taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

183/Panola

183-904/Gary ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 44,232,270 .9337 47,373,107 44,232,270
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,392,110 N/A 1,392,110 1,392,110
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,999,610 .9527 5,247,855 4,999,610
D2. Real Prop Farm & Ranch 3,032,910 N/A 3,032,910 3,032,910
E. Real Prop NonQual Acres 21,887,780 .9167 23,876,710 21,887,780
F1. Commercial Real 1,143,210 N/A 1,143,210 1,143,210
F2. Industrial Real 16,280 N/A 16,280 16,280
G. Oil, Gas, Minerals 162,417,690 1.0087 161,016,843 162,417,690
J. Utilities 35,152,110 1.2654 27,779,445 35,152,110
L1. Commercial Personal 1,588,740 N/A 1,588,740 1,588,740
L2. Industrial Personal 12,385,330 N/A 12,385,330 12,385,330
M. Other Personal 4,441,460 N/A 4,441,460 4,441,460
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 15,930 N/A 15,930 15,930
S. Special Inventory 0 N/A 0 0
Subtotal 292,705,430 289,309,930 292,705,430
Less Total Deductions 20,827,703   22,175,935 20,827,703
Total Taxable Value 271,877,727 267,133,995 271,877,727 T2

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 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 districts that have not entered into value limitation agreements, T1 through T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
276,806,157 271,877,727 272,360,012 267,431,582 272,208,037 267,761,892


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,928,430 4,446,145


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
276,806,157 271,877,727 272,360,012 267,431,582 272,208,037 267,761,892

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified