taxes Property Tax Assistance

2021 ISD Summary Worksheet

093-Grimes /Grimes County

093-903/Iola ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	155,325,550	N/A	155,325,550	155,325,550
B - MULTIFAMILY	136,840	N/A	136,840	136,840
C1 - VACANT LOTS	17,064,900	N/A	17,064,900	17,064,900
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,418,598	N/A	5,418,598	5,418,598
D2 - FARM & RANCH IMP	8,858,781	N/A	8,858,781	8,858,781
E - NON-AG LAND AND IMPROVEMENTS	169,761,914	N/A	169,761,914	169,761,914
F1 - COMMERCIAL REAL	4,458,361	N/A	4,458,361	4,458,361
F2 - INDUSTRIAL REAL	3,784,880	N/A	3,784,880	3,784,880
G - ALL MINERALS	51,944,794	N/A	51,944,794	51,944,794
J - ALL UTILITIES	59,139,044	N/A	59,139,044	59,139,044
L1 - COMMERCIAL PERSONAL	5,713,774	N/A	5,713,774	5,713,774
L2 - INDUSTRIAL PERSONAL	904,254	N/A	904,254	904,254
M1 - MOBILE HOMES	10,524,550	N/A	10,524,550	10,524,550
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,218,176	N/A	1,218,176	1,218,176
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	494,254,416	0	494,254,416	494,254,416
Less Total Deductions	54,309,210	0	54,309,210	54,309,210
Total Taxable Value	439,945,206	0	439,945,206	439,945,206

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
447,899,832	439,945,206	447,899,832	439,945,206

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
7,954,626	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
447,899,832	439,945,206	447,899,832	439,945,206

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

093-903-02/Iola ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	155,325,550	N/A	155,325,550	155,325,550
B - MULTIFAMILY	136,840	N/A	136,840	136,840
C1 - VACANT LOTS	17,064,900	N/A	17,064,900	17,064,900
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,418,598	N/A	5,418,598	5,418,598
D2 - FARM & RANCH IMP	8,858,781	N/A	8,858,781	8,858,781
E - NON-AG LAND AND IMPROVEMENTS	169,761,914	N/A	169,761,914	169,761,914
F1 - COMMERCIAL REAL	4,458,361	N/A	4,458,361	4,458,361
F2 - INDUSTRIAL REAL	3,784,880	N/A	3,784,880	3,784,880
G - ALL MINERALS	51,944,794	N/A	51,944,794	51,944,794
J - ALL UTILITIES	59,139,044	N/A	59,139,044	59,139,044
L1 - COMMERCIAL PERSONAL	5,713,774	N/A	5,713,774	5,713,774
L2 - INDUSTRIAL PERSONAL	904,254	N/A	904,254	904,254
M1 - MOBILE HOMES	10,524,550	N/A	10,524,550	10,524,550
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,218,176	N/A	1,218,176	1,218,176
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	494,254,416		494,254,416	494,254,416
Less Total Deductions	54,309,210		54,309,210	54,309,210
Total Taxable Value	439,945,206		439,945,206	439,945,206

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
447,899,832	439,945,206	447,899,832	439,945,206

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
7,954,626	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
447,899,832	439,945,206	447,899,832	439,945,206

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