taxes Property Tax Assistance

2024 ISD Summary Worksheet

Timpson ISD (all splits)   Shelby County  

210-Shelby/Shelby County

210-905/Timpson ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 60,421,130 0.8188 73,792,294 73,792,294
B - MULTIFAMILY 742,320 N/A 742,320 742,320
C1 - VACANT LOTS 1,749,045 N/A 1,749,045 1,749,045
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,259,282 1.3872 10,999,808 10,999,808
D2 - FARM & RANCH IMP 19,829,902 0.6000 33,049,837 33,049,837
E - NON-AG LAND AND IMPROVEMENTS 95,854,299 0.8455 113,369,957 113,369,957
F1 - COMMERCIAL REAL 10,697,830 N/A 10,697,830 10,697,830
F2 - INDUSTRIAL REAL 6,932,790 N/A 6,932,790 6,932,790
G - ALL MINERALS 3,367,310 N/A 3,367,310 3,367,310
J - ALL UTILITIES 26,336,970 0.9483 27,772,825 27,772,825
L1 - COMMERCIAL PERSONAL 3,441,515 N/A 3,441,515 3,441,515
L2 - INDUSTRIAL PERSONAL 20,619,610 N/A 20,619,610 20,619,610
M1 - MOBILE HOMES 12,005,260 N/A 12,005,260 12,005,260
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 277,257,263 0 318,540,401 318,540,401
Less Total Deductions 97,397,645 0 109,401,674 109,401,674
Total Taxable Value 179,859,618 0 209,138,727 209,138,727

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 233,441,490 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 209,138,727 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 227,411,347 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 203,108,584 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 249,821,490 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 260,741,490 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 215,710,340 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 233,441,490 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 209,138,727 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 227,411,347 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 203,108,584 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 249,821,490 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 260,741,490 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 215,710,340 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 24,302,763 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 6,030,143 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 16,380,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 10,920,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT WAS NOT VALID IN THE LAST TWO STUDIES.


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210-905-02/Timpson ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 60,421,130 0.8188 73,792,294 73,792,294
B - MULTIFAMILY 742,320 N/A 742,320 742,320
C1 - VACANT LOTS 1,749,045 N/A 1,749,045 1,749,045
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,259,282 1.3872 10,999,808 10,999,808
D2 - FARM & RANCH IMP 19,829,902 0.6000 33,049,837 33,049,837
E - NON-AG LAND AND IMPROVEMENTS 95,854,299 0.8455 113,369,957 113,369,957
F1 - COMMERCIAL REAL 10,697,830 N/A 10,697,830 10,697,830
F2 - INDUSTRIAL REAL 6,932,790 N/A 6,932,790 6,932,790
G - ALL MINERALS 3,367,310 N/A 3,367,310 3,367,310
J - ALL UTILITIES 26,336,970 0.9483 27,772,825 27,772,825
L1 - COMMERCIAL PERSONAL 3,441,515 N/A 3,441,515 3,441,515
L2 - INDUSTRIAL PERSONAL 20,619,610 N/A 20,619,610 20,619,610
M1 - MOBILE HOMES 12,005,260 N/A 12,005,260 12,005,260
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 277,257,263 318,540,401 318,540,401
Less Total Deductions 97,397,645 109,401,674 109,401,674
Total Taxable Value 179,859,618 209,138,727 209,138,727

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 233,441,490 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 209,138,727 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 227,411,347 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 203,108,584 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 249,821,490 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 260,741,490 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 215,710,340 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 233,441,490 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 209,138,727 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 227,411,347 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 203,108,584 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 249,821,490 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 260,741,490 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 215,710,340 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 24,302,763 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 6,030,143 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 16,380,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 10,920,000 Loss to the third most recent increase in the state-mandated homestead exemption

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