taxes Property Tax Assistance

2023 ISD Summary Worksheet

Latexo ISD (all splits)   Houston County  

113-Houston/Houston County

113-905/Latexo ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 114,912,090 0.8850 129,844,169 129,844,169
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 4,587,820 N/A 4,587,820 4,587,820
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 8,396,110 0.9817 8,552,729 8,552,729
D2 - FARM & RANCH IMP 5,787,620 N/A 5,787,620 5,787,620
E - NON-AG LAND AND IMPROVEMENTS 67,370,910 0.8455 79,681,739 79,681,739
F1 - COMMERCIAL REAL 5,496,580 N/A 5,496,580 5,496,580
F2 - INDUSTRIAL REAL 5,438,040 N/A 5,438,040 5,438,040
G - ALL MINERALS 42,090 N/A 42,090 42,090
J - ALL UTILITIES 74,922,990 0.9481 79,024,354 79,024,354
L1 - COMMERCIAL PERSONAL 1,819,730 N/A 1,819,730 1,819,730
L2 - INDUSTRIAL PERSONAL 30,333,720 N/A 30,333,720 30,333,720
M1 - MOBILE HOMES 6,983,670 N/A 6,983,670 6,983,670
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 15,480 N/A 15,480 15,480
Subtotal 326,106,850 0 357,607,741 357,607,741
Less Total Deductions 83,951,935 0 90,539,645 90,539,645
Total Taxable Value 242,154,915 0 267,068,096 267,068,096

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 294,076,732 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 267,068,096 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 294,076,732 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 267,068,096 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 304,426,732 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 311,326,732 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 276,765,875 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 294,076,732 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 267,068,096 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 294,076,732 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 267,068,096 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 304,426,732 T13 plus the loss to the chapter 313 agreement
T16 311,326,732 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 276,765,875 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 27,008,636 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 10,350,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,900,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE


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113-905-02/Latexo ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 114,912,090 0.8850 129,844,169 129,844,169
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 4,587,820 N/A 4,587,820 4,587,820
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 8,396,110 0.9817 8,552,729 8,552,729
D2 - FARM & RANCH IMP 5,787,620 N/A 5,787,620 5,787,620
E - NON-AG LAND AND IMPROVEMENTS 67,370,910 0.8455 79,681,739 79,681,739
F1 - COMMERCIAL REAL 5,496,580 N/A 5,496,580 5,496,580
F2 - INDUSTRIAL REAL 5,438,040 N/A 5,438,040 5,438,040
G - ALL MINERALS 42,090 N/A 42,090 42,090
J - ALL UTILITIES 74,922,990 0.9481 79,024,354 79,024,354
L1 - COMMERCIAL PERSONAL 1,819,730 N/A 1,819,730 1,819,730
L2 - INDUSTRIAL PERSONAL 30,333,720 N/A 30,333,720 30,333,720
M1 - MOBILE HOMES 6,983,670 N/A 6,983,670 6,983,670
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 15,480 N/A 15,480 15,480
Subtotal 326,106,850 357,607,741 357,607,741
Less Total Deductions 83,951,935 90,539,645 90,539,645
Total Taxable Value 242,154,915 267,068,096 267,068,096

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 294,076,732 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 267,068,096 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 294,076,732 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 267,068,096 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 304,426,732 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 311,326,732 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 276,765,875 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 294,076,732 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 267,068,096 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 294,076,732 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 267,068,096 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 304,426,732 T13 plus the loss to the chapter 313 agreement
T16 311,326,732 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 276,765,875 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 27,008,636 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 10,350,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,900,000 Loss to Second Previous Homestead Increase

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