taxes Property Tax Assistance

2024 ISD Summary Worksheet

Gary ISD (all splits)   Panola County  

183-Panola/Panola County

183-904/Gary ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 120,611,840 0.9293 129,787,840 120,611,840
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 7,497,800 N/A 7,497,800 7,497,800
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,599,531 1.2298 4,553,041 5,599,531
D2 - FARM & RANCH IMP 5,362,030 N/A 5,362,030 5,362,030
E - NON-AG LAND AND IMPROVEMENTS 27,875,040 1.0230 27,248,328 27,875,040
F1 - COMMERCIAL REAL 2,804,200 N/A 2,804,200 2,804,200
F2 - INDUSTRIAL REAL 22,630 N/A 22,630 22,630
G - ALL MINERALS 36,606,160 0.9994 36,628,137 36,606,160
J - ALL UTILITIES 25,704,470 0.8622 29,812,654 25,704,470
L1 - COMMERCIAL PERSONAL 1,474,870 N/A 1,474,870 1,474,870
L2 - INDUSTRIAL PERSONAL 4,636,910 N/A 4,636,910 4,636,910
M1 - MOBILE HOMES 15,884,580 N/A 15,884,580 15,884,580
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 254,080,061 0 265,713,020 254,080,061
Less Total Deductions 108,213,332 0 112,851,539 108,213,332
Total Taxable Value 145,866,729 0 152,861,481 145,866,729

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 166,806,359 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 145,866,729 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 161,209,094 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 140,269,464 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,451,359 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 182,881,359 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 152,313,213 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 166,806,359 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 145,866,729 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 161,209,094 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 140,269,464 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,451,359 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 182,881,359 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 152,313,213 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 20,939,630 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 5,597,265 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 9,645,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 6,430,000 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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183-904-02/Gary ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 120,611,840 0.9293 129,787,840 120,611,840
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 7,497,800 N/A 7,497,800 7,497,800
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,599,531 1.2298 4,553,041 5,599,531
D2 - FARM & RANCH IMP 5,362,030 N/A 5,362,030 5,362,030
E - NON-AG LAND AND IMPROVEMENTS 27,875,040 1.0230 27,248,328 27,875,040
F1 - COMMERCIAL REAL 2,804,200 N/A 2,804,200 2,804,200
F2 - INDUSTRIAL REAL 22,630 N/A 22,630 22,630
G - ALL MINERALS 36,606,160 0.9994 36,628,137 36,606,160
J - ALL UTILITIES 25,704,470 0.8622 29,812,654 25,704,470
L1 - COMMERCIAL PERSONAL 1,474,870 N/A 1,474,870 1,474,870
L2 - INDUSTRIAL PERSONAL 4,636,910 N/A 4,636,910 4,636,910
M1 - MOBILE HOMES 15,884,580 N/A 15,884,580 15,884,580
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 254,080,061 265,713,020 254,080,061
Less Total Deductions 108,213,332 112,851,539 108,213,332
Total Taxable Value 145,866,729 152,861,481 145,866,729

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 166,806,359 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 145,866,729 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 161,209,094 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 140,269,464 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,451,359 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 182,881,359 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 152,313,213 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 166,806,359 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 145,866,729 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 161,209,094 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 140,269,464 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,451,359 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 182,881,359 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 152,313,213 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 20,939,630 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 5,597,265 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 9,645,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 6,430,000 Loss to the third most recent increase in the state-mandated homestead exemption

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