taxes Property Tax Assistance

2018 ISD Summary Worksheet

091/Grayson

091-906/Sherman ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 1,465,204,774 .9620 1,523,081,886 1,465,204,774
B. Multi-Family Residences 203,710,709 .7860 259,173,930 203,710,709
C1. Vacant Lots 37,450,370 N/A 37,450,370 37,450,370
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,477,524 1.4204 1,744,258 2,477,524
D2. Real Prop Farm & Ranch 1,976,339 N/A 1,976,339 1,976,339
E. Real Prop NonQual Acres 71,581,402 N/A 71,581,402 71,581,402
F1. Commercial Real 740,740,143 .9709 762,941,748 740,740,143
F2. Industrial Real 394,735,656 N/A 394,735,656 394,735,656
G. Oil, Gas, Minerals 29,983,827 N/A 29,983,827 29,983,827
J. Utilities 88,105,732 N/A 88,105,732 88,105,732
L1. Commercial Personal 237,612,777 1.0321 230,222,631 237,612,777
L2. Industrial Personal 346,070,493 N/A 346,070,493 346,070,493
M. Other Personal 3,934,009 N/A 3,934,009 3,934,009
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 10,272,895 N/A 10,272,895 10,272,895
S. Special Inventory 22,953,247 N/A 22,953,247 22,953,247
Subtotal 3,656,809,897 3,784,228,423 3,656,809,897
Less Total Deductions 537,039,370   555,721,948 537,039,370
Total Taxable Value 3,119,770,527 3,228,506,475 3,119,770,527 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
3,187,216,126 3,119,770,527 3,187,216,126 3,119,770,527


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
67,445,599 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
3,187,216,126 3,119,770,527 3,187,216,126 3,119,770,527

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