taxes Property Tax Assistance

2016 ISD Summary Worksheet

183/Panola

183-904/Gary ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 48,347,500 N/A 48,347,500 48,347,500
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 3,008,460 N/A 3,008,460 3,008,460
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,191,750 N/A 5,191,750 5,191,750
D2. Real Prop Farm & Ranch 3,473,660 N/A 3,473,660 3,473,660
E. Real Prop NonQual Acres 18,448,210 N/A 18,448,210 18,448,210
F1. Commercial Real 1,228,090 N/A 1,228,090 1,228,090
F2. Industrial Real 43,780 N/A 43,780 43,780
G. Oil, Gas, Minerals 58,979,330 N/A 58,979,330 58,979,330
J. Utilities 33,221,100 N/A 33,221,100 33,221,100
L1. Commercial Personal 1,053,080 N/A 1,053,080 1,053,080
L2. Industrial Personal 8,575,280 N/A 8,575,280 8,575,280
M. Other Personal 4,368,100 N/A 4,368,100 4,368,100
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 185,938,340 185,938,340 185,938,340
Less Total Deductions 24,949,600   24,949,600 24,949,600
Total Taxable Value 160,988,740 160,988,740 160,988,740 T2

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

T1 T2 T3 T4
165,447,300 160,988,740 160,968,245 156,509,685


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,458,560 4,479,055


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax ceiling reduction


T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10
165,447,300 160,988,740 160,968,245 156,509,685

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified