taxes Property Tax Assistance

2024 ISD Summary Worksheet

Seminole ISD (all splits)   Gaines County  

083-Gaines/Gaines County

083-903/Seminole ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 394,694,281 0.9706 406,649,785 394,694,281
B - MULTIFAMILY 7,442,234 N/A 7,442,234 7,442,234
C1 - VACANT LOTS 136,799,416 N/A 136,799,416 136,799,416
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 52,627,487 1.8919 27,816,551 52,627,487
D2 - FARM & RANCH IMP 3,789,870 N/A 3,789,870 3,789,870
E - NON-AG LAND AND IMPROVEMENTS 980,809,146 0.9346 1,049,442,698 980,809,146
F1 - COMMERCIAL REAL 206,008,530 N/A 206,008,530 206,008,530
F2 - INDUSTRIAL REAL 198,908,790 N/A 198,908,790 198,908,790
G - ALL MINERALS 2,203,779,691 1.0101 2,181,744,076 2,203,779,691
J - ALL UTILITIES 189,522,720 N/A 189,522,720 189,522,720
L1 - COMMERCIAL PERSONAL 75,300,160 N/A 75,300,160 75,300,160
L2 - INDUSTRIAL PERSONAL 285,407,730 N/A 285,407,730 285,407,730
M1 - MOBILE HOMES 86,242,697 N/A 86,242,697 86,242,697
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,085,750 N/A 3,085,750 3,085,750
Subtotal 4,824,418,502 0 4,858,161,007 4,824,418,502
Less Total Deductions 506,507,571 0 512,944,085 506,507,571
Total Taxable Value 4,317,910,931 0 4,345,216,922 4,317,910,931

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 4,473,415,144 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 4,317,910,931 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 4,473,415,144 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 4,317,910,931 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 4,528,135,144 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 4,564,615,144 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 4,317,910,931 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 4,473,415,144 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 4,317,910,931 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 4,473,415,144 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 4,317,910,931 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 4,528,135,144 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 4,564,615,144 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 4,317,910,931 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 155,504,213 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 54,720,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 36,480,000 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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083-903-02/Seminole ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 394,694,281 0.9706 406,649,785 394,694,281
B - MULTIFAMILY 7,442,234 N/A 7,442,234 7,442,234
C1 - VACANT LOTS 136,799,416 N/A 136,799,416 136,799,416
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 52,627,487 1.8919 27,816,551 52,627,487
D2 - FARM & RANCH IMP 3,789,870 N/A 3,789,870 3,789,870
E - NON-AG LAND AND IMPROVEMENTS 980,809,146 0.9346 1,049,442,698 980,809,146
F1 - COMMERCIAL REAL 206,008,530 N/A 206,008,530 206,008,530
F2 - INDUSTRIAL REAL 198,908,790 N/A 198,908,790 198,908,790
G - ALL MINERALS 2,203,779,691 1.0101 2,181,744,076 2,203,779,691
J - ALL UTILITIES 189,522,720 N/A 189,522,720 189,522,720
L1 - COMMERCIAL PERSONAL 75,300,160 N/A 75,300,160 75,300,160
L2 - INDUSTRIAL PERSONAL 285,407,730 N/A 285,407,730 285,407,730
M1 - MOBILE HOMES 86,242,697 N/A 86,242,697 86,242,697
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,085,750 N/A 3,085,750 3,085,750
Subtotal 4,824,418,502 4,858,161,007 4,824,418,502
Less Total Deductions 506,507,571 512,944,085 506,507,571
Total Taxable Value 4,317,910,931 4,345,216,922 4,317,910,931

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 4,473,415,144 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 4,317,910,931 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 4,473,415,144 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 4,317,910,931 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 4,528,135,144 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 4,564,615,144 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 4,317,910,931 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 4,473,415,144 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 4,317,910,931 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 4,473,415,144 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 4,317,910,931 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 4,528,135,144 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 4,564,615,144 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 4,317,910,931 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 155,504,213 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 54,720,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 36,480,000 Loss to the third most recent increase in the state-mandated homestead exemption

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