taxes Property Tax Assistance

2024 ISD Summary Worksheet

Meadow ISD (all splits)   Terry County  

223-Terry/Terry County

223-902/Meadow ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 13,909,004 0.8487 16,388,599 13,909,004
B - MULTIFAMILY 56,848 N/A 56,848 56,848
C1 - VACANT LOTS 202,825 N/A 202,825 202,825
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,428,295 1.2071 4,497,141 5,428,295
D2 - FARM & RANCH IMP 2,974,840 N/A 2,974,840 2,974,840
E - NON-AG LAND AND IMPROVEMENTS 15,248,643 0.9389 16,240,966 15,248,643
F1 - COMMERCIAL REAL 887,136 N/A 887,136 887,136
F2 - INDUSTRIAL REAL 1,255,295 N/A 1,255,295 1,255,295
G - ALL MINERALS 14,126,469 0.9923 14,236,087 14,126,469
J - ALL UTILITIES 15,635,587 0.9704 16,112,518 15,635,587
L1 - COMMERCIAL PERSONAL 61,437 N/A 61,437 61,437
L2 - INDUSTRIAL PERSONAL 3,032,244 N/A 3,032,244 3,032,244
M1 - MOBILE HOMES 451,353 N/A 451,353 451,353
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 73,269,976 0 76,397,289 73,269,976
Less Total Deductions 16,467,928 0 17,903,862 16,467,928
Total Taxable Value 56,802,048 0 58,493,427 56,802,048

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 60,990,077 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 56,802,048 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 60,990,077 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 56,802,048 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 63,645,077 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 65,415,077 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 57,790,822 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 60,990,077 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 56,802,048 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 60,990,077 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 56,802,048 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 63,645,077 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 65,415,077 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 57,790,822 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 4,188,029 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 2,655,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,770,000 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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223-902-02/Meadow ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 13,909,004 0.8487 16,388,599 13,909,004
B - MULTIFAMILY 56,848 N/A 56,848 56,848
C1 - VACANT LOTS 202,825 N/A 202,825 202,825
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,428,295 1.2071 4,497,141 5,428,295
D2 - FARM & RANCH IMP 2,974,840 N/A 2,974,840 2,974,840
E - NON-AG LAND AND IMPROVEMENTS 15,248,643 0.9389 16,240,966 15,248,643
F1 - COMMERCIAL REAL 887,136 N/A 887,136 887,136
F2 - INDUSTRIAL REAL 1,255,295 N/A 1,255,295 1,255,295
G - ALL MINERALS 14,126,469 0.9923 14,236,087 14,126,469
J - ALL UTILITIES 15,635,587 0.9704 16,112,518 15,635,587
L1 - COMMERCIAL PERSONAL 61,437 N/A 61,437 61,437
L2 - INDUSTRIAL PERSONAL 3,032,244 N/A 3,032,244 3,032,244
M1 - MOBILE HOMES 451,353 N/A 451,353 451,353
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 73,269,976 76,397,289 73,269,976
Less Total Deductions 16,467,928 17,903,862 16,467,928
Total Taxable Value 56,802,048 58,493,427 56,802,048

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 60,990,077 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 56,802,048 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 60,990,077 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 56,802,048 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 63,645,077 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 65,415,077 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 57,790,822 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 60,990,077 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 56,802,048 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 60,990,077 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 56,802,048 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 63,645,077 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 65,415,077 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 57,790,822 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 4,188,029 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 2,655,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,770,000 Loss to the third most recent increase in the state-mandated homestead exemption

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