taxes Property Tax Assistance

2023 ISD Summary Worksheet

Itasca ISD (all splits)   Hill County  

109-Hill/Hill County

109-907/Itasca ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 118,190,081 N/A 118,190,081 118,190,081
B - MULTIFAMILY 1,660,840 N/A 1,660,840 1,660,840
C1 - VACANT LOTS 17,044,980 N/A 17,044,980 17,044,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,523,720 N/A 11,523,720 11,523,720
D2 - FARM & RANCH IMP 11,976,550 N/A 11,976,550 11,976,550
E - NON-AG LAND AND IMPROVEMENTS 177,635,980 N/A 177,635,980 177,635,980
F1 - COMMERCIAL REAL 24,472,690 N/A 24,472,690 24,472,690
F2 - INDUSTRIAL REAL 155,179,580 N/A 155,179,580 155,179,580
G - ALL MINERALS 10,203,672 N/A 10,203,672 10,203,672
J - ALL UTILITIES 51,208,080 N/A 51,208,080 51,208,080
L1 - COMMERCIAL PERSONAL 19,760,100 N/A 19,760,100 19,760,100
L2 - INDUSTRIAL PERSONAL 18,917,680 N/A 18,917,680 18,917,680
M1 - MOBILE HOMES 2,913,400 N/A 2,913,400 2,913,400
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 1,434,170 N/A 1,434,170 1,434,170
Subtotal 622,121,523 0 622,121,523 622,121,523
Less Total Deductions 251,408,737 0 251,408,737 251,408,737
Total Taxable Value 370,712,786 0 370,712,786 370,712,786

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

Measure Value Description
T1 412,047,003 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 370,712,786 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 412,047,003 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 370,712,786 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 426,492,003 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 436,122,003 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 380,499,479 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 541,111,183 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 499,776,966 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 541,111,183 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 499,776,966 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 555,556,183 T13 plus the loss to the chapter 313 agreement
T16 565,186,183 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 509,563,659 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 41,334,217 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 14,445,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 9,630,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED


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109-907-02/Itasca ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 118,190,081 N/A 118,190,081 118,190,081
B - MULTIFAMILY 1,660,840 N/A 1,660,840 1,660,840
C1 - VACANT LOTS 17,044,980 N/A 17,044,980 17,044,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,523,720 N/A 11,523,720 11,523,720
D2 - FARM & RANCH IMP 11,976,550 N/A 11,976,550 11,976,550
E - NON-AG LAND AND IMPROVEMENTS 177,635,980 N/A 177,635,980 177,635,980
F1 - COMMERCIAL REAL 24,472,690 N/A 24,472,690 24,472,690
F2 - INDUSTRIAL REAL 155,179,580 N/A 155,179,580 155,179,580
G - ALL MINERALS 10,203,672 N/A 10,203,672 10,203,672
J - ALL UTILITIES 51,208,080 N/A 51,208,080 51,208,080
L1 - COMMERCIAL PERSONAL 19,760,100 N/A 19,760,100 19,760,100
L2 - INDUSTRIAL PERSONAL 18,917,680 N/A 18,917,680 18,917,680
M1 - MOBILE HOMES 2,913,400 N/A 2,913,400 2,913,400
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 1,434,170 N/A 1,434,170 1,434,170
Subtotal 622,121,523 622,121,523 622,121,523
Less Total Deductions 251,408,737 251,408,737 251,408,737
Total Taxable Value 370,712,786 370,712,786 370,712,786

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

Measure Value Description
T1 412,047,003 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 370,712,786 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 412,047,003 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 370,712,786 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 426,492,003 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 436,122,003 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 380,499,479 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 541,111,183 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 499,776,966 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 541,111,183 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 499,776,966 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 555,556,183 T13 plus the loss to the chapter 313 agreement
T16 565,186,183 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 509,563,659 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 41,334,217 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 14,445,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 9,630,000 Loss to Second Previous Homestead Increase

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