taxes Property Tax Assistance

2024 ISD Summary Worksheet

Loraine ISD (all splits)   Mitchell County  

168-Mitchell/Mitchell County

168-902/Loraine ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 12,978,828 N/A 12,978,828 12,978,828
B - MULTIFAMILY 412,821 N/A 412,821 412,821
C1 - VACANT LOTS 521,008 N/A 521,008 521,008
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,650,548 N/A 12,650,548 12,650,548
D2 - FARM & RANCH IMP 1,578,200 N/A 1,578,200 1,578,200
E - NON-AG LAND AND IMPROVEMENTS 28,874,675 N/A 28,874,675 28,874,675
F1 - COMMERCIAL REAL 1,350,319 N/A 1,350,319 1,350,319
F2 - INDUSTRIAL REAL 47,485,050 N/A 47,485,050 47,485,050
G - ALL MINERALS 3,456,168 N/A 3,456,168 3,456,168
J - ALL UTILITIES 82,065,059 N/A 82,065,059 82,065,059
L1 - COMMERCIAL PERSONAL 686,155 N/A 686,155 686,155
L2 - INDUSTRIAL PERSONAL 5,210,880 N/A 5,210,880 5,210,880
M1 - MOBILE HOMES 222,583 N/A 222,583 222,583
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 197,492,294 0 197,492,294 197,492,294
Less Total Deductions 20,178,425 0 20,178,425 20,178,425
Total Taxable Value 177,313,869 0 177,313,869 177,313,869

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 184,033,600 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 177,313,869 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 184,033,600 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 177,313,869 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 187,108,600 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 189,158,600 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 177,313,869 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 184,033,600 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 177,313,869 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 184,033,600 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 177,313,869 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 187,108,600 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 189,158,600 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 177,313,869 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 6,719,731 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 3,075,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,050,000 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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168-902-02/Loraine ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 12,978,828 N/A 12,978,828 12,978,828
B - MULTIFAMILY 412,821 N/A 412,821 412,821
C1 - VACANT LOTS 521,008 N/A 521,008 521,008
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,650,548 N/A 12,650,548 12,650,548
D2 - FARM & RANCH IMP 1,578,200 N/A 1,578,200 1,578,200
E - NON-AG LAND AND IMPROVEMENTS 28,874,675 N/A 28,874,675 28,874,675
F1 - COMMERCIAL REAL 1,350,319 N/A 1,350,319 1,350,319
F2 - INDUSTRIAL REAL 47,485,050 N/A 47,485,050 47,485,050
G - ALL MINERALS 3,456,168 N/A 3,456,168 3,456,168
J - ALL UTILITIES 82,065,059 N/A 82,065,059 82,065,059
L1 - COMMERCIAL PERSONAL 686,155 N/A 686,155 686,155
L2 - INDUSTRIAL PERSONAL 5,210,880 N/A 5,210,880 5,210,880
M1 - MOBILE HOMES 222,583 N/A 222,583 222,583
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 197,492,294 197,492,294 197,492,294
Less Total Deductions 20,178,425 20,178,425 20,178,425
Total Taxable Value 177,313,869 177,313,869 177,313,869

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 184,033,600 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 177,313,869 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 184,033,600 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 177,313,869 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 187,108,600 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 189,158,600 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 177,313,869 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 184,033,600 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 177,313,869 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 184,033,600 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 177,313,869 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 187,108,600 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 189,158,600 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 177,313,869 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 6,719,731 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 3,075,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,050,000 Loss to the third most recent increase in the state-mandated homestead exemption

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