taxes Property Tax Assistance

2017 ISD Summary Worksheet

037/Cherokee

037-908/New Summerfield ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 19,299,490 .9639 20,022,295 19,299,490
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 1,349,270 N/A 1,349,270 1,349,270
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,332,051 1.0006 3,330,000 3,332,051
D2. Real Prop Farm & Ranch 880,760 N/A 880,760 880,760
E. Real Prop NonQual Acres 27,230,140 .9415 28,922,082 27,230,140
F1. Commercial Real 2,620,262 N/A 2,620,262 2,620,262
F2. Industrial Real 4,774,150 N/A 4,774,150 4,774,150
G. Oil, Gas, Minerals 56,410 N/A 56,410 56,410
J. Utilities 13,740,510 .9218 14,906,173 13,740,510
L1. Commercial Personal 3,317,890 1.0182 3,258,584 3,317,890
L2. Industrial Personal 980,360 N/A 980,360 980,360
M. Other Personal 1,273,820 N/A 1,273,820 1,273,820
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 128,200 N/A 128,200 128,200
Subtotal 78,983,313 82,502,366 78,983,313
Less Total Deductions 13,283,156   13,665,004 13,283,156
Total Taxable Value 65,700,157 68,837,362 65,700,157 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
68,091,560 65,700,157 68,091,560 65,700,157


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,391,403 0


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
68,091,560 65,700,157 68,091,560 65,700,157

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