taxes Property Tax Assistance

2023 ISD Summary Worksheet

039-Clay/Clay County

039-903/Petrolia CISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 115,771,120 N/A 115,771,120 115,771,120
B - MULTIFAMILY 300,560 N/A 300,560 300,560
C1 - VACANT LOTS 2,057,240 N/A 2,057,240 2,057,240
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,592,260 N/A 13,592,260 13,592,260
D2 - FARM & RANCH IMP 3,988,690 N/A 3,988,690 3,988,690
E - NON-AG LAND AND IMPROVEMENTS 55,349,330 N/A 55,349,330 55,349,330
F1 - COMMERCIAL REAL 5,498,620 N/A 5,498,620 5,498,620
F2 - INDUSTRIAL REAL 27,410 N/A 27,410 27,410
G - ALL MINERALS 1,544,630 N/A 1,544,630 1,544,630
J - ALL UTILITIES 41,565,630 N/A 41,565,630 41,565,630
L1 - COMMERCIAL PERSONAL 3,239,980 N/A 3,239,980 3,239,980
L2 - INDUSTRIAL PERSONAL 326,780 N/A 326,780 326,780
M1 - MOBILE HOMES 3,423,480 N/A 3,423,480 3,423,480
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 28,810 N/A 28,810 28,810
Subtotal 246,714,540 0 246,714,540 246,714,540
Less Total Deductions 93,822,542 0 93,822,542 93,822,542
Total Taxable Value 152,891,998 0 152,891,998 152,891,998

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 182,986,788 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 152,891,998 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 182,986,788 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 152,891,998 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 194,866,788 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 202,786,788 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 162,672,486 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 182,986,788 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 152,891,998 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 182,986,788 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 152,891,998 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 194,866,788 T13 plus the loss to the chapter 313 agreement
T16 202,786,788 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 162,672,486 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 30,094,790 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 11,880,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 7,920,000 Loss to Second Previous Homestead Increase

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

039-903-02/Petrolia CISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 115,771,120 N/A 115,771,120 115,771,120
B - MULTIFAMILY 300,560 N/A 300,560 300,560
C1 - VACANT LOTS 2,057,240 N/A 2,057,240 2,057,240
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,592,260 N/A 13,592,260 13,592,260
D2 - FARM & RANCH IMP 3,988,690 N/A 3,988,690 3,988,690
E - NON-AG LAND AND IMPROVEMENTS 55,349,330 N/A 55,349,330 55,349,330
F1 - COMMERCIAL REAL 5,498,620 N/A 5,498,620 5,498,620
F2 - INDUSTRIAL REAL 27,410 N/A 27,410 27,410
G - ALL MINERALS 1,544,630 N/A 1,544,630 1,544,630
J - ALL UTILITIES 41,565,630 N/A 41,565,630 41,565,630
L1 - COMMERCIAL PERSONAL 3,239,980 N/A 3,239,980 3,239,980
L2 - INDUSTRIAL PERSONAL 326,780 N/A 326,780 326,780
M1 - MOBILE HOMES 3,423,480 N/A 3,423,480 3,423,480
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 28,810 N/A 28,810 28,810
Subtotal 246,714,540 246,714,540 246,714,540
Less Total Deductions 93,822,542 93,822,542 93,822,542
Total Taxable Value 152,891,998 152,891,998 152,891,998

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 182,986,788 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 152,891,998 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 182,986,788 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 152,891,998 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 194,866,788 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 202,786,788 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 162,672,486 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 182,986,788 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 152,891,998 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 182,986,788 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 152,891,998 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 194,866,788 T13 plus the loss to the chapter 313 agreement
T16 202,786,788 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 162,672,486 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 30,094,790 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 11,880,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 7,920,000 Loss to Second Previous Homestead Increase