taxes Property Tax Assistance

2024 ISD Summary Worksheet

Martins Mill ISD (all splits)   Van Zandt County  

234-Van Zandt/Van Zandt County

234-905/Martins Mill ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 80,567,358 N/A 80,567,358 80,567,358
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,943,875 N/A 2,943,875 2,943,875
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,259,260 N/A 6,259,260 6,259,260
D2 - FARM & RANCH IMP 3,164,762 N/A 3,164,762 3,164,762
E - NON-AG LAND AND IMPROVEMENTS 188,013,926 N/A 188,013,926 188,013,926
F1 - COMMERCIAL REAL 6,968,148 N/A 6,968,148 6,968,148
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 313,480 N/A 313,480 313,480
J - ALL UTILITIES 11,139,680 N/A 11,139,680 11,139,680
L1 - COMMERCIAL PERSONAL 1,506,670 N/A 1,506,670 1,506,670
L2 - INDUSTRIAL PERSONAL 195,930 N/A 195,930 195,930
M1 - MOBILE HOMES 5,650,683 N/A 5,650,683 5,650,683
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 306,723,772 0 306,723,772 306,723,772
Less Total Deductions 105,341,599 0 105,341,599 105,341,599
Total Taxable Value 201,382,173 0 201,382,173 201,382,173

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 233,063,994 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 201,382,173 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 233,063,994 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 201,382,173 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 243,338,994 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 250,188,994 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 220,992,402 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 233,063,994 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 201,382,173 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 233,063,994 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 201,382,173 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 243,338,994 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 250,188,994 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 220,992,402 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 31,681,821 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 10,275,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 6,850,000 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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234-905-02/Martins Mill ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 80,567,358 N/A 80,567,358 80,567,358
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,943,875 N/A 2,943,875 2,943,875
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,259,260 N/A 6,259,260 6,259,260
D2 - FARM & RANCH IMP 3,164,762 N/A 3,164,762 3,164,762
E - NON-AG LAND AND IMPROVEMENTS 188,013,926 N/A 188,013,926 188,013,926
F1 - COMMERCIAL REAL 6,968,148 N/A 6,968,148 6,968,148
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 313,480 N/A 313,480 313,480
J - ALL UTILITIES 11,139,680 N/A 11,139,680 11,139,680
L1 - COMMERCIAL PERSONAL 1,506,670 N/A 1,506,670 1,506,670
L2 - INDUSTRIAL PERSONAL 195,930 N/A 195,930 195,930
M1 - MOBILE HOMES 5,650,683 N/A 5,650,683 5,650,683
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 306,723,772 306,723,772 306,723,772
Less Total Deductions 105,341,599 105,341,599 105,341,599
Total Taxable Value 201,382,173 201,382,173 201,382,173

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 233,063,994 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 201,382,173 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 233,063,994 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 201,382,173 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 243,338,994 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 250,188,994 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 220,992,402 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 233,063,994 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 201,382,173 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 233,063,994 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 201,382,173 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 243,338,994 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 250,188,994 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 220,992,402 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 31,681,821 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 10,275,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 6,850,000 Loss to the third most recent increase in the state-mandated homestead exemption

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