taxes Property Tax Assistance

2025 ISD Summary Worksheet

Nazareth ISD (all splits)   Castro County  

035-Castro/Castro County

035-903/Nazareth ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 26,187,440 1.2271 21,340,918 26,187,440
B - MULTIFAMILY 1,101,450 N/A 1,101,450 1,101,450
C1 - VACANT LOTS 324,220 N/A 324,220 324,220
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,499,901 1.2461 11,636,438 14,499,901
D2 - FARM & RANCH IMP 2,774,330 N/A 2,774,330 2,774,330
E - NON-AG LAND AND IMPROVEMENTS 39,602,270 0.9379 42,224,406 39,602,270
F1 - COMMERCIAL REAL 1,652,470 N/A 1,652,470 1,652,470
F2 - INDUSTRIAL REAL 838,570 N/A 838,570 838,570
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 34,793,730 0.9249 37,618,910 34,793,730
L1 - COMMERCIAL PERSONAL 2,292,540 N/A 2,292,540 2,292,540
L2 - INDUSTRIAL PERSONAL 40,010 N/A 40,010 40,010
M1 - MOBILE HOMES 658,150 N/A 658,150 658,150
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 10 N/A 10 10
Subtotal 124,765,091 0 122,502,422 124,765,091
Less Total Deductions 37,002,859 0 34,837,519 37,002,859
Total Taxable Value 87,762,232 0 87,664,903 87,762,232

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 92,999,043 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,762,232 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 92,999,043 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,762,232 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 103,063,089 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 105,926,987 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 88,614,731 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
T19 107,870,728 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 89,200,040 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 92,999,043 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,762,232 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 92,999,043 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,762,232 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 103,063,089 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 105,926,987 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 88,614,731 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
T20 107,870,728 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 89,200,040 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 5,236,811 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 10,064,046 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,863,898 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 1,943,741 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 1,437,808 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED.


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035-903-02/Nazareth ISD



Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 26,187,440 1.2271 21,340,918 26,187,440
B - MULTIFAMILY 1,101,450 N/A 1,101,450 1,101,450
C1 - VACANT LOTS 324,220 N/A 324,220 324,220
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,499,901 1.2461 11,636,438 14,499,901
D2 - FARM & RANCH IMP 2,774,330 N/A 2,774,330 2,774,330
E - NON-AG LAND AND IMPROVEMENTS 39,602,270 0.9379 42,224,406 39,602,270
F1 - COMMERCIAL REAL 1,652,470 N/A 1,652,470 1,652,470
F2 - INDUSTRIAL REAL 838,570 N/A 838,570 838,570
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 34,793,730 0.9249 37,618,910 34,793,730
L1 - COMMERCIAL PERSONAL 2,292,540 N/A 2,292,540 2,292,540
L2 - INDUSTRIAL PERSONAL 40,010 N/A 40,010 40,010
M1 - MOBILE HOMES 658,150 N/A 658,150 658,150
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 10 N/A 10 10
Subtotal 124,765,091 122,502,422 124,765,091
Less Total Deductions 37,002,859 34,837,519 37,002,859
Total Taxable Value 87,762,232 87,664,903 87,762,232

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 92,999,043 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,762,232 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 92,999,043 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,762,232 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 103,063,089 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 105,926,987 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 88,614,731 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
T19 107,870,728 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 89,200,040 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 92,999,043 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,762,232 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 92,999,043 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,762,232 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 103,063,089 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 105,926,987 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 88,614,731 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
T20 107,870,728 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 89,200,040 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 5,236,811 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 10,064,046 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,863,898 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 1,943,741 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 1,437,808 Loss to the increase in the Over-65/Disabled Homestead

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