taxes Property Tax Assistance

2023 ISD Summary Worksheet

234-Van Zandt/Van Zandt County

234-905/Martins Mill ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 77,104,318 1.1010 70,031,170 77,104,318
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,833,285 N/A 2,833,285 2,833,285
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,732,520 1.2253 5,494,488 6,732,520
D2 - FARM & RANCH IMP 3,702,360 N/A 3,702,360 3,702,360
E - NON-AG LAND AND IMPROVEMENTS 189,607,310 0.9403 201,645,549 189,607,310
F1 - COMMERCIAL REAL 6,188,690 N/A 6,188,690 6,188,690
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 259,650 N/A 259,650 259,650
J - ALL UTILITIES 11,577,470 N/A 11,577,470 11,577,470
L1 - COMMERCIAL PERSONAL 1,354,210 N/A 1,354,210 1,354,210
L2 - INDUSTRIAL PERSONAL 234,530 N/A 234,530 234,530
M1 - MOBILE HOMES 5,360,070 N/A 5,360,070 5,360,070
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 304,954,413 0 308,681,472 304,954,413
Less Total Deductions 113,616,412 0 105,160,128 113,616,412
Total Taxable Value 191,338,001 0 203,521,344 191,338,001

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 221,227,120 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 191,338,001 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 221,227,120 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 191,338,001 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 231,037,120 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 237,577,120 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 203,576,252 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 221,227,120 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 191,338,001 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 221,227,120 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 191,338,001 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 231,037,120 T13 plus the loss to the chapter 313 agreement
T16 237,577,120 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 203,576,252 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 29,889,119 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 9,810,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,540,000 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

234-905-02/Martins Mill ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 77,104,318 1.1010 70,031,170 77,104,318
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 2,833,285 N/A 2,833,285 2,833,285
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,732,520 1.2253 5,494,488 6,732,520
D2 - FARM & RANCH IMP 3,702,360 N/A 3,702,360 3,702,360
E - NON-AG LAND AND IMPROVEMENTS 189,607,310 0.9403 201,645,549 189,607,310
F1 - COMMERCIAL REAL 6,188,690 N/A 6,188,690 6,188,690
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 259,650 N/A 259,650 259,650
J - ALL UTILITIES 11,577,470 N/A 11,577,470 11,577,470
L1 - COMMERCIAL PERSONAL 1,354,210 N/A 1,354,210 1,354,210
L2 - INDUSTRIAL PERSONAL 234,530 N/A 234,530 234,530
M1 - MOBILE HOMES 5,360,070 N/A 5,360,070 5,360,070
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 304,954,413 308,681,472 304,954,413
Less Total Deductions 113,616,412 105,160,128 113,616,412
Total Taxable Value 191,338,001 203,521,344 191,338,001

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 221,227,120 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 191,338,001 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 221,227,120 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 191,338,001 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 231,037,120 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 237,577,120 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 203,576,252 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 221,227,120 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 191,338,001 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 221,227,120 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 191,338,001 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 231,037,120 T13 plus the loss to the chapter 313 agreement
T16 237,577,120 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 203,576,252 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 29,889,119 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 9,810,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,540,000 Loss to Second Previous Homestead Increase