taxes Property Tax Assistance

2016 ISD Summary Worksheet

091/Grayson

091-906/Sherman ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 1,210,308,813 .9602 1,260,475,748 1,210,308,813
B. Multi-Family Residences 153,670,639 .8782 174,983,647 153,670,639
C1. Vacant Lots 33,834,785 N/A 33,834,785 33,834,785
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,625,748 1.2207 2,151,028 2,625,748
D2. Real Prop Farm & Ranch 1,440,496 N/A 1,440,496 1,440,496
E. Real Prop NonQual Acres 57,672,247 N/A 57,672,247 57,672,247
F1. Commercial Real 717,371,221 .9583 748,587,312 717,371,221
F2. Industrial Real 449,460,354 N/A 449,460,354 449,460,354
G. Oil, Gas, Minerals 25,249,793 N/A 25,249,793 25,249,793
J. Utilities 82,469,235 N/A 82,469,235 82,469,235
L1. Commercial Personal 221,437,369 1.0060 220,116,669 221,437,369
L2. Industrial Personal 333,763,914 N/A 333,763,914 333,763,914
M. Other Personal 3,414,038 N/A 3,414,038 3,414,038
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 4,631,490 N/A 4,631,490 4,631,490
S. Special Inventory 21,374,834 N/A 21,374,834 21,374,834
Subtotal 3,318,724,976 3,419,625,590 3,318,724,976
Less Total Deductions 473,657,175   490,101,010 473,657,175
Total Taxable Value 2,845,067,801 2,929,524,580 2,845,067,801 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
2,913,634,730 2,845,067,801 2,913,634,730 2,845,067,801


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
68,566,929 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
2,913,634,730 2,845,067,801 2,913,634,730 2,845,067,801

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