taxes Property Tax Assistance

2025 ISD Summary Worksheet

Gary ISD (all splits)   Panola County  

183-Panola/Panola County

183-904/Gary ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 133,796,940 0.9963 134,293,827 133,796,940
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 8,011,500 N/A 8,011,500 8,011,500
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,685,093 1.3041 4,359,452 5,685,093
D2 - FARM & RANCH IMP 6,102,510 N/A 6,102,510 6,102,510
E - NON-AG LAND AND IMPROVEMENTS 29,339,740 1.0590 27,705,137 29,339,740
F1 - COMMERCIAL REAL 3,430,070 N/A 3,430,070 3,430,070
F2 - INDUSTRIAL REAL 39,490 N/A 39,490 39,490
G - ALL MINERALS 38,055,110 0.9996 38,070,338 38,055,110
J - ALL UTILITIES 27,717,130 0.9630 28,782,066 27,717,130
L1 - COMMERCIAL PERSONAL 1,443,850 N/A 1,443,850 1,443,850
L2 - INDUSTRIAL PERSONAL 4,593,570 N/A 4,593,570 4,593,570
M1 - MOBILE HOMES 14,819,200 N/A 14,819,200 14,819,200
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 273,034,203 0 271,651,010 273,034,203
Less Total Deductions 120,736,284 0 120,918,925 120,736,284
Total Taxable Value 152,297,919 0 150,732,085 152,297,919

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 163,609,095 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 152,297,919 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 158,668,900 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 147,357,724 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 189,289,116 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 197,840,997 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 152,311,668 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 204,008,469 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 156,845,069 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 163,609,095 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 152,297,919 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 158,668,900 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 147,357,724 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 189,289,116 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 197,840,997 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 152,311,668 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 204,008,469 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 156,845,069 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 11,311,176 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 4,940,195 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 25,680,021 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 8,551,881 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 6,167,472 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 4,547,150 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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183-904-02/Gary ISD



Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 133,796,940 0.9963 134,293,827 133,796,940
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 8,011,500 N/A 8,011,500 8,011,500
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,685,093 1.3041 4,359,452 5,685,093
D2 - FARM & RANCH IMP 6,102,510 N/A 6,102,510 6,102,510
E - NON-AG LAND AND IMPROVEMENTS 29,339,740 1.0590 27,705,137 29,339,740
F1 - COMMERCIAL REAL 3,430,070 N/A 3,430,070 3,430,070
F2 - INDUSTRIAL REAL 39,490 N/A 39,490 39,490
G - ALL MINERALS 38,055,110 0.9996 38,070,338 38,055,110
J - ALL UTILITIES 27,717,130 0.9630 28,782,066 27,717,130
L1 - COMMERCIAL PERSONAL 1,443,850 N/A 1,443,850 1,443,850
L2 - INDUSTRIAL PERSONAL 4,593,570 N/A 4,593,570 4,593,570
M1 - MOBILE HOMES 14,819,200 N/A 14,819,200 14,819,200
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 273,034,203 271,651,010 273,034,203
Less Total Deductions 120,736,284 120,918,925 120,736,284
Total Taxable Value 152,297,919 150,732,085 152,297,919

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 163,609,095 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 152,297,919 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 158,668,900 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 147,357,724 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 189,289,116 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 197,840,997 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 152,311,668 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 204,008,469 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 156,845,069 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 163,609,095 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 152,297,919 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 158,668,900 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 147,357,724 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 189,289,116 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 197,840,997 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 152,311,668 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 204,008,469 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 156,845,069 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 11,311,176 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 4,940,195 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 25,680,021 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 8,551,881 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 6,167,472 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 4,547,150 Loss to the increase in the Over-65/Disabled Homestead

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