taxes Property Tax Assistance

2024 ISD Summary Worksheet

Timpson ISD (all splits)   Shelby County  

210-Shelby/Shelby County

210-905/Timpson ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 60,421,430 0.8462 71,403,250 71,403,250
B - MULTIFAMILY 742,320 N/A 742,320 742,320
C1 - VACANT LOTS 1,732,635 N/A 1,732,635 1,732,635
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,259,192 1.3868 11,003,022 11,003,022
D2 - FARM & RANCH IMP 19,836,762 0.7457 26,601,531 26,601,531
E - NON-AG LAND AND IMPROVEMENTS 96,185,330 0.8775 109,612,912 109,612,912
F1 - COMMERCIAL REAL 10,759,792 N/A 10,759,792 10,759,792
F2 - INDUSTRIAL REAL 6,932,790 N/A 6,932,790 6,932,790
G - ALL MINERALS 3,338,002 N/A 3,338,002 3,338,002
J - ALL UTILITIES 26,336,750 0.9530 27,635,624 27,635,624
L1 - COMMERCIAL PERSONAL 3,441,285 N/A 3,441,285 3,441,285
L2 - INDUSTRIAL PERSONAL 20,619,610 N/A 20,619,610 20,619,610
M1 - MOBILE HOMES 12,005,260 N/A 12,005,260 12,005,260
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 277,611,158 0 305,828,033 305,828,033
Less Total Deductions 99,794,773 0 110,334,827 110,334,827
Total Taxable Value 177,816,385 0 195,493,206 195,493,206

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 220,419,275 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 195,493,206 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 214,235,152 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 189,309,083 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 237,069,275 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 248,169,275 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 202,786,622 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 220,419,275 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 195,493,206 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 214,235,152 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 189,309,083 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 237,069,275 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 248,169,275 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 202,786,622 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 24,926,069 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 6,184,123 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 16,650,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 11,100,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT WAS NOT VALID IN THE LAST TWO STUDIES.


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210-905-02/Timpson ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 60,421,430 0.8462 71,403,250 71,403,250
B - MULTIFAMILY 742,320 N/A 742,320 742,320
C1 - VACANT LOTS 1,732,635 N/A 1,732,635 1,732,635
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,259,192 1.3868 11,003,022 11,003,022
D2 - FARM & RANCH IMP 19,836,762 0.7457 26,601,531 26,601,531
E - NON-AG LAND AND IMPROVEMENTS 96,185,330 0.8775 109,612,912 109,612,912
F1 - COMMERCIAL REAL 10,759,792 N/A 10,759,792 10,759,792
F2 - INDUSTRIAL REAL 6,932,790 N/A 6,932,790 6,932,790
G - ALL MINERALS 3,338,002 N/A 3,338,002 3,338,002
J - ALL UTILITIES 26,336,750 0.9530 27,635,624 27,635,624
L1 - COMMERCIAL PERSONAL 3,441,285 N/A 3,441,285 3,441,285
L2 - INDUSTRIAL PERSONAL 20,619,610 N/A 20,619,610 20,619,610
M1 - MOBILE HOMES 12,005,260 N/A 12,005,260 12,005,260
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 277,611,158 305,828,033 305,828,033
Less Total Deductions 99,794,773 110,334,827 110,334,827
Total Taxable Value 177,816,385 195,493,206 195,493,206

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 220,419,275 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 195,493,206 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 214,235,152 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 189,309,083 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 237,069,275 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 248,169,275 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 202,786,622 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 220,419,275 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 195,493,206 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 214,235,152 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 189,309,083 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 237,069,275 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 248,169,275 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 202,786,622 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 24,926,069 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 6,184,123 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 16,650,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 11,100,000 Loss to the third most recent increase in the state-mandated homestead exemption

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