taxes Property Tax Assistance

2021 ISD Summary Worksheet

083-Gaines /Gaines County

083-903/Seminole ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	279,080,609	0.8726	319,826,506	279,080,609
B - MULTIFAMILY	5,587,423	N/A	5,587,423	5,587,423
C1 - VACANT LOTS	66,084,132	N/A	66,084,132	66,084,132
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	49,203,589	1.1771	41,799,023	49,203,589
D2 - FARM & RANCH IMP	3,413,730	N/A	3,413,730	3,413,730
E - NON-AG LAND AND IMPROVEMENTS	568,521,129	0.7858	723,493,419	568,521,129
F1 - COMMERCIAL REAL	146,564,061	N/A	146,564,061	146,564,061
F2 - INDUSTRIAL REAL	212,169,920	N/A	212,169,920	212,169,920
G - ALL MINERALS	1,293,199,093	0.9284	1,392,933,103	1,293,199,093
J - ALL UTILITIES	153,215,470	N/A	153,215,470	153,215,470
L1 - COMMERCIAL PERSONAL	56,951,360	N/A	56,951,360	56,951,360
L2 - INDUSTRIAL PERSONAL	212,186,770	N/A	212,186,770	212,186,770
M1 - MOBILE HOMES	64,693,720	N/A	64,693,720	64,693,720
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	5,349,010	N/A	5,349,010	5,349,010
Subtotal	3,116,220,016	0	3,404,267,647	3,116,220,016
Less Total Deductions	185,950,806	0	206,804,627	185,950,806
Total Taxable Value	2,930,269,210	0	3,197,463,020	2,930,269,210

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
2,957,011,597	2,930,269,210	2,957,011,597	2,930,269,210

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
26,742,387	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
2,957,011,597	2,930,269,210	2,957,011,597	2,930,269,210

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

083-903-02/Seminole ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	279,080,609	0.8726	319,826,506	279,080,609
B - MULTIFAMILY	5,587,423	N/A	5,587,423	5,587,423
C1 - VACANT LOTS	66,084,132	N/A	66,084,132	66,084,132
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	49,203,589	1.1771	41,799,023	49,203,589
D2 - FARM & RANCH IMP	3,413,730	N/A	3,413,730	3,413,730
E - NON-AG LAND AND IMPROVEMENTS	568,521,129	0.7858	723,493,419	568,521,129
F1 - COMMERCIAL REAL	146,564,061	N/A	146,564,061	146,564,061
F2 - INDUSTRIAL REAL	212,169,920	N/A	212,169,920	212,169,920
G - ALL MINERALS	1,293,199,093	0.9284	1,392,933,103	1,293,199,093
J - ALL UTILITIES	153,215,470	N/A	153,215,470	153,215,470
L1 - COMMERCIAL PERSONAL	56,951,360	N/A	56,951,360	56,951,360
L2 - INDUSTRIAL PERSONAL	212,186,770	N/A	212,186,770	212,186,770
M1 - MOBILE HOMES	64,693,720	N/A	64,693,720	64,693,720
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	5,349,010	N/A	5,349,010	5,349,010
Subtotal	3,116,220,016		3,404,267,647	3,116,220,016
Less Total Deductions	185,950,806		206,804,627	185,950,806
Total Taxable Value	2,930,269,210		3,197,463,020	2,930,269,210

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
2,957,011,597	2,930,269,210	2,957,011,597	2,930,269,210

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
26,742,387	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
2,957,011,597	2,930,269,210	2,957,011,597	2,930,269,210

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