taxes Property Tax Assistance

2022 ISD Summary Worksheet

009-Bailey /Bailey County

185-902/Farwell ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	8,389	N/A	8,389	8,389
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	0	N/A	0	0
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,344,097	N/A	2,344,097	2,344,097
D2 - FARM & RANCH IMP	917,471	N/A	917,471	917,471
E - NON-AG LAND AND IMPROVEMENTS	4,721,112	N/A	4,721,112	4,721,112
F1 - COMMERCIAL REAL	0	N/A	0	0
F2 - INDUSTRIAL REAL	119,344	N/A	119,344	119,344
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	593,290	N/A	593,290	593,290
L1 - COMMERCIAL PERSONAL	743,245	N/A	743,245	743,245
L2 - INDUSTRIAL PERSONAL	0	N/A	0	0
M1 - MOBILE HOMES	118,071	N/A	118,071	118,071
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	9,565,019	0	9,565,019	9,565,019
Less Total Deductions	979,315	0	979,315	979,315
Total Taxable Value	8,585,704	0	8,585,704	8,585,704

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
8,816,218	8,585,704	8,816,218	8,585,704	9,026,218

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
230,514	0	210,000

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
8,816,218	8,585,704	8,816,218	8,585,704	9,026,218

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 TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

185-Parmer /Parmer County

185-902/Farwell ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	41,209,694	0.8473	48,636,485	48,636,485
B - MULTIFAMILY	1,607,746	N/A	1,607,746	1,607,746
C1 - VACANT LOTS	942,345	N/A	942,345	942,345
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,588,216	1.0475	11,063,181	11,063,181
D2 - FARM & RANCH IMP	3,552,364	N/A	3,552,364	3,552,364
E - NON-AG LAND AND IMPROVEMENTS	36,246,161	0.9480	38,234,347	38,234,347
F1 - COMMERCIAL REAL	6,942,783	N/A	6,942,783	6,942,783
F2 - INDUSTRIAL REAL	32,088,695	N/A	32,088,695	32,088,695
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	36,729,732	0.9054	40,567,409	40,567,409
L1 - COMMERCIAL PERSONAL	6,178,538	N/A	6,178,538	6,178,538
L2 - INDUSTRIAL PERSONAL	10,345,245	N/A	10,345,245	10,345,245
M1 - MOBILE HOMES	159,547	N/A	159,547	159,547
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	26,861	N/A	26,861	26,861
Subtotal	187,617,927	0	200,345,546	200,345,546
Less Total Deductions	23,136,142	0	26,606,220	26,606,220
Total Taxable Value	164,481,785	0	173,739,326	173,739,326

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
178,621,147	173,739,326	178,621,147	173,739,326	182,961,147

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
4,881,821	0	4,340,000

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
178,621,147	173,739,326	178,621,147	173,739,326	182,961,147

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

185-902-02/Farwell ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	41,218,083	0.8473	48,644,874	48,644,874
B - MULTIFAMILY	1,607,746	N/A	1,607,746	1,607,746
C1 - VACANT LOTS	942,345	N/A	942,345	942,345
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	13,932,313	1.0392	13,407,278	13,407,278
D2 - FARM & RANCH IMP	4,469,835	N/A	4,469,835	4,469,835
E - NON-AG LAND AND IMPROVEMENTS	40,967,273	0.9537	42,955,459	42,955,459
F1 - COMMERCIAL REAL	6,942,783	N/A	6,942,783	6,942,783
F2 - INDUSTRIAL REAL	32,208,039	N/A	32,208,039	32,208,039
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	37,323,022	0.9068	41,160,699	41,160,699
L1 - COMMERCIAL PERSONAL	6,921,783	N/A	6,921,783	6,921,783
L2 - INDUSTRIAL PERSONAL	10,345,245	N/A	10,345,245	10,345,245
M1 - MOBILE HOMES	277,618	N/A	277,618	277,618
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	26,861	N/A	26,861	26,861
Subtotal	197,182,946		209,910,565	209,910,565
Less Total Deductions	24,115,457		27,585,535	27,585,535
Total Taxable Value	173,067,489		182,325,030	182,325,030

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
187,437,365	182,325,030	187,437,365	182,325,030	191,987,365

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
5,112,335	0	4,550,000

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
187,437,365	182,325,030	187,437,365	182,325,030	191,987,365

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