taxes Property Tax Assistance

2025 ISD Summary Worksheet

Sherman ISD (all splits)   Grayson County  

091-Grayson/Grayson County

091-906/Sherman ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 3,454,211,630 N/A 3,454,211,630 3,454,211,630
B - MULTIFAMILY 614,009,353 N/A 614,009,353 614,009,353
C1 - VACANT LOTS 156,548,406 N/A 156,548,406 156,548,406
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,365,890 N/A 1,365,890 1,365,890
D2 - FARM & RANCH IMP 3,911,528 N/A 3,911,528 3,911,528
E - NON-AG LAND AND IMPROVEMENTS 277,479,374 N/A 277,479,374 277,479,374
F1 - COMMERCIAL REAL 1,273,041,352 N/A 1,273,041,352 1,273,041,352
F2 - INDUSTRIAL REAL 4,530,528,585 N/A 4,530,528,585 4,530,528,585
G - ALL MINERALS 30,732,966 N/A 30,732,966 30,732,966
J - ALL UTILITIES 169,540,056 N/A 169,540,056 169,540,056
L1 - COMMERCIAL PERSONAL 413,063,875 N/A 413,063,875 413,063,875
L2 - INDUSTRIAL PERSONAL 1,376,622,807 N/A 1,376,622,807 1,376,622,807
M1 - MOBILE HOMES 18,129,908 N/A 18,129,908 18,129,908
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 142,248,224 N/A 142,248,224 142,248,224
S - SPECIAL INVENTORY 29,851,947 N/A 29,851,947 29,851,947
Subtotal 12,491,285,901 0 12,491,285,901 12,491,285,901
Less Total Deductions 6,204,778,877 0 6,204,778,877 6,204,778,877
Total Taxable Value 6,286,507,024 0 6,286,507,024 6,286,507,024

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 6,566,525,623 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 6,286,507,024 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 6,566,525,623 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 6,286,507,024 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 7,054,557,492 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 7,187,111,862 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 6,442,962,785 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 7,276,723,179 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 6,424,427,218 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 10,819,009,091 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 10,538,990,492 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 10,819,009,091 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 10,538,990,492 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 11,307,040,960 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 11,439,595,330 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 10,695,446,253 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 11,529,206,647 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 10,676,910,686 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 280,018,599 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 488,031,869 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 132,554,370 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 89,611,317 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 137,920,194 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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091-906-02/Sherman ISD



Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 3,454,211,630 N/A 3,454,211,630 3,454,211,630
B - MULTIFAMILY 614,009,353 N/A 614,009,353 614,009,353
C1 - VACANT LOTS 156,548,406 N/A 156,548,406 156,548,406
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,365,890 N/A 1,365,890 1,365,890
D2 - FARM & RANCH IMP 3,911,528 N/A 3,911,528 3,911,528
E - NON-AG LAND AND IMPROVEMENTS 277,479,374 N/A 277,479,374 277,479,374
F1 - COMMERCIAL REAL 1,273,041,352 N/A 1,273,041,352 1,273,041,352
F2 - INDUSTRIAL REAL 4,530,528,585 N/A 4,530,528,585 4,530,528,585
G - ALL MINERALS 30,732,966 N/A 30,732,966 30,732,966
J - ALL UTILITIES 169,540,056 N/A 169,540,056 169,540,056
L1 - COMMERCIAL PERSONAL 413,063,875 N/A 413,063,875 413,063,875
L2 - INDUSTRIAL PERSONAL 1,376,622,807 N/A 1,376,622,807 1,376,622,807
M1 - MOBILE HOMES 18,129,908 N/A 18,129,908 18,129,908
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 142,248,224 N/A 142,248,224 142,248,224
S - SPECIAL INVENTORY 29,851,947 N/A 29,851,947 29,851,947
Subtotal 12,491,285,901 12,491,285,901 12,491,285,901
Less Total Deductions 6,204,778,877 6,204,778,877 6,204,778,877
Total Taxable Value 6,286,507,024 6,286,507,024 6,286,507,024

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 6,566,525,623 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 6,286,507,024 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 6,566,525,623 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 6,286,507,024 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 7,054,557,492 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 7,187,111,862 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 6,442,962,785 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 7,276,723,179 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 6,424,427,218 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 10,819,009,091 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 10,538,990,492 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 10,819,009,091 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 10,538,990,492 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 11,307,040,960 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 11,439,595,330 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 10,695,446,253 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 11,529,206,647 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 10,676,910,686 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 280,018,599 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 488,031,869 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 132,554,370 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 89,611,317 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 137,920,194 Loss to the increase in the Over-65/Disabled Homestead

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