taxes Property Tax Assistance

2024 ISD Summary Worksheet

Canton ISD (all splits)   Van Zandt County  

234-Van Zandt/Van Zandt County

234-902/Canton ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 786,334,969 N/A 786,334,969 786,334,969
B - MULTIFAMILY 26,029,365 N/A 26,029,365 26,029,365
C1 - VACANT LOTS 25,588,265 N/A 25,588,265 25,588,265
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,237,910 N/A 14,237,910 14,237,910
D2 - FARM & RANCH IMP 13,078,532 N/A 13,078,532 13,078,532
E - NON-AG LAND AND IMPROVEMENTS 640,219,057 N/A 640,219,057 640,219,057
F1 - COMMERCIAL REAL 231,235,609 N/A 231,235,609 231,235,609
F2 - INDUSTRIAL REAL 9,134,308 N/A 9,134,308 9,134,308
G - ALL MINERALS 16,230 N/A 16,230 16,230
J - ALL UTILITIES 53,869,970 N/A 53,869,970 53,869,970
L1 - COMMERCIAL PERSONAL 52,872,450 N/A 52,872,450 52,872,450
L2 - INDUSTRIAL PERSONAL 16,390,150 N/A 16,390,150 16,390,150
M1 - MOBILE HOMES 18,717,176 N/A 18,717,176 18,717,176
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 675,320 N/A 675,320 675,320
S - SPECIAL INVENTORY 6,965,007 N/A 6,965,007 6,965,007
Subtotal 1,895,364,318 0 1,895,364,318 1,895,364,318
Less Total Deductions 675,805,219 0 675,805,219 675,805,219
Total Taxable Value 1,219,559,099 0 1,219,559,099 1,219,559,099

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 1,406,758,245 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,219,559,099 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,406,758,245 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,219,559,099 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,464,433,245 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 1,502,883,245 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,323,383,217 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 1,406,758,245 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,219,559,099 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,406,758,245 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,219,559,099 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,464,433,245 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 1,502,883,245 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,323,383,217 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 187,199,146 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 57,675,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 38,450,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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234-902-02/Canton ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 786,334,969 N/A 786,334,969 786,334,969
B - MULTIFAMILY 26,029,365 N/A 26,029,365 26,029,365
C1 - VACANT LOTS 25,588,265 N/A 25,588,265 25,588,265
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,237,910 N/A 14,237,910 14,237,910
D2 - FARM & RANCH IMP 13,078,532 N/A 13,078,532 13,078,532
E - NON-AG LAND AND IMPROVEMENTS 640,219,057 N/A 640,219,057 640,219,057
F1 - COMMERCIAL REAL 231,235,609 N/A 231,235,609 231,235,609
F2 - INDUSTRIAL REAL 9,134,308 N/A 9,134,308 9,134,308
G - ALL MINERALS 16,230 N/A 16,230 16,230
J - ALL UTILITIES 53,869,970 N/A 53,869,970 53,869,970
L1 - COMMERCIAL PERSONAL 52,872,450 N/A 52,872,450 52,872,450
L2 - INDUSTRIAL PERSONAL 16,390,150 N/A 16,390,150 16,390,150
M1 - MOBILE HOMES 18,717,176 N/A 18,717,176 18,717,176
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 675,320 N/A 675,320 675,320
S - SPECIAL INVENTORY 6,965,007 N/A 6,965,007 6,965,007
Subtotal 1,895,364,318 1,895,364,318 1,895,364,318
Less Total Deductions 675,805,219 675,805,219 675,805,219
Total Taxable Value 1,219,559,099 1,219,559,099 1,219,559,099

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 1,406,758,245 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,219,559,099 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,406,758,245 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,219,559,099 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,464,433,245 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 1,502,883,245 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,323,383,217 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 1,406,758,245 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,219,559,099 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,406,758,245 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,219,559,099 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,464,433,245 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 1,502,883,245 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,323,383,217 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 187,199,146 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 57,675,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 38,450,000 Loss to the third most recent increase in the state-mandated homestead exemption

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