taxes Property Tax Assistance

2022 ISD Summary Worksheet

035-Castro /Castro County

035-902/Hart ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	17,277,400	0.8276	20,876,510	17,277,400
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	141,880	N/A	141,880	141,880
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	25,559,050	2.2935	11,144,040	25,559,050
D2 - FARM & RANCH IMP	2,257,680	0.9758	2,313,671	2,257,680
E - NON-AG LAND AND IMPROVEMENTS	6,328,240	0.9197	6,880,765	6,328,240
F1 - COMMERCIAL REAL	1,693,820	N/A	1,693,820	1,693,820
F2 - INDUSTRIAL REAL	28,604,050	N/A	28,604,050	28,604,050
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	28,016,930	0.8911	31,440,837	28,016,930
L1 - COMMERCIAL PERSONAL	2,153,760	N/A	2,153,760	2,153,760
L2 - INDUSTRIAL PERSONAL	2,860,970	N/A	2,860,970	2,860,970
M1 - MOBILE HOMES	335,660	N/A	335,660	335,660
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	115,229,440	0	108,445,963	115,229,440
Less Total Deductions	7,609,334	0	8,214,103	7,609,334
Total Taxable Value	107,620,106	0	100,231,860	107,620,106

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
108,945,416	107,620,106	108,945,416	107,620,106	110,925,416

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
1,325,310	0	1,980,000

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
108,945,416	107,620,106	108,945,416	107,620,106	110,925,416

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 LOCAL VALUE IS GREATER THAN PTAD VALUE

035-902-02/Hart ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	17,277,400	0.8276	20,876,510	17,277,400
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	141,880	N/A	141,880	141,880
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	25,559,050	2.2935	11,144,040	25,559,050
D2 - FARM & RANCH IMP	2,257,680	0.9758	2,313,671	2,257,680
E - NON-AG LAND AND IMPROVEMENTS	6,328,240	0.9197	6,880,765	6,328,240
F1 - COMMERCIAL REAL	1,693,820	N/A	1,693,820	1,693,820
F2 - INDUSTRIAL REAL	28,604,050	N/A	28,604,050	28,604,050
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	28,016,930	0.8911	31,440,837	28,016,930
L1 - COMMERCIAL PERSONAL	2,153,760	N/A	2,153,760	2,153,760
L2 - INDUSTRIAL PERSONAL	2,860,970	N/A	2,860,970	2,860,970
M1 - MOBILE HOMES	335,660	N/A	335,660	335,660
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	115,229,440		108,445,963	115,229,440
Less Total Deductions	7,609,334		8,214,103	7,609,334
Total Taxable Value	107,620,106		100,231,860	107,620,106

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
108,945,416	107,620,106	108,945,416	107,620,106	110,925,416

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
1,325,310	0	1,980,000

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
108,945,416	107,620,106	108,945,416	107,620,106	110,925,416

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