taxes Property Tax Assistance

2024 ISD Summary Worksheet

Nazareth ISD (all splits)   Castro County  

035-Castro/Castro County

035-903/Nazareth ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 37,051,160 N/A 37,051,160 37,051,160
B - MULTIFAMILY 918,210 N/A 918,210 918,210
C1 - VACANT LOTS 189,450 N/A 189,450 189,450
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,913,322 N/A 13,913,322 13,913,322
D2 - FARM & RANCH IMP 1,427,080 N/A 1,427,080 1,427,080
E - NON-AG LAND AND IMPROVEMENTS 14,467,440 N/A 14,467,440 14,467,440
F1 - COMMERCIAL REAL 1,475,350 N/A 1,475,350 1,475,350
F2 - INDUSTRIAL REAL 876,360 N/A 876,360 876,360
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 36,694,190 N/A 36,694,190 36,694,190
L1 - COMMERCIAL PERSONAL 2,056,260 N/A 2,056,260 2,056,260
L2 - INDUSTRIAL PERSONAL 41,110 N/A 41,110 41,110
M1 - MOBILE HOMES 534,520 N/A 534,520 534,520
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 4,300 N/A 4,300 4,300
Subtotal 109,648,752 0 109,648,752 109,648,752
Less Total Deductions 22,584,667 0 22,584,667 22,584,667
Total Taxable Value 87,064,085 0 87,064,085 87,064,085

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 96,249,025 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,064,085 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 96,249,025 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,064,085 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 99,189,025 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 101,149,025 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 89,385,936 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 96,249,025 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,064,085 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 96,249,025 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,064,085 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 99,189,025 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 101,149,025 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 89,385,936 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 9,184,940 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 2,940,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,960,000 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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035-903-02/Nazareth ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 37,051,160 N/A 37,051,160 37,051,160
B - MULTIFAMILY 918,210 N/A 918,210 918,210
C1 - VACANT LOTS 189,450 N/A 189,450 189,450
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,913,322 N/A 13,913,322 13,913,322
D2 - FARM & RANCH IMP 1,427,080 N/A 1,427,080 1,427,080
E - NON-AG LAND AND IMPROVEMENTS 14,467,440 N/A 14,467,440 14,467,440
F1 - COMMERCIAL REAL 1,475,350 N/A 1,475,350 1,475,350
F2 - INDUSTRIAL REAL 876,360 N/A 876,360 876,360
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 36,694,190 N/A 36,694,190 36,694,190
L1 - COMMERCIAL PERSONAL 2,056,260 N/A 2,056,260 2,056,260
L2 - INDUSTRIAL PERSONAL 41,110 N/A 41,110 41,110
M1 - MOBILE HOMES 534,520 N/A 534,520 534,520
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 4,300 N/A 4,300 4,300
Subtotal 109,648,752 109,648,752 109,648,752
Less Total Deductions 22,584,667 22,584,667 22,584,667
Total Taxable Value 87,064,085 87,064,085 87,064,085

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 96,249,025 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,064,085 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 96,249,025 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,064,085 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 99,189,025 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 101,149,025 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 89,385,936 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 96,249,025 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,064,085 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 96,249,025 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,064,085 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 99,189,025 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 101,149,025 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 89,385,936 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 9,184,940 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 2,940,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,960,000 Loss to the third most recent increase in the state-mandated homestead exemption

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