taxes Property Tax Assistance

2022 ISD Summary Worksheet

175-Navarro/Navarro County

175-907/Kerens ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	234,527,471	0.9022	259,950,644	234,527,471
B - MULTIFAMILY	733,870	N/A	733,870	733,870
C1 - VACANT LOTS	45,534,172	0.9384	48,523,201	45,534,172
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	15,090,429	1.0385	14,531,533	15,090,429
D2 - FARM & RANCH IMP	2,311,693	N/A	2,311,693	2,311,693
E - NON-AG LAND AND IMPROVEMENTS	126,075,693	1.0236	123,168,907	126,075,693
F1 - COMMERCIAL REAL	17,030,030	N/A	17,030,030	17,030,030
F2 - INDUSTRIAL REAL	37,077,710	N/A	37,077,710	37,077,710
G - ALL MINERALS	5,188,130	N/A	5,188,130	5,188,130
J - ALL UTILITIES	115,088,520	0.9367	122,865,934	115,088,520
L1 - COMMERCIAL PERSONAL	3,368,480	N/A	3,368,480	3,368,480
L2 - INDUSTRIAL PERSONAL	37,165,850	N/A	37,165,850	37,165,850
M1 - MOBILE HOMES	5,245,300	N/A	5,245,300	5,245,300
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	67,550	N/A	67,550	67,550
Subtotal	644,504,898	0	677,228,832	644,504,898
Less Total Deductions	92,835,416	0	104,077,365	92,835,416
Total Taxable Value	551,669,482	0	573,151,467	551,669,482

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
563,042,449	551,669,482	563,042,449	551,669,482	572,842,449

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
11,372,967	0	9,800,000

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
563,042,449	551,669,482	563,042,449	551,669,482	572,842,449

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

175-907-02/Kerens ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	234,527,471	0.9022	259,950,644	234,527,471
B - MULTIFAMILY	733,870	N/A	733,870	733,870
C1 - VACANT LOTS	45,534,172	0.9384	48,523,201	45,534,172
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	15,090,429	1.0385	14,531,533	15,090,429
D2 - FARM & RANCH IMP	2,311,693	N/A	2,311,693	2,311,693
E - NON-AG LAND AND IMPROVEMENTS	126,075,693	1.0236	123,168,907	126,075,693
F1 - COMMERCIAL REAL	17,030,030	N/A	17,030,030	17,030,030
F2 - INDUSTRIAL REAL	37,077,710	N/A	37,077,710	37,077,710
G - ALL MINERALS	5,188,130	N/A	5,188,130	5,188,130
J - ALL UTILITIES	115,088,520	0.9367	122,865,934	115,088,520
L1 - COMMERCIAL PERSONAL	3,368,480	N/A	3,368,480	3,368,480
L2 - INDUSTRIAL PERSONAL	37,165,850	N/A	37,165,850	37,165,850
M1 - MOBILE HOMES	5,245,300	N/A	5,245,300	5,245,300
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	67,550	N/A	67,550	67,550
Subtotal	644,504,898		677,228,832	644,504,898
Less Total Deductions	92,835,416		104,077,365	92,835,416
Total Taxable Value	551,669,482		573,151,467	551,669,482

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
563,042,449	551,669,482	563,042,449	551,669,482	572,842,449

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
11,372,967	0	9,800,000

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
563,042,449	551,669,482	563,042,449	551,669,482	572,842,449

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