taxes Property Tax Assistance

2024 ISD Summary Worksheet

Mount Vernon ISD (all splits)   Franklin County   Hopkins County  

080-Franklin/Franklin County

080-901/Mount Vernon ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 1,551,689,414 0.9684 1,602,322,815 1,551,689,414
B - MULTIFAMILY 4,181,973 N/A 4,181,973 4,181,973
C1 - VACANT LOTS 76,085,160 N/A 76,085,160 76,085,160
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,398,355 1.0316 14,926,115 15,398,355
D2 - FARM & RANCH IMP 73,657,930 N/A 73,657,930 73,657,930
E - NON-AG LAND AND IMPROVEMENTS 370,718,511 1.1008 336,771,903 370,718,511
F1 - COMMERCIAL REAL 105,068,653 N/A 105,068,653 105,068,653
F2 - INDUSTRIAL REAL 161,880 N/A 161,880 161,880
G - ALL MINERALS 10,396,720 N/A 10,396,720 10,396,720
J - ALL UTILITIES 85,971,190 N/A 85,971,190 85,971,190
L1 - COMMERCIAL PERSONAL 100,816,190 N/A 100,816,190 100,816,190
L2 - INDUSTRIAL PERSONAL 23,832,470 N/A 23,832,470 23,832,470
M1 - MOBILE HOMES 12,272,220 N/A 12,272,220 12,272,220
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,951,680 N/A 1,951,680 1,951,680
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 2,432,202,346 0 2,448,416,899 2,432,202,346
Less Total Deductions 587,747,080 0 601,108,261 587,747,080
Total Taxable Value 1,844,455,266 0 1,847,308,638 1,844,455,266

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 1,968,805,926 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,844,455,266 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,968,805,926 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,844,455,266 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 2,008,615,926 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 2,035,155,926 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,917,390,144 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 1,968,805,926 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,844,455,266 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,968,805,926 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,844,455,266 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 2,008,615,926 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 2,035,155,926 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,917,390,144 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 124,350,660 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 39,810,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 26,540,000 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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112-Hopkins/Hopkins County

080-901/Mount Vernon 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 10,240 N/A 10,240 10,240
D2 - FARM & RANCH IMP 0 N/A 0 0
E - NON-AG LAND AND IMPROVEMENTS 3,790,460 N/A 3,790,460 3,790,460
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 3,870,749 N/A 3,870,749 3,870,749
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 32,871,290 N/A 32,871,290 32,871,290
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 40,542,739 0 40,542,739 40,542,739
Less Total Deductions 21,631 0 21,631 21,631
Total Taxable Value 40,521,108 0 40,521,108 40,521,108

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 40,521,108 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 40,521,108 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 40,521,108 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 40,521,108 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 40,521,108 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 40,521,108 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 40,521,108 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 40,521,108 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 40,521,108 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 40,521,108 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 40,521,108 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 40,521,108 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 40,521,108 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 40,521,108 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 BECAUSE THIS PORTION OF THE SCHOOL DISTRICT WAS TOO SMALL TO BE STUDIED, AND LOCAL VALUE WAS CERTIFIED.


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080-901-02/Mount Vernon ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 1,551,689,414 0.9684 1,602,322,815 1,551,689,414
B - MULTIFAMILY 4,181,973 N/A 4,181,973 4,181,973
C1 - VACANT LOTS 76,085,160 N/A 76,085,160 76,085,160
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,408,595 1.0316 14,936,355 15,408,595
D2 - FARM & RANCH IMP 73,657,930 N/A 73,657,930 73,657,930
E - NON-AG LAND AND IMPROVEMENTS 374,508,971 1.0997 340,562,363 374,508,971
F1 - COMMERCIAL REAL 105,068,653 N/A 105,068,653 105,068,653
F2 - INDUSTRIAL REAL 161,880 N/A 161,880 161,880
G - ALL MINERALS 10,396,720 N/A 10,396,720 10,396,720
J - ALL UTILITIES 89,841,939 N/A 89,841,939 89,841,939
L1 - COMMERCIAL PERSONAL 100,816,190 N/A 100,816,190 100,816,190
L2 - INDUSTRIAL PERSONAL 56,703,760 N/A 56,703,760 56,703,760
M1 - MOBILE HOMES 12,272,220 N/A 12,272,220 12,272,220
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,951,680 N/A 1,951,680 1,951,680
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 2,472,745,085 2,488,959,638 2,472,745,085
Less Total Deductions 587,768,711 601,129,892 587,768,711
Total Taxable Value 1,884,976,374 1,887,829,746 1,884,976,374

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 2,009,327,034 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,884,976,374 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 2,009,327,034 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,884,976,374 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 2,049,137,034 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 2,075,677,034 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,957,911,252 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 2,009,327,034 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,884,976,374 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 2,009,327,034 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,884,976,374 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 2,049,137,034 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 2,075,677,034 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,957,911,252 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 124,350,660 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 39,810,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 26,540,000 Loss to the third most recent increase in the state-mandated homestead exemption

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