taxes Property Tax Assistance

2017 ISD Summary Worksheet

091/Grayson

091-906/Sherman ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 1,316,220,897 N/A 1,316,220,897 1,316,220,897
B. Multi-Family Residences 182,555,171 N/A 182,555,171 182,555,171
C1. Vacant Lots 34,878,301 N/A 34,878,301 34,878,301
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,624,991 N/A 2,624,991 2,624,991
D2. Real Prop Farm & Ranch 1,837,951 N/A 1,837,951 1,837,951
E. Real Prop NonQual Acres 63,968,886 N/A 63,968,886 63,968,886
F1. Commercial Real 739,000,664 N/A 739,000,664 739,000,664
F2. Industrial Real 423,415,753 N/A 423,415,753 423,415,753
G. Oil, Gas, Minerals 31,340,120 N/A 31,340,120 31,340,120
J. Utilities 82,858,494 N/A 82,858,494 82,858,494
L1. Commercial Personal 227,772,934 N/A 227,772,934 227,772,934
L2. Industrial Personal 342,849,242 N/A 342,849,242 342,849,242
M. Other Personal 3,673,222 N/A 3,673,222 3,673,222
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 9,654,219 N/A 9,654,219 9,654,219
S. Special Inventory 22,702,753 N/A 22,702,753 22,702,753
Subtotal 3,485,353,598 3,485,353,598 3,485,353,598
Less Total Deductions 488,186,264   488,186,264 488,186,264
Total Taxable Value 2,997,167,334 2,997,167,334 2,997,167,334 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
3,065,628,265 2,997,167,334 3,065,628,265 2,997,167,334


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
68,460,931 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
3,065,628,265 2,997,167,334 3,065,628,265 2,997,167,334

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