taxes Property Tax Assistance

2021 ISD Summary Worksheet

222-Terrell /Terrell County

222-901/Terrell County ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	24,113,978	0.8885	27,140,099	24,113,978
B - MULTIFAMILY	368,379	N/A	368,379	368,379
C1 - VACANT LOTS	1,169,576	N/A	1,169,576	1,169,576
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	15,686,775	0.9139	17,163,765	15,686,775
D2 - FARM & RANCH IMP	1,555,606	N/A	1,555,606	1,555,606
E - NON-AG LAND AND IMPROVEMENTS	9,849,830	0.6356	15,496,901	9,849,830
F1 - COMMERCIAL REAL	2,330,018	N/A	2,330,018	2,330,018
F2 - INDUSTRIAL REAL	1,941,610	N/A	1,941,610	1,941,610
G - ALL MINERALS	24,482,193	0.9928	24,659,743	24,482,193
J - ALL UTILITIES	116,464,910	0.9723	119,782,896	116,464,910
L1 - COMMERCIAL PERSONAL	989,290	N/A	989,290	989,290
L2 - INDUSTRIAL PERSONAL	5,838,350	N/A	5,838,350	5,838,350
M1 - MOBILE HOMES	323,079	N/A	323,079	323,079
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	75,389	N/A	75,389	75,389
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	205,188,983	0	218,834,701	205,188,983
Less Total Deductions	9,793,599	0	10,671,769	9,793,599
Total Taxable Value	195,395,384	0	208,162,932	195,395,384

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
197,477,151	195,395,384	196,253,252	194,171,485

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
2,081,767	1,223,899

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
197,477,151	195,395,384	196,253,252	194,171,485

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 TWO OF THE GRACE PERIOD

222-901-02/Terrell County ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	24,113,978	0.8885	27,140,099	24,113,978
B - MULTIFAMILY	368,379	N/A	368,379	368,379
C1 - VACANT LOTS	1,169,576	N/A	1,169,576	1,169,576
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	15,686,775	0.9139	17,163,765	15,686,775
D2 - FARM & RANCH IMP	1,555,606	N/A	1,555,606	1,555,606
E - NON-AG LAND AND IMPROVEMENTS	9,849,830	0.6356	15,496,901	9,849,830
F1 - COMMERCIAL REAL	2,330,018	N/A	2,330,018	2,330,018
F2 - INDUSTRIAL REAL	1,941,610	N/A	1,941,610	1,941,610
G - ALL MINERALS	24,482,193	0.9928	24,659,743	24,482,193
J - ALL UTILITIES	116,464,910	0.9723	119,782,896	116,464,910
L1 - COMMERCIAL PERSONAL	989,290	N/A	989,290	989,290
L2 - INDUSTRIAL PERSONAL	5,838,350	N/A	5,838,350	5,838,350
M1 - MOBILE HOMES	323,079	N/A	323,079	323,079
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	75,389	N/A	75,389	75,389
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	205,188,983		218,834,701	205,188,983
Less Total Deductions	9,793,599		10,671,769	9,793,599
Total Taxable Value	195,395,384		208,162,932	195,395,384

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
197,477,151	195,395,384	196,253,252	194,171,485

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
2,081,767	1,223,899

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
197,477,151	195,395,384	196,253,252	194,171,485

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