taxes Property Tax Assistance

2024 ISD Summary Worksheet

Three Way ISD (all splits)   Erath County   Somervell County  

072-Erath/Erath County

072-901/Three Way ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 1,477,380 N/A 1,477,380 1,477,380
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 15,913,610 N/A 15,913,610 15,913,610
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,251,560 N/A 5,251,560 5,251,560
D2 - FARM & RANCH IMP 1,965,800 N/A 1,965,800 1,965,800
E - NON-AG LAND AND IMPROVEMENTS 84,819,250 N/A 84,819,250 84,819,250
F1 - COMMERCIAL REAL 1,823,170 N/A 1,823,170 1,823,170
F2 - INDUSTRIAL REAL 31,200 N/A 31,200 31,200
G - ALL MINERALS 46,460 N/A 46,460 46,460
J - ALL UTILITIES 6,400,340 N/A 6,400,340 6,400,340
L1 - COMMERCIAL PERSONAL 2,553,200 N/A 2,553,200 2,553,200
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 1,398,190 N/A 1,398,190 1,398,190
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 121,680,160 0 121,680,160 121,680,160
Less Total Deductions 30,335,682 0 30,335,682 30,335,682
Total Taxable Value 91,344,478 0 91,344,478 91,344,478

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 98,225,370 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 91,344,478 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 98,225,370 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 91,344,478 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 100,280,370 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 101,650,370 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 99,408,734 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 98,225,370 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 91,344,478 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 98,225,370 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 91,344,478 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 100,280,370 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 101,650,370 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 99,408,734 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 6,880,892 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 2,055,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,370,000 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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213-Somervell/Somervell County

072-901/Three Way ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 2,710,260 N/A 2,710,260 2,710,260
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 454,730 N/A 454,730 454,730
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 121,190 N/A 121,190 121,190
D2 - FARM & RANCH IMP 19,830 N/A 19,830 19,830
E - NON-AG LAND AND IMPROVEMENTS 7,789,670 N/A 7,789,670 7,789,670
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 128,240 N/A 128,240 128,240
L1 - COMMERCIAL PERSONAL 6,510 N/A 6,510 6,510
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 115,890 N/A 115,890 115,890
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 11,346,320 0 11,346,320 11,346,320
Less Total Deductions 2,900,627 0 2,900,627 2,900,627
Total Taxable Value 8,445,693 0 8,445,693 8,445,693

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 9,105,693 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 8,445,693 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 9,105,693 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 8,445,693 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 9,270,693 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 9,380,693 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 7,976,924 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 9,105,693 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 8,445,693 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 9,105,693 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 8,445,693 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 9,270,693 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 9,380,693 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 7,976,924 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 660,000 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 165,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 110,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID BECAUSE THIS PORTION OF THE SCHOOL DISTRICT WAS TOO SMALL TO BE STUDIED, AND LOCAL VALUE WAS CERTIFIED.


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072-901-02/Three Way ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 4,187,640 N/A 4,187,640 4,187,640
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 16,368,340 N/A 16,368,340 16,368,340
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,372,750 N/A 5,372,750 5,372,750
D2 - FARM & RANCH IMP 1,985,630 N/A 1,985,630 1,985,630
E - NON-AG LAND AND IMPROVEMENTS 92,608,920 N/A 92,608,920 92,608,920
F1 - COMMERCIAL REAL 1,823,170 N/A 1,823,170 1,823,170
F2 - INDUSTRIAL REAL 31,200 N/A 31,200 31,200
G - ALL MINERALS 46,460 N/A 46,460 46,460
J - ALL UTILITIES 6,528,580 N/A 6,528,580 6,528,580
L1 - COMMERCIAL PERSONAL 2,559,710 N/A 2,559,710 2,559,710
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 1,514,080 N/A 1,514,080 1,514,080
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 133,026,480 133,026,480 133,026,480
Less Total Deductions 33,236,309 33,236,309 33,236,309
Total Taxable Value 99,790,171 99,790,171 99,790,171

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 107,331,063 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 99,790,171 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 107,331,063 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 99,790,171 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 109,551,063 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 111,031,063 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 107,385,658 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 107,331,063 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 99,790,171 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 107,331,063 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 99,790,171 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 109,551,063 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 111,031,063 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 107,385,658 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 7,540,892 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 2,220,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,480,000 Loss to the third most recent increase in the state-mandated homestead exemption

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