taxes Property Tax Assistance

2016 ISD Summary Worksheet

037/Cherokee

037-908/New Summerfield ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 17,192,560 .9989 17,211,493 17,192,560
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,335,960 N/A 1,335,960 1,335,960
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,153,528 .9803 3,216,923 3,153,528
D2. Real Prop Farm & Ranch 732,260 N/A 732,260 732,260
E. Real Prop NonQual Acres 24,496,140 1.0362 23,640,359 24,496,140
F1. Commercial Real 2,580,790 N/A 2,580,790 2,580,790
F2. Industrial Real 4,772,960 N/A 4,772,960 4,772,960
G. Oil, Gas, Minerals 56,630 N/A 56,630 56,630
J. Utilities 16,031,760 .8610 18,619,930 16,031,760
L1. Commercial Personal 4,179,000 N/A 4,179,000 4,179,000
L2. Industrial Personal 1,015,110 N/A 1,015,110 1,015,110
M. Other Personal 1,340,470 N/A 1,340,470 1,340,470
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 47,610 N/A 47,610 47,610
Subtotal 76,934,778 78,749,495 76,934,778
Less Total Deductions 12,534,293   12,544,629 12,534,293
Total Taxable Value 64,400,485 66,204,866 64,400,485 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
66,710,155 64,400,485 66,710,155 64,400,485


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,309,670 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
66,710,155 64,400,485 66,710,155 64,400,485

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

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