taxes Property Tax Assistance

2023 ISD Summary Worksheet

Sulphur Springs ISD (all splits)   Hopkins County  

112-Hopkins/Hopkins County

112-901/Sulphur Springs ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 980,872,705 0.7831 1,252,551,022 1,252,551,022
B - MULTIFAMILY 38,253,290 N/A 38,253,290 38,253,290
C1 - VACANT LOTS 20,932,890 N/A 20,932,890 20,932,890
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 17,702,950 1.2652 13,992,707 13,992,707
D2 - FARM & RANCH IMP 8,559,880 N/A 8,559,880 8,559,880
E - NON-AG LAND AND IMPROVEMENTS 457,701,842 0.8232 556,003,209 556,003,209
F1 - COMMERCIAL REAL 340,079,771 0.9846 345,398,914 345,398,914
F2 - INDUSTRIAL REAL 77,169,900 N/A 77,169,900 77,169,900
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 76,747,841 N/A 76,747,841 76,747,841
L1 - COMMERCIAL PERSONAL 173,083,403 0.9658 179,212,469 179,212,469
L2 - INDUSTRIAL PERSONAL 322,637,712 N/A 322,637,712 322,637,712
M1 - MOBILE HOMES 18,167,880 N/A 18,167,880 18,167,880
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 521,380 N/A 521,380 521,380
S - SPECIAL INVENTORY 13,883,585 N/A 13,883,585 13,883,585
Subtotal 2,546,315,029 0 2,924,032,679 2,924,032,679
Less Total Deductions 763,051,828 0 894,833,951 894,833,951
Total Taxable Value 1,783,263,201 0 2,029,198,728 2,029,198,728

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 2,274,684,063 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 2,029,198,728 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 2,274,684,063 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 2,029,198,728 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 2,356,359,063 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 2,410,809,063 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 2,110,572,845 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 2,317,735,314 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 2,072,249,979 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 2,317,735,314 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 2,072,249,979 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 2,399,410,314 T13 plus the loss to the chapter 313 agreement
T16 2,453,860,314 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 2,153,624,096 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 245,485,335 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 81,675,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 54,450,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE THE VALUES FOR YOUR SCHOOL DISTRICT ARE BELOW THE 90% CUTOFF AND YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE


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112-901-02/Sulphur Springs ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 980,872,705 0.7831 1,252,551,022 1,252,551,022
B - MULTIFAMILY 38,253,290 N/A 38,253,290 38,253,290
C1 - VACANT LOTS 20,932,890 N/A 20,932,890 20,932,890
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 17,702,950 1.2652 13,992,707 13,992,707
D2 - FARM & RANCH IMP 8,559,880 N/A 8,559,880 8,559,880
E - NON-AG LAND AND IMPROVEMENTS 457,701,842 0.8232 556,003,209 556,003,209
F1 - COMMERCIAL REAL 340,079,771 0.9846 345,398,914 345,398,914
F2 - INDUSTRIAL REAL 77,169,900 N/A 77,169,900 77,169,900
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 76,747,841 N/A 76,747,841 76,747,841
L1 - COMMERCIAL PERSONAL 173,083,403 0.9658 179,212,469 179,212,469
L2 - INDUSTRIAL PERSONAL 322,637,712 N/A 322,637,712 322,637,712
M1 - MOBILE HOMES 18,167,880 N/A 18,167,880 18,167,880
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 521,380 N/A 521,380 521,380
S - SPECIAL INVENTORY 13,883,585 N/A 13,883,585 13,883,585
Subtotal 2,546,315,029 2,924,032,679 2,924,032,679
Less Total Deductions 763,051,828 894,833,951 894,833,951
Total Taxable Value 1,783,263,201 2,029,198,728 2,029,198,728

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 2,274,684,063 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 2,029,198,728 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 2,274,684,063 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 2,029,198,728 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 2,356,359,063 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 2,410,809,063 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 2,110,572,845 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 2,317,735,314 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 2,072,249,979 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 2,317,735,314 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 2,072,249,979 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 2,399,410,314 T13 plus the loss to the chapter 313 agreement
T16 2,453,860,314 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 2,153,624,096 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 245,485,335 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 81,675,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 54,450,000 Loss to Second Previous Homestead Increase

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