taxes Property Tax Assistance

2025 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 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 90,294,167 0.9793 92,202,764 90,294,167
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 3,914,958 N/A 3,914,958 3,914,958
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,887,330 1.0845 6,350,750 6,887,330
D2 - FARM & RANCH IMP 2,751,120 N/A 2,751,120 2,751,120
E - NON-AG LAND AND IMPROVEMENTS 177,472,855 0.8946 198,382,355 177,472,855
F1 - COMMERCIAL REAL 7,677,220 N/A 7,677,220 7,677,220
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 239,790 N/A 239,790 239,790
J - ALL UTILITIES 11,932,230 N/A 11,932,230 11,932,230
L1 - COMMERCIAL PERSONAL 1,140,580 N/A 1,140,580 1,140,580
L2 - INDUSTRIAL PERSONAL 166,850 N/A 166,850 166,850
M1 - MOBILE HOMES 6,322,009 N/A 6,322,009 6,322,009
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 308,799,109 0 331,080,626 308,799,109
Less Total Deductions 128,110,704 0 129,555,926 128,110,704
Total Taxable Value 180,688,405 0 201,524,700 180,688,405

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 200,391,042 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 180,688,405 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 200,391,042 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 180,688,405 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 235,764,128 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 245,668,362 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 190,473,815 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 252,482,599 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 190,873,439 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 200,391,042 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 180,688,405 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 200,391,042 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 180,688,405 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 235,764,128 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 245,668,362 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 190,473,815 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 252,482,599 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 190,873,439 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,702,637 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 35,373,086 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 9,904,234 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 6,814,237 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 10,185,034 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD.


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234-905-02/Martins Mill ISD



Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 90,294,167 0.9793 92,202,764 90,294,167
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 3,914,958 N/A 3,914,958 3,914,958
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,887,330 1.0845 6,350,750 6,887,330
D2 - FARM & RANCH IMP 2,751,120 N/A 2,751,120 2,751,120
E - NON-AG LAND AND IMPROVEMENTS 177,472,855 0.8946 198,382,355 177,472,855
F1 - COMMERCIAL REAL 7,677,220 N/A 7,677,220 7,677,220
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 239,790 N/A 239,790 239,790
J - ALL UTILITIES 11,932,230 N/A 11,932,230 11,932,230
L1 - COMMERCIAL PERSONAL 1,140,580 N/A 1,140,580 1,140,580
L2 - INDUSTRIAL PERSONAL 166,850 N/A 166,850 166,850
M1 - MOBILE HOMES 6,322,009 N/A 6,322,009 6,322,009
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 308,799,109 331,080,626 308,799,109
Less Total Deductions 128,110,704 129,555,926 128,110,704
Total Taxable Value 180,688,405 201,524,700 180,688,405

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 200,391,042 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 180,688,405 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 200,391,042 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 180,688,405 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 235,764,128 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 245,668,362 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 190,473,815 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 252,482,599 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 190,873,439 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 200,391,042 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 180,688,405 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 200,391,042 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 180,688,405 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 235,764,128 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 245,668,362 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 190,473,815 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 252,482,599 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 190,873,439 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,702,637 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 35,373,086 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 9,904,234 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 6,814,237 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 10,185,034 Loss to the increase in the Over-65/Disabled Homestead

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