taxes Property Tax Assistance

2024 ISD Summary Worksheet

Itasca ISD (all splits)   Hill County  

109-Hill/Hill County

109-907/Itasca ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 150,911,080 0.9738 154,971,329 150,911,080
B - MULTIFAMILY 1,791,650 N/A 1,791,650 1,791,650
C1 - VACANT LOTS 26,956,800 N/A 26,956,800 26,956,800
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,750,031 1.3921 8,440,550 11,750,031
D2 - FARM & RANCH IMP 16,399,510 N/A 16,399,510 16,399,510
E - NON-AG LAND AND IMPROVEMENTS 219,667,331 1.0328 212,691,064 219,667,331
F1 - COMMERCIAL REAL 32,845,510 0.8850 37,113,571 32,845,510
F2 - INDUSTRIAL REAL 200,882,840 N/A 200,882,840 200,882,840
G - ALL MINERALS 678,574 N/A 678,574 678,574
J - ALL UTILITIES 52,992,790 0.9535 55,577,126 52,992,790
L1 - COMMERCIAL PERSONAL 20,562,520 N/A 20,562,520 20,562,520
L2 - INDUSTRIAL PERSONAL 17,969,160 N/A 17,969,160 17,969,160
M1 - MOBILE HOMES 3,635,250 N/A 3,635,250 3,635,250
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 9,980 N/A 9,980 9,980
Subtotal 757,053,026 0 757,679,924 757,053,026
Less Total Deductions 253,474,295 0 256,102,485 253,474,295
Total Taxable Value 503,578,731 0 501,577,439 503,578,731

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 549,258,923 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 503,578,731 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 549,258,923 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 503,578,731 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 564,348,923 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 574,408,923 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 522,495,060 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 654,853,423 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 609,173,231 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 654,853,423 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 609,173,231 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 669,943,423 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 680,003,423 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 628,089,560 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 45,680,192 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 15,090,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 10,060,000 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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109-907-02/Itasca ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 150,911,080 0.9738 154,971,329 150,911,080
B - MULTIFAMILY 1,791,650 N/A 1,791,650 1,791,650
C1 - VACANT LOTS 26,956,800 N/A 26,956,800 26,956,800
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,750,031 1.3921 8,440,550 11,750,031
D2 - FARM & RANCH IMP 16,399,510 N/A 16,399,510 16,399,510
E - NON-AG LAND AND IMPROVEMENTS 219,667,331 1.0328 212,691,064 219,667,331
F1 - COMMERCIAL REAL 32,845,510 0.8850 37,113,571 32,845,510
F2 - INDUSTRIAL REAL 200,882,840 N/A 200,882,840 200,882,840
G - ALL MINERALS 678,574 N/A 678,574 678,574
J - ALL UTILITIES 52,992,790 0.9535 55,577,126 52,992,790
L1 - COMMERCIAL PERSONAL 20,562,520 N/A 20,562,520 20,562,520
L2 - INDUSTRIAL PERSONAL 17,969,160 N/A 17,969,160 17,969,160
M1 - MOBILE HOMES 3,635,250 N/A 3,635,250 3,635,250
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 9,980 N/A 9,980 9,980
Subtotal 757,053,026 757,679,924 757,053,026
Less Total Deductions 253,474,295 256,102,485 253,474,295
Total Taxable Value 503,578,731 501,577,439 503,578,731

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 549,258,923 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 503,578,731 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 549,258,923 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 503,578,731 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 564,348,923 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 574,408,923 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 522,495,060 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 654,853,423 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 609,173,231 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 654,853,423 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 609,173,231 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 669,943,423 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 680,003,423 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 628,089,560 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 45,680,192 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 15,090,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 10,060,000 Loss to the third most recent increase in the state-mandated homestead exemption

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