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2023 ISD Summary Worksheet
093-Grimes/Grimes County
093-903/Iola ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 261,424,180 | N/A | 261,424,180 | 261,424,180 |
| B - MULTIFAMILY | 582,700 | N/A | 582,700 | 582,700 |
| C1 - VACANT LOTS | 27,963,769 | N/A | 27,963,769 | 27,963,769 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,968,260 | N/A | 5,968,260 | 5,968,260 |
| D2 - FARM & RANCH IMP | 10,255,640 | N/A | 10,255,640 | 10,255,640 |
| E - NON-AG LAND AND IMPROVEMENTS | 235,790,733 | N/A | 235,790,733 | 235,790,733 |
| F1 - COMMERCIAL REAL | 6,059,633 | N/A | 6,059,633 | 6,059,633 |
| F2 - INDUSTRIAL REAL | 3,336,390 | N/A | 3,336,390 | 3,336,390 |
| G - ALL MINERALS | 70,786,862 | N/A | 70,786,862 | 70,786,862 |
| J - ALL UTILITIES | 258,667,671 | N/A | 258,667,671 | 258,667,671 |
| L1 - COMMERCIAL PERSONAL | 7,049,912 | N/A | 7,049,912 | 7,049,912 |
| L2 - INDUSTRIAL PERSONAL | 1,480,335 | N/A | 1,480,335 | 1,480,335 |
| M1 - MOBILE HOMES | 14,038,470 | N/A | 14,038,470 | 14,038,470 |
| 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 | 903,404,555 | 0 | 903,404,555 | 903,404,555 |
| Less Total Deductions | 334,913,648 | 0 | 334,913,648 | 334,913,648 |
| Total Taxable Value | 568,490,907 | 0 | 568,490,907 | 568,490,907 |
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 | 618,614,168 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 568,490,907 | 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 | 618,614,168 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 568,490,907 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 634,964,168 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 645,864,168 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 583,107,754 | 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 | 772,793,976 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 722,670,715 | 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 | 772,793,976 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 722,670,715 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 789,143,976 | T13 plus the loss to the chapter 313 agreement |
| T16 | 800,043,976 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 737,287,562 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 50,123,261 | 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 | 16,350,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 10,900,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED
093-903-02/Iola ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 261,424,180 | N/A | 261,424,180 | 261,424,180 |
| B - MULTIFAMILY | 582,700 | N/A | 582,700 | 582,700 |
| C1 - VACANT LOTS | 27,963,769 | N/A | 27,963,769 | 27,963,769 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,968,260 | N/A | 5,968,260 | 5,968,260 |
| D2 - FARM & RANCH IMP | 10,255,640 | N/A | 10,255,640 | 10,255,640 |
| E - NON-AG LAND AND IMPROVEMENTS | 235,790,733 | N/A | 235,790,733 | 235,790,733 |
| F1 - COMMERCIAL REAL | 6,059,633 | N/A | 6,059,633 | 6,059,633 |
| F2 - INDUSTRIAL REAL | 3,336,390 | N/A | 3,336,390 | 3,336,390 |
| G - ALL MINERALS | 70,786,862 | N/A | 70,786,862 | 70,786,862 |
| J - ALL UTILITIES | 258,667,671 | N/A | 258,667,671 | 258,667,671 |
| L1 - COMMERCIAL PERSONAL | 7,049,912 | N/A | 7,049,912 | 7,049,912 |
| L2 - INDUSTRIAL PERSONAL | 1,480,335 | N/A | 1,480,335 | 1,480,335 |
| M1 - MOBILE HOMES | 14,038,470 | N/A | 14,038,470 | 14,038,470 |
| 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 | 903,404,555 | 903,404,555 | 903,404,555 | |
| Less Total Deductions | 334,913,648 | 334,913,648 | 334,913,648 | |
| Total Taxable Value | 568,490,907 | 568,490,907 | 568,490,907 |
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 | 618,614,168 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 568,490,907 | 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 | 618,614,168 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 568,490,907 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 634,964,168 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 645,864,168 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 583,107,754 | 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 | 772,793,976 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 722,670,715 | 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 | 772,793,976 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 722,670,715 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 789,143,976 | T13 plus the loss to the chapter 313 agreement |
| T16 | 800,043,976 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 737,287,562 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 50,123,261 | 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 | 16,350,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 10,900,000 | Loss to Second Previous Homestead Increase |