taxes Property Tax Assistance

2023 ISD Summary Worksheet

Loraine ISD (all splits)   Mitchell County  

168-Mitchell/Mitchell County

168-902/Loraine ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 15,463,928 0.9388 16,472,015 15,463,928
B - MULTIFAMILY 423,089 N/A 423,089 423,089
C1 - VACANT LOTS 509,062 N/A 509,062 509,062
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,064,419 1.3682 9,548,383 13,064,419
D2 - FARM & RANCH IMP 1,535,446 N/A 1,535,446 1,535,446
E - NON-AG LAND AND IMPROVEMENTS 25,794,917 0.9643 26,749,888 25,794,917
F1 - COMMERCIAL REAL 1,340,414 N/A 1,340,414 1,340,414
F2 - INDUSTRIAL REAL 52,619,464 N/A 52,619,464 52,619,464
G - ALL MINERALS 4,391,878 N/A 4,391,878 4,391,878
J - ALL UTILITIES 78,543,198 1.0635 73,853,501 78,543,198
L1 - COMMERCIAL PERSONAL 558,506 N/A 558,506 558,506
L2 - INDUSTRIAL PERSONAL 7,394,260 N/A 7,394,260 7,394,260
M1 - MOBILE HOMES 230,098 N/A 230,098 230,098
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 201,868,679 0 195,626,004 201,868,679
Less Total Deductions 21,378,813 0 22,009,699 21,378,813
Total Taxable Value 180,489,866 0 173,616,305 180,489,866

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 186,750,155 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 180,489,866 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 186,750,155 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 180,489,866 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 190,035,155 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 192,225,155 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 181,026,391 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 186,750,155 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 180,489,866 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 186,750,155 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 180,489,866 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 190,035,155 T13 plus the loss to the chapter 313 agreement
T16 192,225,155 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 181,026,391 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,260,289 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 3,285,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,190,000 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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168-902-02/Loraine ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 15,463,928 0.9388 16,472,015 15,463,928
B - MULTIFAMILY 423,089 N/A 423,089 423,089
C1 - VACANT LOTS 509,062 N/A 509,062 509,062
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,064,419 1.3682 9,548,383 13,064,419
D2 - FARM & RANCH IMP 1,535,446 N/A 1,535,446 1,535,446
E - NON-AG LAND AND IMPROVEMENTS 25,794,917 0.9643 26,749,888 25,794,917
F1 - COMMERCIAL REAL 1,340,414 N/A 1,340,414 1,340,414
F2 - INDUSTRIAL REAL 52,619,464 N/A 52,619,464 52,619,464
G - ALL MINERALS 4,391,878 N/A 4,391,878 4,391,878
J - ALL UTILITIES 78,543,198 1.0635 73,853,501 78,543,198
L1 - COMMERCIAL PERSONAL 558,506 N/A 558,506 558,506
L2 - INDUSTRIAL PERSONAL 7,394,260 N/A 7,394,260 7,394,260
M1 - MOBILE HOMES 230,098 N/A 230,098 230,098
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 201,868,679 195,626,004 201,868,679
Less Total Deductions 21,378,813 22,009,699 21,378,813
Total Taxable Value 180,489,866 173,616,305 180,489,866

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 186,750,155 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 180,489,866 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 186,750,155 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 180,489,866 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 190,035,155 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 192,225,155 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 181,026,391 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 186,750,155 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 180,489,866 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 186,750,155 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 180,489,866 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 190,035,155 T13 plus the loss to the chapter 313 agreement
T16 192,225,155 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 181,026,391 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,260,289 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 3,285,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,190,000 Loss to Second Previous Homestead Increase

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