taxes Property Tax Assistance

2018 ISD Summary Worksheet

037/Cherokee

037-908/New Summerfield ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 20,419,154 N/A 20,419,154 20,419,154
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,353,470 N/A 1,353,470 1,353,470
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,312,828 N/A 3,312,828 3,312,828
D2. Real Prop Farm & Ranch 873,870 N/A 873,870 873,870
E. Real Prop NonQual Acres 27,893,360 N/A 27,893,360 27,893,360
F1. Commercial Real 2,587,660 N/A 2,587,660 2,587,660
F2. Industrial Real 4,790,820 N/A 4,790,820 4,790,820
G. Oil, Gas, Minerals 56,180 N/A 56,180 56,180
J. Utilities 13,252,970 N/A 13,252,970 13,252,970
L1. Commercial Personal 3,718,313 N/A 3,718,313 3,718,313
L2. Industrial Personal 724,670 N/A 724,670 724,670
M. Other Personal 1,450,150 N/A 1,450,150 1,450,150
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 12,250 N/A 12,250 12,250
Subtotal 80,445,695 80,445,695 80,445,695
Less Total Deductions 13,105,486   13,105,486 13,105,486
Total Taxable Value 67,340,209 67,340,209 67,340,209 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
69,769,620 67,340,209 69,769,620 67,340,209


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,429,411 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
69,769,620 67,340,209 69,769,620 67,340,209

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