taxes Property Tax Assistance

2023 ISD Summary Worksheet

Lone Oak ISD (all splits)   Hunt County   Rains County  

116-Hunt/Hunt County

116-906/Lone Oak ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 222,749,917 0.9913 224,704,849 222,749,917
B - MULTIFAMILY 1,294,800 N/A 1,294,800 1,294,800
C1 - VACANT LOTS 23,025,210 N/A 23,025,210 23,025,210
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,697,820 0.8240 4,487,736 3,697,820
D2 - FARM & RANCH IMP 20,558,392 N/A 20,558,392 20,558,392
E - NON-AG LAND AND IMPROVEMENTS 370,400,476 0.9486 390,470,668 370,400,476
F1 - COMMERCIAL REAL 19,199,779 N/A 19,199,779 19,199,779
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 129,820 N/A 129,820 129,820
J - ALL UTILITIES 10,629,090 N/A 10,629,090 10,629,090
L1 - COMMERCIAL PERSONAL 6,651,525 N/A 6,651,525 6,651,525
L2 - INDUSTRIAL PERSONAL 123,953,130 N/A 123,953,130 123,953,130
M1 - MOBILE HOMES 7,584,163 N/A 7,584,163 7,584,163
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 131,700 N/A 131,700 131,700
S - SPECIAL INVENTORY 38,580 N/A 38,580 38,580
Subtotal 810,044,402 0 832,859,442 810,044,402
Less Total Deductions 259,484,499 0 261,133,966 259,484,499
Total Taxable Value 550,559,903 0 571,725,476 550,559,903

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 624,029,958 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 550,559,903 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 624,029,958 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 550,559,903 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 648,914,958 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 665,504,958 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 568,458,195 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 624,029,958 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 550,559,903 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 624,029,958 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 550,559,903 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 648,914,958 T13 plus the loss to the chapter 313 agreement
T16 665,504,958 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 568,458,195 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 73,470,055 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 24,885,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 16,590,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED


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190-Rains/Rains County

116-906/Lone Oak ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 3,939,241 N/A 3,939,241 3,939,241
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 193,392 N/A 193,392 193,392
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 300,504 N/A 300,504 300,504
D2 - FARM & RANCH IMP 209,705 N/A 209,705 209,705
E - NON-AG LAND AND IMPROVEMENTS 9,221,433 N/A 9,221,433 9,221,433
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 144,680 N/A 144,680 144,680
L1 - COMMERCIAL PERSONAL 3,850 N/A 3,850 3,850
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 0 N/A 0 0
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 14,012,805 0 14,012,805 14,012,805
Less Total Deductions 3,203,370 0 3,203,370 3,203,370
Total Taxable Value 10,809,435 0 10,809,435 10,809,435

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 11,813,842 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 10,809,435 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 11,813,842 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 10,809,435 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 12,338,842 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 12,688,842 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 11,031,916 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 11,813,842 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 10,809,435 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 11,813,842 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 10,809,435 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 12,338,842 T13 plus the loss to the chapter 313 agreement
T16 12,688,842 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 11,031,916 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,004,407 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 525,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 350,000 Loss to Second Previous Homestead Increase

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


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116-906-02/Lone Oak ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 226,689,158 0.9914 228,644,090 226,689,158
B - MULTIFAMILY 1,294,800 N/A 1,294,800 1,294,800
C1 - VACANT LOTS 23,218,602 N/A 23,218,602 23,218,602
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,998,324 0.8350 4,788,240 3,998,324
D2 - FARM & RANCH IMP 20,768,097 N/A 20,768,097 20,768,097
E - NON-AG LAND AND IMPROVEMENTS 379,621,909 0.9498 399,692,101 379,621,909
F1 - COMMERCIAL REAL 19,199,779 N/A 19,199,779 19,199,779
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 129,820 N/A 129,820 129,820
J - ALL UTILITIES 10,773,770 N/A 10,773,770 10,773,770
L1 - COMMERCIAL PERSONAL 6,655,375 N/A 6,655,375 6,655,375
L2 - INDUSTRIAL PERSONAL 123,953,130 N/A 123,953,130 123,953,130
M1 - MOBILE HOMES 7,584,163 N/A 7,584,163 7,584,163
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 131,700 N/A 131,700 131,700
S - SPECIAL INVENTORY 38,580 N/A 38,580 38,580
Subtotal 824,057,207 846,872,247 824,057,207
Less Total Deductions 262,687,869 264,337,336 262,687,869
Total Taxable Value 561,369,338 582,534,911 561,369,338

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 635,843,800 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 561,369,338 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 635,843,800 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 561,369,338 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 661,253,800 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 678,193,800 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 579,490,111 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 635,843,800 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 561,369,338 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 635,843,800 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 561,369,338 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 661,253,800 T13 plus the loss to the chapter 313 agreement
T16 678,193,800 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 579,490,111 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 74,474,462 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 25,410,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 16,940,000 Loss to Second Previous Homestead Increase

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