taxes Property Tax Assistance

2023 ISD Summary Worksheet

092-Gregg/Gregg County

092-907/Spring Hill ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 769,245,997 0.9565 804,230,002 769,245,997
B - MULTIFAMILY 54,622,700 0.9483 57,600,654 54,622,700
C1 - VACANT LOTS 5,912,815 N/A 5,912,815 5,912,815
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 229,335 0.8888 258,029 229,335
D2 - FARM & RANCH IMP 275,460 N/A 275,460 275,460
E - NON-AG LAND AND IMPROVEMENTS 53,104,686 0.9165 57,942,920 53,104,686
F1 - COMMERCIAL REAL 34,900,550 N/A 34,900,550 34,900,550
F2 - INDUSTRIAL REAL 241,060 N/A 241,060 241,060
G - ALL MINERALS 19,097,611 N/A 19,097,611 19,097,611
J - ALL UTILITIES 10,568,050 N/A 10,568,050 10,568,050
L1 - COMMERCIAL PERSONAL 13,118,300 N/A 13,118,300 13,118,300
L2 - INDUSTRIAL PERSONAL 4,392,090 N/A 4,392,090 4,392,090
M1 - MOBILE HOMES 1,753,380 N/A 1,753,380 1,753,380
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 4,907,050 N/A 4,907,050 4,907,050
S - SPECIAL INVENTORY 34,980 N/A 34,980 34,980
Subtotal 972,404,064 0 1,015,232,951 972,404,064
Less Total Deductions 356,393,147 0 368,003,126 356,393,147
Total Taxable Value 616,010,917 0 647,229,825 616,010,917

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 737,846,861 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 616,010,917 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 689,298,426 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 567,462,482 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 770,111,861 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 791,621,861 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 638,076,405 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 737,846,861 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 616,010,917 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 689,298,426 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 567,462,482 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 770,111,861 T13 plus the loss to the chapter 313 agreement
T16 791,621,861 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 638,076,405 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 121,835,944 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 48,548,435 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 32,265,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 21,510,000 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

092-907-02/Spring Hill ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 769,245,997 0.9565 804,230,002 769,245,997
B - MULTIFAMILY 54,622,700 0.9483 57,600,654 54,622,700
C1 - VACANT LOTS 5,912,815 N/A 5,912,815 5,912,815
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 229,335 0.8888 258,029 229,335
D2 - FARM & RANCH IMP 275,460 N/A 275,460 275,460
E - NON-AG LAND AND IMPROVEMENTS 53,104,686 0.9165 57,942,920 53,104,686
F1 - COMMERCIAL REAL 34,900,550 N/A 34,900,550 34,900,550
F2 - INDUSTRIAL REAL 241,060 N/A 241,060 241,060
G - ALL MINERALS 19,097,611 N/A 19,097,611 19,097,611
J - ALL UTILITIES 10,568,050 N/A 10,568,050 10,568,050
L1 - COMMERCIAL PERSONAL 13,118,300 N/A 13,118,300 13,118,300
L2 - INDUSTRIAL PERSONAL 4,392,090 N/A 4,392,090 4,392,090
M1 - MOBILE HOMES 1,753,380 N/A 1,753,380 1,753,380
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 4,907,050 N/A 4,907,050 4,907,050
S - SPECIAL INVENTORY 34,980 N/A 34,980 34,980
Subtotal 972,404,064 1,015,232,951 972,404,064
Less Total Deductions 356,393,147 368,003,126 356,393,147
Total Taxable Value 616,010,917 647,229,825 616,010,917

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 737,846,861 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 616,010,917 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 689,298,426 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 567,462,482 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 770,111,861 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 791,621,861 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 638,076,405 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 737,846,861 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 616,010,917 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 689,298,426 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 567,462,482 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 770,111,861 T13 plus the loss to the chapter 313 agreement
T16 791,621,861 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 638,076,405 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 121,835,944 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 48,548,435 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 32,265,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 21,510,000 Loss to Second Previous Homestead Increase