taxes Property Tax Assistance

2023 ISD Summary Worksheet

125-Jim Wells/Jim Wells County

125-906/La Gloria ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 128,388 N/A 128,388 128,388
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,899,388 1.1613 1,635,547 1,635,547
D2 - FARM & RANCH IMP 355,390 N/A 355,390 355,390
E - NON-AG LAND AND IMPROVEMENTS 16,999,191 0.5712 29,760,488 29,760,488
F1 - COMMERCIAL REAL 140,929 N/A 140,929 140,929
F2 - INDUSTRIAL REAL 8,020,879 N/A 8,020,879 8,020,879
G - ALL MINERALS 2,196,200 N/A 2,196,200 2,196,200
J - ALL UTILITIES 17,577,306 1.0423 16,863,960 16,863,960
L1 - COMMERCIAL PERSONAL 32,566 N/A 32,566 32,566
L2 - INDUSTRIAL PERSONAL 2,808,260 N/A 2,808,260 2,808,260
M1 - MOBILE HOMES 454,763 N/A 454,763 454,763
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 50,613,260 0 62,397,370 62,397,370
Less Total Deductions 5,680,442 0 5,680,442 5,680,442
Total Taxable Value 44,932,818 0 56,716,928 56,716,928

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 58,665,599 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 56,716,928 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 58,598,342 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 56,649,671 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 59,835,599 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 60,615,599 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 57,073,432 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 58,665,599 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 56,716,928 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 58,598,342 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 56,649,671 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 59,835,599 T13 plus the loss to the chapter 313 agreement
T16 60,615,599 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 57,073,432 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,948,671 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 67,257 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,170,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 780,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE THE APPRAISAL DISTRICT FAILED THEIR MOST RECENT MAP, YOUR SCHOOL DISTRICT'S VALUES ARE BELOW THE 90% CUTOFF, AND YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE

125-906-02/La Gloria ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 128,388 N/A 128,388 128,388
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,899,388 1.1613 1,635,547 1,635,547
D2 - FARM & RANCH IMP 355,390 N/A 355,390 355,390
E - NON-AG LAND AND IMPROVEMENTS 16,999,191 0.5712 29,760,488 29,760,488
F1 - COMMERCIAL REAL 140,929 N/A 140,929 140,929
F2 - INDUSTRIAL REAL 8,020,879 N/A 8,020,879 8,020,879
G - ALL MINERALS 2,196,200 N/A 2,196,200 2,196,200
J - ALL UTILITIES 17,577,306 1.0423 16,863,960 16,863,960
L1 - COMMERCIAL PERSONAL 32,566 N/A 32,566 32,566
L2 - INDUSTRIAL PERSONAL 2,808,260 N/A 2,808,260 2,808,260
M1 - MOBILE HOMES 454,763 N/A 454,763 454,763
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 50,613,260 62,397,370 62,397,370
Less Total Deductions 5,680,442 5,680,442 5,680,442
Total Taxable Value 44,932,818 56,716,928 56,716,928

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 58,665,599 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 56,716,928 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 58,598,342 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 56,649,671 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 59,835,599 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 60,615,599 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 57,073,432 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 58,665,599 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 56,716,928 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 58,598,342 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 56,649,671 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 59,835,599 T13 plus the loss to the chapter 313 agreement
T16 60,615,599 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 57,073,432 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,948,671 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 67,257 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,170,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 780,000 Loss to Second Previous Homestead Increase