taxes Property Tax Assistance

2024 ISD Summary Worksheet

Petrolia CISD (all splits)   Clay County  

039-Clay/Clay County

039-903/Petrolia CISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 140,599,335 1.0056 139,816,363 140,599,335
B - MULTIFAMILY 546,060 N/A 546,060 546,060
C1 - VACANT LOTS 4,013,270 N/A 4,013,270 4,013,270
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,442,253 1.1809 10,536,407 12,442,253
D2 - FARM & RANCH IMP 8,444,170 N/A 8,444,170 8,444,170
E - NON-AG LAND AND IMPROVEMENTS 65,672,840 0.9452 69,480,364 65,672,840
F1 - COMMERCIAL REAL 5,560,890 N/A 5,560,890 5,560,890
F2 - INDUSTRIAL REAL 26,640 N/A 26,640 26,640
G - ALL MINERALS 2,874,760 N/A 2,874,760 2,874,760
J - ALL UTILITIES 40,949,190 0.9785 41,848,942 40,949,190
L1 - COMMERCIAL PERSONAL 2,702,010 N/A 2,702,010 2,702,010
L2 - INDUSTRIAL PERSONAL 664,740 N/A 664,740 664,740
M1 - MOBILE HOMES 5,670,190 N/A 5,670,190 5,670,190
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 40,930 N/A 40,930 40,930
Subtotal 290,207,278 0 292,225,736 290,207,278
Less Total Deductions 104,429,548 0 104,310,652 104,429,548
Total Taxable Value 185,777,730 0 187,915,084 185,777,730

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 219,173,930 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 185,777,730 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 219,173,930 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 185,777,730 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 231,353,930 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 239,473,930 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 182,639,675 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 219,173,930 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 185,777,730 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 219,173,930 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 185,777,730 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 231,353,930 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 239,473,930 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 182,639,675 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 33,396,200 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 12,180,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 8,120,000 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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039-903-02/Petrolia CISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 140,599,335 1.0056 139,816,363 140,599,335
B - MULTIFAMILY 546,060 N/A 546,060 546,060
C1 - VACANT LOTS 4,013,270 N/A 4,013,270 4,013,270
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,442,253 1.1809 10,536,407 12,442,253
D2 - FARM & RANCH IMP 8,444,170 N/A 8,444,170 8,444,170
E - NON-AG LAND AND IMPROVEMENTS 65,672,840 0.9452 69,480,364 65,672,840
F1 - COMMERCIAL REAL 5,560,890 N/A 5,560,890 5,560,890
F2 - INDUSTRIAL REAL 26,640 N/A 26,640 26,640
G - ALL MINERALS 2,874,760 N/A 2,874,760 2,874,760
J - ALL UTILITIES 40,949,190 0.9785 41,848,942 40,949,190
L1 - COMMERCIAL PERSONAL 2,702,010 N/A 2,702,010 2,702,010
L2 - INDUSTRIAL PERSONAL 664,740 N/A 664,740 664,740
M1 - MOBILE HOMES 5,670,190 N/A 5,670,190 5,670,190
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 40,930 N/A 40,930 40,930
Subtotal 290,207,278 292,225,736 290,207,278
Less Total Deductions 104,429,548 104,310,652 104,429,548
Total Taxable Value 185,777,730 187,915,084 185,777,730

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 219,173,930 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 185,777,730 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 219,173,930 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 185,777,730 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 231,353,930 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 239,473,930 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 182,639,675 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 219,173,930 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 185,777,730 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 219,173,930 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 185,777,730 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 231,353,930 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 239,473,930 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 182,639,675 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 33,396,200 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 12,180,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 8,120,000 Loss to the third most recent increase in the state-mandated homestead exemption

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