taxes Property Tax Assistance

2022 ISD Summary Worksheet

077-Floyd/Floyd County

077-901/Floydada ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	51,246,450	0.8075	63,463,096	51,246,450
B - MULTIFAMILY	258,130	N/A	258,130	258,130
C1 - VACANT LOTS	695,031	N/A	695,031	695,031
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	41,025,830	1.0485	39,129,927	41,025,830
D2 - FARM & RANCH IMP	2,389,230	N/A	2,389,230	2,389,230
E - NON-AG LAND AND IMPROVEMENTS	25,626,491	0.7992	32,065,179	25,626,491
F1 - COMMERCIAL REAL	7,984,440	N/A	7,984,440	7,984,440
F2 - INDUSTRIAL REAL	399,919,770	N/A	399,919,770	399,919,770
G - ALL MINERALS	26,730	N/A	26,730	26,730
J - ALL UTILITIES	105,580,800	0.9373	112,643,551	105,580,800
L1 - COMMERCIAL PERSONAL	9,255,690	N/A	9,255,690	9,255,690
L2 - INDUSTRIAL PERSONAL	4,450,470	N/A	4,450,470	4,450,470
M1 - MOBILE HOMES	78,360	N/A	78,360	78,360
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	1,000,587	N/A	1,000,587	1,000,587
Subtotal	649,538,009	0	673,360,191	649,538,009
Less Total Deductions	347,795,256	0	353,904,181	347,795,256
Total Taxable Value	301,742,753	0	319,456,010	301,742,753

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	T13
307,676,443	301,742,753	307,676,443	301,742,753	317,106,443

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
5,933,690	0	9,430,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
618,963,503	613,029,813	618,963,503	613,029,813	628,393,503

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

077-901-02/Floydada ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	51,246,450	0.8075	63,463,096	51,246,450
B - MULTIFAMILY	258,130	N/A	258,130	258,130
C1 - VACANT LOTS	695,031	N/A	695,031	695,031
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	41,025,830	1.0485	39,129,927	41,025,830
D2 - FARM & RANCH IMP	2,389,230	N/A	2,389,230	2,389,230
E - NON-AG LAND AND IMPROVEMENTS	25,626,491	0.7992	32,065,179	25,626,491
F1 - COMMERCIAL REAL	7,984,440	N/A	7,984,440	7,984,440
F2 - INDUSTRIAL REAL	399,919,770	N/A	399,919,770	399,919,770
G - ALL MINERALS	26,730	N/A	26,730	26,730
J - ALL UTILITIES	105,580,800	0.9373	112,643,551	105,580,800
L1 - COMMERCIAL PERSONAL	9,255,690	N/A	9,255,690	9,255,690
L2 - INDUSTRIAL PERSONAL	4,450,470	N/A	4,450,470	4,450,470
M1 - MOBILE HOMES	78,360	N/A	78,360	78,360
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	1,000,587	N/A	1,000,587	1,000,587
Subtotal	649,538,009		673,360,191	649,538,009
Less Total Deductions	347,795,256		353,904,181	347,795,256
Total Taxable Value	301,742,753		319,456,010	301,742,753

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	T13
307,676,443	301,742,753	307,676,443	301,742,753	317,106,443

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
5,933,690	0	9,430,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
618,963,503	613,029,813	618,963,503	613,029,813	628,393,503

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement