taxes Property Tax Assistance

2024 ISD Summary Worksheet

Loop ISD (all splits)   Gaines County   Terry County  

083-Gaines/Gaines County

083-902/Loop ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 16,330 N/A 16,330 16,330
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 326,720 N/A 326,720 326,720
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,442,322 N/A 10,442,322 10,442,322
D2 - FARM & RANCH IMP 557,945 N/A 557,945 557,945
E - NON-AG LAND AND IMPROVEMENTS 31,995,316 N/A 31,995,316 31,995,316
F1 - COMMERCIAL REAL 270,710 N/A 270,710 270,710
F2 - INDUSTRIAL REAL 5,050,560 N/A 5,050,560 5,050,560
G - ALL MINERALS 123,663,124 N/A 123,663,124 123,663,124
J - ALL UTILITIES 20,133,660 N/A 20,133,660 20,133,660
L1 - COMMERCIAL PERSONAL 366,370 N/A 366,370 366,370
L2 - INDUSTRIAL PERSONAL 14,202,430 N/A 14,202,430 14,202,430
M1 - MOBILE HOMES 1,146,800 N/A 1,146,800 1,146,800
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 208,172,287 0 208,172,287 208,172,287
Less Total Deductions 19,454,669 0 19,454,669 19,454,669
Total Taxable Value 188,717,618 0 188,717,618 188,717,618

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 192,616,560 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 188,717,618 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 191,417,974 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 187,519,032 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 193,981,560 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 194,891,560 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 188,717,618 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 192,616,560 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 188,717,618 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 191,417,974 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 187,519,032 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 193,981,560 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 194,891,560 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 188,717,618 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 3,898,942 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 1,198,586 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,365,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 910,000 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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223-Terry/Terry County

083-902/Loop ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 143,681 N/A 143,681 143,681
D2 - FARM & RANCH IMP 333,998 N/A 333,998 333,998
E - NON-AG LAND AND IMPROVEMENTS 40,409 N/A 40,409 40,409
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 3,713,723 N/A 3,713,723 3,713,723
J - ALL UTILITIES 668,696 N/A 668,696 668,696
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 0 N/A 0 0
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 4,900,507 0 4,900,507 4,900,507
Less Total Deductions 992,473 0 992,473 992,473
Total Taxable Value 3,908,034 0 3,908,034 3,908,034

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 3,908,034 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 3,908,034 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 3,908,034 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 3,908,034 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 3,908,034 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 3,908,034 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 3,908,034 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 3,908,034 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 3,908,034 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 3,908,034 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 3,908,034 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 3,908,034 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 3,908,034 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 3,908,034 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 0 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 0 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 0 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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083-902-02/Loop ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 16,330 N/A 16,330 16,330
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 326,720 N/A 326,720 326,720
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,586,003 N/A 10,586,003 10,586,003
D2 - FARM & RANCH IMP 891,943 N/A 891,943 891,943
E - NON-AG LAND AND IMPROVEMENTS 32,035,725 N/A 32,035,725 32,035,725
F1 - COMMERCIAL REAL 270,710 N/A 270,710 270,710
F2 - INDUSTRIAL REAL 5,050,560 N/A 5,050,560 5,050,560
G - ALL MINERALS 127,376,847 N/A 127,376,847 127,376,847
J - ALL UTILITIES 20,802,356 N/A 20,802,356 20,802,356
L1 - COMMERCIAL PERSONAL 366,370 N/A 366,370 366,370
L2 - INDUSTRIAL PERSONAL 14,202,430 N/A 14,202,430 14,202,430
M1 - MOBILE HOMES 1,146,800 N/A 1,146,800 1,146,800
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 213,072,794 213,072,794 213,072,794
Less Total Deductions 20,447,142 20,447,142 20,447,142
Total Taxable Value 192,625,652 192,625,652 192,625,652

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 196,524,594 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 192,625,652 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 195,326,008 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 191,427,066 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 197,889,594 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 198,799,594 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 192,625,652 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 196,524,594 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 192,625,652 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 195,326,008 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 191,427,066 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 197,889,594 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 198,799,594 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 192,625,652 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 3,898,942 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 1,198,586 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,365,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 910,000 Loss to the third most recent increase in the state-mandated homestead exemption

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