taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

091/Grayson

091-906/Sherman ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 1,013,132,411 .9336 1,085,188,958 1,013,132,411
B. Multi-Family Residences 142,773,601 .9243 154,466,733 142,773,601
C1. Vacant Lots 34,651,980 N/A 34,651,980 34,651,980
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,561,457 1.2066 2,122,871 2,561,457
D2. Real Prop Farm & Ranch 1,550,529 N/A 1,550,529 1,550,529
E. Real Prop NonQual Acres 50,298,029 N/A 50,298,029 50,298,029
F1. Commercial Real 605,033,221 .9739 621,247,788 605,033,221
F2. Industrial Real 440,208,429 N/A 440,208,429 440,208,429
G. Oil, Gas, Minerals 66,507,723 N/A 66,507,723 66,507,723
J. Utilities 70,356,293 N/A 70,356,293 70,356,293
L1. Commercial Personal 225,386,436 1.0419 216,322,522 225,386,436
L2. Industrial Personal 337,330,906 N/A 337,330,906 337,330,906
M. Other Personal 3,634,361 N/A 3,634,361 3,634,361
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 5,064,788 N/A 5,064,788 5,064,788
S. Special Inventory 18,283,742 N/A 18,283,742 18,283,742
Subtotal 3,016,773,906 3,107,235,652 3,016,773,906
Less Total Deductions 393,834,521   415,150,916 393,834,521
Total Taxable Value 2,622,939,385 2,692,084,736 2,622,939,385 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
2,696,651,532 2,622,939,385 2,696,651,532 2,622,939,385 2,624,965,913 2,624,965,913


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
73,712,147 0


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
2,696,651,532 2,622,939,385 2,696,651,532 2,622,939,385 2,624,965,913 2,624,965,913

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