taxes Property Tax Assistance

2024 ISD Summary Worksheet

Sherman ISD (all splits)   Grayson County  

091-Grayson/Grayson County

091-906/Sherman ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 3,358,432,106 0.9962 3,371,242,829 3,358,432,106
B - MULTIFAMILY 535,812,924 1.0178 526,442,252 535,812,924
C1 - VACANT LOTS 136,077,735 N/A 136,077,735 136,077,735
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,303,711 1.0503 1,241,242 1,303,711
D2 - FARM & RANCH IMP 3,970,997 N/A 3,970,997 3,970,997
E - NON-AG LAND AND IMPROVEMENTS 291,997,545 N/A 291,997,545 291,997,545
F1 - COMMERCIAL REAL 1,250,302,650 1.0058 1,243,092,712 1,250,302,650
F2 - INDUSTRIAL REAL 2,759,655,744 N/A 2,759,655,744 2,759,655,744
G - ALL MINERALS 36,918,223 N/A 36,918,223 36,918,223
J - ALL UTILITIES 153,150,031 N/A 153,150,031 153,150,031
L1 - COMMERCIAL PERSONAL 390,164,673 1.0284 379,389,997 390,164,673
L2 - INDUSTRIAL PERSONAL 510,949,981 N/A 510,949,981 510,949,981
M1 - MOBILE HOMES 17,636,187 N/A 17,636,187 17,636,187
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 48,516,726 N/A 48,516,726 48,516,726
S - SPECIAL INVENTORY 31,140,984 N/A 31,140,984 31,140,984
Subtotal 9,526,030,217 0 9,511,423,185 9,526,030,217
Less Total Deductions 1,881,567,581 0 1,886,394,417 1,881,567,581
Total Taxable Value 7,644,462,636 0 7,625,028,768 7,644,462,636

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's office 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 school 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 8,095,325,445 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 7,644,462,636 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 8,095,325,445 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 7,644,462,636 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 8,231,825,445 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 8,322,825,445 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 7,890,583,443 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 8,095,325,445 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 7,644,462,636 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 8,095,325,445 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 7,644,462,636 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 8,231,825,445 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 8,322,825,445 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 7,890,583,443 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 450,862,809 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 136,500,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 91,000,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED.


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091-906-02/Sherman ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 3,358,432,106 0.9962 3,371,242,829 3,358,432,106
B - MULTIFAMILY 535,812,924 1.0178 526,442,252 535,812,924
C1 - VACANT LOTS 136,077,735 N/A 136,077,735 136,077,735
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,303,711 1.0503 1,241,242 1,303,711
D2 - FARM & RANCH IMP 3,970,997 N/A 3,970,997 3,970,997
E - NON-AG LAND AND IMPROVEMENTS 291,997,545 N/A 291,997,545 291,997,545
F1 - COMMERCIAL REAL 1,250,302,650 1.0058 1,243,092,712 1,250,302,650
F2 - INDUSTRIAL REAL 2,759,655,744 N/A 2,759,655,744 2,759,655,744
G - ALL MINERALS 36,918,223 N/A 36,918,223 36,918,223
J - ALL UTILITIES 153,150,031 N/A 153,150,031 153,150,031
L1 - COMMERCIAL PERSONAL 390,164,673 1.0284 379,389,997 390,164,673
L2 - INDUSTRIAL PERSONAL 510,949,981 N/A 510,949,981 510,949,981
M1 - MOBILE HOMES 17,636,187 N/A 17,636,187 17,636,187
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 48,516,726 N/A 48,516,726 48,516,726
S - SPECIAL INVENTORY 31,140,984 N/A 31,140,984 31,140,984
Subtotal 9,526,030,217 9,511,423,185 9,526,030,217
Less Total Deductions 1,881,567,581 1,886,394,417 1,881,567,581
Total Taxable Value 7,644,462,636 7,625,028,768 7,644,462,636

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's office 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 school 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 8,095,325,445 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 7,644,462,636 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 8,095,325,445 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 7,644,462,636 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 8,231,825,445 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 8,322,825,445 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 7,890,583,443 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 8,095,325,445 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 7,644,462,636 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 8,095,325,445 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 7,644,462,636 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 8,231,825,445 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 8,322,825,445 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 7,890,583,443 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 450,862,809 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 136,500,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 91,000,000 Loss to the third most recent increase in the state-mandated homestead exemption

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