taxes Property Tax Assistance

2024 ISD Summary Worksheet

Rains ISD (all splits)   Rains County  

190-Rains/Rains County

190-903/Rains ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 845,594,090 0.9807 862,235,230 845,594,090
B - MULTIFAMILY 5,242,461 N/A 5,242,461 5,242,461
C1 - VACANT LOTS 32,546,575 N/A 32,546,575 32,546,575
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,142,192 1.0592 11,463,292 12,142,192
D2 - FARM & RANCH IMP 15,699,340 N/A 15,699,340 15,699,340
E - NON-AG LAND AND IMPROVEMENTS 493,601,633 1.0099 488,762,880 493,601,633
F1 - COMMERCIAL REAL 106,025,220 0.9893 107,171,960 106,025,220
F2 - INDUSTRIAL REAL 12,756,082 N/A 12,756,082 12,756,082
G - ALL MINERALS 4,684,710 N/A 4,684,710 4,684,710
J - ALL UTILITIES 30,505,272 N/A 30,505,272 30,505,272
L1 - COMMERCIAL PERSONAL 27,814,883 N/A 27,814,883 27,814,883
L2 - INDUSTRIAL PERSONAL 14,798,300 N/A 14,798,300 14,798,300
M1 - MOBILE HOMES 570,266 N/A 570,266 570,266
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 196,619 N/A 196,619 196,619
S - SPECIAL INVENTORY 114,263 N/A 114,263 114,263
Subtotal 1,602,291,906 0 1,614,562,133 1,602,291,906
Less Total Deductions 584,174,779 0 594,321,026 584,174,779
Total Taxable Value 1,018,117,127 0 1,020,241,107 1,018,117,127

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 1,176,466,776 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,018,117,127 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,176,466,776 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,018,117,127 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,234,426,776 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 1,273,066,776 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,018,478,787 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 1,176,466,776 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,018,117,127 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,176,466,776 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,018,117,127 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,234,426,776 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 1,273,066,776 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,018,478,787 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 158,349,649 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 57,960,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 38,640,000 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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190-903-02/Rains ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 845,594,090 0.9807 862,235,230 845,594,090
B - MULTIFAMILY 5,242,461 N/A 5,242,461 5,242,461
C1 - VACANT LOTS 32,546,575 N/A 32,546,575 32,546,575
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,142,192 1.0592 11,463,292 12,142,192
D2 - FARM & RANCH IMP 15,699,340 N/A 15,699,340 15,699,340
E - NON-AG LAND AND IMPROVEMENTS 493,601,633 1.0099 488,762,880 493,601,633
F1 - COMMERCIAL REAL 106,025,220 0.9893 107,171,960 106,025,220
F2 - INDUSTRIAL REAL 12,756,082 N/A 12,756,082 12,756,082
G - ALL MINERALS 4,684,710 N/A 4,684,710 4,684,710
J - ALL UTILITIES 30,505,272 N/A 30,505,272 30,505,272
L1 - COMMERCIAL PERSONAL 27,814,883 N/A 27,814,883 27,814,883
L2 - INDUSTRIAL PERSONAL 14,798,300 N/A 14,798,300 14,798,300
M1 - MOBILE HOMES 570,266 N/A 570,266 570,266
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 196,619 N/A 196,619 196,619
S - SPECIAL INVENTORY 114,263 N/A 114,263 114,263
Subtotal 1,602,291,906 1,614,562,133 1,602,291,906
Less Total Deductions 584,174,779 594,321,026 584,174,779
Total Taxable Value 1,018,117,127 1,020,241,107 1,018,117,127

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 1,176,466,776 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,018,117,127 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,176,466,776 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,018,117,127 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,234,426,776 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 1,273,066,776 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,018,478,787 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 1,176,466,776 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,018,117,127 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,176,466,776 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,018,117,127 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,234,426,776 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 1,273,066,776 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,018,478,787 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 158,349,649 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 57,960,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 38,640,000 Loss to the third most recent increase in the state-mandated homestead exemption

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