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2011 ISD Summary Worksheet

183/Panola

183-904/Gary ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTD Value Estimate 2011 Value Assigned
A. Single-Family Residences 38,331,310 .8999 42,595,077 38,331,310
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 1,541,360 N/A 1,541,360 1,541,360
D. Rural Real(Taxable) 28,019,590 1.0532 26,603,520 28,019,590
F1. Commercial Real 1,041,660 N/A 1,041,660 1,041,660
F2. Industrial Real 16,280 N/A 16,280 16,280
G. Oil, Gas, Minerals 176,127,700 .9911 177,709,313 176,127,700
J. Utilities 27,466,740 1.2015 22,860,375 27,466,740
L1. Commercial Personal 2,243,040 N/A 2,243,040 2,243,040
L2. Industrial Personal 14,588,470 N/A 14,588,470 14,588,470
M. Other Personal 4,107,850 N/A 4,107,850 4,107,850
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 15,930 N/A 15,930 15,930
S. Special Inventory 0 N/A 0 0
Subtotal 293,499,930 293,322,875 293,499,930
Less Total Deductions 18,204,677   19,937,440 18,204,677
Total Taxable Value 275,295,253 273,385,435 275,295,253 T2

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 22,756,040 1.0885 20,905,870
Prod Value Qualified Acres 5,263,550 .9238 5,697,650
Taxable Value 28,019,590   26,603,520

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
280,384,743 275,295,253 276,408,853 271,319,363 275,295,253 271,319,363


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,089,490 3,975,890


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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
280,384,743 275,295,253 276,408,853 271,319,363 275,295,253 271,319,363

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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 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

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