taxes Property Tax Assistance

2023 ISD Summary Worksheet

Normangee ISD (all splits)   Leon County   Madison County  

145-Leon/Leon County

145-906/Normangee ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 202,664,900 0.9545 212,325,720 202,664,900
B - MULTIFAMILY 361,990 N/A 361,990 361,990
C1 - VACANT LOTS 18,029,190 N/A 18,029,190 18,029,190
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,618,040 1.5754 2,931,349 4,618,040
D2 - FARM & RANCH IMP 13,384,490 N/A 13,384,490 13,384,490
E - NON-AG LAND AND IMPROVEMENTS 131,558,480 1.0341 127,220,269 131,558,480
F1 - COMMERCIAL REAL 9,559,420 N/A 9,559,420 9,559,420
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 26,263,090 N/A 26,263,090 26,263,090
J - ALL UTILITIES 78,754,760 0.9552 82,448,451 78,754,760
L1 - COMMERCIAL PERSONAL 9,391,380 N/A 9,391,380 9,391,380
L2 - INDUSTRIAL PERSONAL 467,180 N/A 467,180 467,180
M1 - MOBILE HOMES 9,906,930 N/A 9,906,930 9,906,930
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,278,700 N/A 2,278,700 2,278,700
Subtotal 507,238,550 0 514,568,159 507,238,550
Less Total Deductions 197,349,348 0 204,328,025 197,349,348
Total Taxable Value 309,889,202 0 310,240,134 309,889,202

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 362,591,602 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 309,889,202 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 344,584,602 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 291,882,202 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 380,126,602 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 391,816,602 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 339,755,675 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 362,591,602 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 309,889,202 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 344,584,602 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 291,882,202 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 380,126,602 T13 plus the loss to the chapter 313 agreement
T16 391,816,602 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 339,755,675 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 52,702,400 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 18,007,000 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 17,535,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 11,690,000 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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154-Madison/Madison County

145-906/Normangee ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 3,974,060 N/A 3,974,060 3,974,060
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 339,760 N/A 339,760 339,760
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,256,680 N/A 2,256,680 2,256,680
D2 - FARM & RANCH IMP 6,850,390 N/A 6,850,390 6,850,390
E - NON-AG LAND AND IMPROVEMENTS 66,161,372 N/A 66,161,372 66,161,372
F1 - COMMERCIAL REAL 2,429,240 N/A 2,429,240 2,429,240
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 21,075,390 N/A 21,075,390 21,075,390
J - ALL UTILITIES 25,498,880 N/A 25,498,880 25,498,880
L1 - COMMERCIAL PERSONAL 1,100,860 N/A 1,100,860 1,100,860
L2 - INDUSTRIAL PERSONAL 164,010 N/A 164,010 164,010
M1 - MOBILE HOMES 1,525,840 N/A 1,525,840 1,525,840
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 430,050 N/A 430,050 430,050
Subtotal 131,806,532 0 131,806,532 131,806,532
Less Total Deductions 31,171,723 0 31,171,723 31,171,723
Total Taxable Value 100,634,809 0 100,634,809 100,634,809

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 108,671,366 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 100,634,809 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 104,744,522 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 96,707,965 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 111,446,366 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 113,296,366 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 102,576,947 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 108,671,366 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 100,634,809 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 104,744,522 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 96,707,965 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 111,446,366 T13 plus the loss to the chapter 313 agreement
T16 113,296,366 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 102,576,947 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 8,036,557 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 3,926,844 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,775,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 1,850,000 Loss to Second Previous Homestead Increase

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


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145-906-02/Normangee ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 206,638,960 0.9553 216,299,780 206,638,960
B - MULTIFAMILY 361,990 N/A 361,990 361,990
C1 - VACANT LOTS 18,368,950 N/A 18,368,950 18,368,950
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,874,720 1.3251 5,188,029 6,874,720
D2 - FARM & RANCH IMP 20,234,880 N/A 20,234,880 20,234,880
E - NON-AG LAND AND IMPROVEMENTS 197,719,852 1.0224 193,381,641 197,719,852
F1 - COMMERCIAL REAL 11,988,660 N/A 11,988,660 11,988,660
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 47,338,480 N/A 47,338,480 47,338,480
J - ALL UTILITIES 104,253,640 0.9658 107,947,331 104,253,640
L1 - COMMERCIAL PERSONAL 10,492,240 N/A 10,492,240 10,492,240
L2 - INDUSTRIAL PERSONAL 631,190 N/A 631,190 631,190
M1 - MOBILE HOMES 11,432,770 N/A 11,432,770 11,432,770
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,708,750 N/A 2,708,750 2,708,750
Subtotal 639,045,082 646,374,691 639,045,082
Less Total Deductions 228,521,071 235,499,748 228,521,071
Total Taxable Value 410,524,011 410,874,943 410,524,011

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 471,262,968 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 410,524,011 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 449,329,124 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 388,590,167 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 491,572,968 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 505,112,968 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 442,332,622 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 471,262,968 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 410,524,011 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 449,329,124 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 388,590,167 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 491,572,968 T13 plus the loss to the chapter 313 agreement
T16 505,112,968 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 442,332,622 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 60,738,957 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 21,933,844 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 20,310,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 13,540,000 Loss to Second Previous Homestead Increase

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