taxes Property Tax Assistance

2017 ISD Summary Worksheet

183/Panola

183-902/Carthage ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 431,656,430 .8594 502,276,507 431,656,430
B. Multi-Family Residences 5,288,930 N/A 5,288,930 5,288,930
C1. Vacant Lots 22,391,290 N/A 22,391,290 22,391,290
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 38,459,690 .8795 43,728,407 38,459,690
D2. Real Prop Farm & Ranch 15,644,810 N/A 15,644,810 15,644,810
E. Real Prop NonQual Acres 133,954,850 .8301 161,371,943 133,954,850
F1. Commercial Real 108,400,310 N/A 108,400,310 108,400,310
F2. Industrial Real 17,932,210 N/A 17,932,210 17,932,210
G. Oil, Gas, Minerals 866,928,620 .9824 882,459,914 866,928,620
J. Utilities 631,194,600 .7399 853,080,957 631,194,600
L1. Commercial Personal 66,195,240 N/A 66,195,240 66,195,240
L2. Industrial Personal 407,688,290 N/A 407,688,290 407,688,290
M. Other Personal 24,202,180 N/A 24,202,180 24,202,180
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 369,930 N/A 369,930 369,930
S. Special Inventory 0 N/A 0 0
Subtotal 2,770,307,380 3,111,030,918 2,770,307,380
Less Total Deductions 235,403,993   264,952,703 235,403,993
Total Taxable Value 2,534,903,387 2,846,078,215 2,534,903,387 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
2,573,065,097 2,534,903,387 2,529,241,977 2,491,080,267


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
38,161,710 43,823,120


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
2,573,065,097 2,534,903,387 2,529,241,977 2,491,080,267

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 invalid, but local value was certified because your school district is in year one of the grace period.