183-Panola/Panola County
183-904/Gary ISD
| Category |
Local Tax Roll Value |
2023 WTD Mean Ratio |
2023 PTAD Value Estimate |
2023 Value Assigned |
| A - SINGLE-FAMILY |
74,348,950 |
0.6695 |
111,051,456 |
111,051,456 |
| B - MULTIFAMILY |
0 |
N/A |
0 |
0 |
| C1 - VACANT LOTS |
6,701,070 |
N/A |
6,701,070 |
6,701,070 |
| C2 - COLONIA LOTS |
0 |
N/A |
0 |
0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND |
5,697,011 |
1.2165 |
4,683,116 |
4,683,116 |
| D2 - FARM & RANCH IMP |
3,255,250 |
N/A |
3,255,250 |
3,255,250 |
| E - NON-AG LAND AND IMPROVEMENTS |
19,344,120 |
0.8063 |
23,991,219 |
23,991,219 |
| F1 - COMMERCIAL REAL |
2,065,230 |
N/A |
2,065,230 |
2,065,230 |
| F2 - INDUSTRIAL REAL |
22,630 |
N/A |
22,630 |
22,630 |
| G - ALL MINERALS |
80,726,190 |
1.0005 |
80,685,847 |
80,685,847 |
| J - ALL UTILITIES |
25,984,790 |
0.9694 |
26,805,024 |
26,805,024 |
| L1 - COMMERCIAL PERSONAL |
1,157,190 |
N/A |
1,157,190 |
1,157,190 |
| L2 - INDUSTRIAL PERSONAL |
6,848,880 |
N/A |
6,848,880 |
6,848,880 |
| M1 - MOBILE HOMES |
5,765,880 |
N/A |
5,765,880 |
5,765,880 |
| 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 |
231,917,191 |
0 |
273,032,792 |
273,032,792 |
| Less Total Deductions |
53,658,195 |
0 |
64,646,295 |
64,646,295 |
| Total Taxable Value |
178,258,996 |
0 |
208,386,497 |
208,386,497 |
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 |
226,835,437 |
School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 |
208,386,497 |
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 |
222,412,057 |
T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 |
203,963,117 |
T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 |
236,180,437 |
T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 |
242,410,437 |
T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 |
213,732,651 |
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 |
226,835,437 |
School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 |
208,386,497 |
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 |
222,412,057 |
T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 |
203,963,117 |
T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 |
236,180,437 |
T13 plus the loss to the chapter 313 agreement |
| T16 |
242,410,437 |
T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 |
213,732,651 |
T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|
| LOSS_INCR_HMSTD |
18,448,940 |
Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD |
4,423,380 |
50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD |
9,345,000 |
Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD |
6,230,000 |
Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE THE VALUES FOR YOUR SCHOOL DISTRICT ARE BELOW THE 90% CUTOFF AND YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE
183-904-02/Gary ISD
| Category |
Local Tax Roll Value |
2023 WTD Mean Ratio |
2023 PTAD Value Estimate |
2023 Value Assigned |
| A - SINGLE-FAMILY |
74,348,950 |
0.6695 |
111,051,456 |
111,051,456 |
| B - MULTIFAMILY |
0 |
N/A |
0 |
0 |
| C1 - VACANT LOTS |
6,701,070 |
N/A |
6,701,070 |
6,701,070 |
| C2 - COLONIA LOTS |
0 |
N/A |
0 |
0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND |
5,697,011 |
1.2165 |
4,683,116 |
4,683,116 |
| D2 - FARM & RANCH IMP |
3,255,250 |
N/A |
3,255,250 |
3,255,250 |
| E - NON-AG LAND AND IMPROVEMENTS |
19,344,120 |
0.8063 |
23,991,219 |
23,991,219 |
| F1 - COMMERCIAL REAL |
2,065,230 |
N/A |
2,065,230 |
2,065,230 |
| F2 - INDUSTRIAL REAL |
22,630 |
N/A |
22,630 |
22,630 |
| G - ALL MINERALS |
80,726,190 |
1.0005 |
80,685,847 |
80,685,847 |
| J - ALL UTILITIES |
25,984,790 |
0.9694 |
26,805,024 |
26,805,024 |
| L1 - COMMERCIAL PERSONAL |
1,157,190 |
N/A |
1,157,190 |
1,157,190 |
| L2 - INDUSTRIAL PERSONAL |
6,848,880 |
N/A |
6,848,880 |
6,848,880 |
| M1 - MOBILE HOMES |
5,765,880 |
N/A |
5,765,880 |
5,765,880 |
| 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 |
231,917,191 |
|
273,032,792 |
273,032,792 |
| Less Total Deductions |
53,658,195 |
|
64,646,295 |
64,646,295 |
| Total Taxable Value |
178,258,996 |
|
208,386,497 |
208,386,497 |
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 |
226,835,437 |
School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 |
208,386,497 |
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 |
222,412,057 |
T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 |
203,963,117 |
T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 |
236,180,437 |
T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 |
242,410,437 |
T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 |
213,732,651 |
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 |
226,835,437 |
School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 |
208,386,497 |
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 |
222,412,057 |
T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 |
203,963,117 |
T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 |
236,180,437 |
T13 plus the loss to the chapter 313 agreement |
| T16 |
242,410,437 |
T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 |
213,732,651 |
T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|
| LOSS_INCR_HMSTD |
18,448,940 |
Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD |
4,423,380 |
50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD |
9,345,000 |
Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD |
6,230,000 |
Loss to Second Previous Homestead Increase |
