - FARM & RANCH IMP 292,230 N/A 292,230 292,230
E - NON-AG LAND AND IMPROVEMENTS 19,334,877 N/A 19,334,877 19,334,877
F1 - COMMERCIAL REAL 58,736,382 N/A 58,736,382 58,736,382
F2 - INDUSTRIAL REAL 175,763,940 N/A 175,763,940 175,763,940
G - ALL MINERALS 497,581,040 0.9975 498,828,110 498,828,110
J - ALL UTILITIES 508,081,020 0.9921 512,126,822 512,126,822
L1 - COMMERCIAL PERSONAL 25,944,370 N/A 25,944,370 25,944,370
L2 - INDUSTRIAL PERSONAL 201,853,290 N/A 201,853,290 201,853,290
M1 - MOBILE HOMES 9,913,550 N/A 9,913,550 9,913,550
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 1,681,845,563 0 1,794,282,814 1,794,282,814
Less Total Deductions 135,575,619 0 165,156,964 165,156,964
Total Taxable Value 1,546,269,944 0 1,629,125,850 1,629,125,850

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 1,667,984,025 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,629,125,850 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 1,662,597,549 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,623,739,374 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,688,909,025 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 1,702,859,025 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 1,630,110,281 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 1,667,984,025 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,629,125,850 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 1,662,597,549 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,623,739,374 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,688,909,025 T13 plus the loss to the chapter 313 agreement
T16 1,702,859,025 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 1,630,110,281 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 38,858,175 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 5,386,476 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 20,925,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 13,950,000 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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248-901-02/Kermit ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 180,447,340 0.6275 287,565,482 287,565,482
B - MULTIFAMILY 2,195,140 N/A 2,195,140 2,195,140
C1 - VACANT LOTS 952,150 N/A 952,150 952,150
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 750,234 0.9662 776,471 776,471
D2 - FARM & RANCH IMP 292,230 N/A 292,230 292,230
E - NON-AG LAND AND IMPROVEMENTS 19,334,877 N/A 19,334,877 19,334,877
F1 - COMMERCIAL REAL 58,736,382 N/A 58,736,382 58,736,382
F2 - INDUSTRIAL REAL 175,763,940 N/A 175,763,940 175,763,940
G - ALL MINERALS 497,581,040 0.9975 498,828,110 498,828,110
J - ALL UTILITIES 508,081,020 0.9921 512,126,822 512,126,822
L1 - COMMERCIAL PERSONAL 25,944,370 N/A 25,944,370 25,944,370
L2 - INDUSTRIAL PERSONAL 201,853,290 N/A 201,853,290 201,853,290
M1 - MOBILE HOMES 9,913,550 N/A 9,913,550 9,913,550
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 1,681,845,563 1,794,282,814 1,794,282,814
Less Total Deductions 135,575,619 165,156,964 165,156,964
Total Taxable Value 1,546,269,944 1,629,125,850 1,629,125,850

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 1,667,984,025 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,629,125,850 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 1,662,597,549 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,623,739,374 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,688,909,025 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 1,702,859,025 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 1,630,110,281 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 1,667,984,025 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,629,125,850 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 1,662,597,549 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,623,739,374 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,688,909,025 T13 plus the loss to the chapter 313 agreement
T16 1,702,859,025 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 1,630,110,281 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 38,858,175 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 5,386,476 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 20,925,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 13,950,000 Loss to Second Previous Homestead Increase

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