taxes Property Tax Assistance

2021 ISD Summary Worksheet

074-Fannin /Fannin County

074-907/Honey Grove ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	108,873,088	0.9247	117,738,821	108,873,088
B - MULTIFAMILY	1,562,540	N/A	1,562,540	1,562,540
C1 - VACANT LOTS	4,086,431	N/A	4,086,431	4,086,431
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	10,722,218	1.0978	9,767,060	10,722,218
D2 - FARM & RANCH IMP	7,226,853	N/A	7,226,853	7,226,853
E - NON-AG LAND AND IMPROVEMENTS	102,924,414	0.9478	108,592,967	102,924,414
F1 - COMMERCIAL REAL	17,742,065	0.8103	21,895,674	17,742,065
F2 - INDUSTRIAL REAL	2,381,423	N/A	2,381,423	2,381,423
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	39,222,650	1.0833	36,206,637	39,222,650
L1 - COMMERCIAL PERSONAL	24,849,120	0.9910	25,074,793	24,849,120
L2 - INDUSTRIAL PERSONAL	9,820,150	N/A	9,820,150	9,820,150
M1 - MOBILE HOMES	962,180	N/A	962,180	962,180
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	61,590	N/A	61,590	61,590
Subtotal	330,434,722	0	345,377,119	330,434,722
Less Total Deductions	56,995,284	0	62,344,059	56,995,284
Total Taxable Value	273,439,438	0	283,033,060	273,439,438

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
280,907,960	273,439,438	280,907,960	273,439,438

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
7,468,522	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
280,907,960	273,439,438	280,907,960	273,439,438

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

139-Lamar /Lamar County

074-907/Honey Grove ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	25,940	N/A	25,940	25,940
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	10,290	N/A	10,290	10,290
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	359,940	N/A	359,940	359,940
D2 - FARM & RANCH IMP	230,520	N/A	230,520	230,520
E - NON-AG LAND AND IMPROVEMENTS	1,965,150	N/A	1,965,150	1,965,150
F1 - COMMERCIAL REAL	0	N/A	0	0
F2 - INDUSTRIAL REAL	0	N/A	0	0
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	4,291,370	N/A	4,291,370	4,291,370
L1 - COMMERCIAL PERSONAL	5,680	N/A	5,680	5,680
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	0	N/A	0	0
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	6,888,890	0	6,888,890	6,888,890
Less Total Deductions	428,302	0	428,302	428,302
Total Taxable Value	6,460,588	0	6,460,588	6,460,588

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
6,531,863	6,460,588	6,531,863	6,460,588

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
71,275	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
6,531,863	6,460,588	6,531,863	6,460,588

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

074-907-02/Honey Grove ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	108,899,028	0.9247	117,764,761	108,899,028
B - MULTIFAMILY	1,562,540	N/A	1,562,540	1,562,540
C1 - VACANT LOTS	4,096,721	N/A	4,096,721	4,096,721
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,082,158	1.0943	10,127,000	11,082,158
D2 - FARM & RANCH IMP	7,457,373	N/A	7,457,373	7,457,373
E - NON-AG LAND AND IMPROVEMENTS	104,889,564	0.9487	110,558,117	104,889,564
F1 - COMMERCIAL REAL	17,742,065	0.8103	21,895,674	17,742,065
F2 - INDUSTRIAL REAL	2,381,423	N/A	2,381,423	2,381,423
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	43,514,020	1.0745	40,498,007	43,514,020
L1 - COMMERCIAL PERSONAL	24,854,800	0.9910	25,080,473	24,854,800
L2 - INDUSTRIAL PERSONAL	9,820,150	N/A	9,820,150	9,820,150
M1 - MOBILE HOMES	962,180	N/A	962,180	962,180
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	61,590	N/A	61,590	61,590
Subtotal	337,323,612		352,266,009	337,323,612
Less Total Deductions	57,423,586		62,772,361	57,423,586
Total Taxable Value	279,900,026		289,493,648	279,900,026

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
287,439,823	279,900,026	287,439,823	279,900,026

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
7,539,797	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
287,439,823	279,900,026	287,439,823	279,900,026

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