taxes Property Tax Assistance

2022 ISD Summary Worksheet

001-Anderson /Anderson County

001-907/Palestine ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	595,382,175	0.9266	642,544,976	595,382,175
B - MULTIFAMILY	38,301,557	N/A	38,301,557	38,301,557
C1 - VACANT LOTS	14,491,145	N/A	14,491,145	14,491,145
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,176,829	1.0186	10,973,018	11,176,829
D2 - FARM & RANCH IMP	1,625,838	N/A	1,625,838	1,625,838
E - NON-AG LAND AND IMPROVEMENTS	403,768,944	0.9029	447,191,211	403,768,944
F1 - COMMERCIAL REAL	305,543,096	0.8894	343,538,448	305,543,096
F2 - INDUSTRIAL REAL	37,687,368	N/A	37,687,368	37,687,368
G - ALL MINERALS	2,004,566	N/A	2,004,566	2,004,566
J - ALL UTILITIES	77,715,350	N/A	77,715,350	77,715,350
L1 - COMMERCIAL PERSONAL	116,561,234	0.9390	124,133,370	116,561,234
L2 - INDUSTRIAL PERSONAL	64,044,176	N/A	64,044,176	64,044,176
M1 - MOBILE HOMES	17,511,596	N/A	17,511,596	17,511,596
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	143,551	N/A	143,551	143,551
S - SPECIAL INVENTORY	11,397,802	N/A	11,397,802	11,397,802
Subtotal	1,697,355,227	0	1,833,303,972	1,697,355,227
Less Total Deductions	340,944,965	0	370,545,881	340,944,965
Total Taxable Value	1,356,410,262	0	1,462,758,091	1,356,410,262

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
1,414,050,602	1,356,410,262	1,414,050,602	1,356,410,262	1,460,710,602

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
57,640,340	0	46,660,000

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
1,414,050,602	1,356,410,262	1,414,050,602	1,356,410,262	1,460,710,602

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

001-907-02/Palestine ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	595,382,175	0.9266	642,544,976	595,382,175
B - MULTIFAMILY	38,301,557	N/A	38,301,557	38,301,557
C1 - VACANT LOTS	14,491,145	N/A	14,491,145	14,491,145
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,176,829	1.0186	10,973,018	11,176,829
D2 - FARM & RANCH IMP	1,625,838	N/A	1,625,838	1,625,838
E - NON-AG LAND AND IMPROVEMENTS	403,768,944	0.9029	447,191,211	403,768,944
F1 - COMMERCIAL REAL	305,543,096	0.8894	343,538,448	305,543,096
F2 - INDUSTRIAL REAL	37,687,368	N/A	37,687,368	37,687,368
G - ALL MINERALS	2,004,566	N/A	2,004,566	2,004,566
J - ALL UTILITIES	77,715,350	N/A	77,715,350	77,715,350
L1 - COMMERCIAL PERSONAL	116,561,234	0.9390	124,133,370	116,561,234
L2 - INDUSTRIAL PERSONAL	64,044,176	N/A	64,044,176	64,044,176
M1 - MOBILE HOMES	17,511,596	N/A	17,511,596	17,511,596
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	143,551	N/A	143,551	143,551
S - SPECIAL INVENTORY	11,397,802	N/A	11,397,802	11,397,802
Subtotal	1,697,355,227		1,833,303,972	1,697,355,227
Less Total Deductions	340,944,965		370,545,881	340,944,965
Total Taxable Value	1,356,410,262		1,462,758,091	1,356,410,262

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
1,414,050,602	1,356,410,262	1,414,050,602	1,356,410,262	1,460,710,602

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
57,640,340	0	46,660,000

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
1,414,050,602	1,356,410,262	1,414,050,602	1,356,410,262	1,460,710,602

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