taxes Property Tax Assistance

2019 ISD Summary Worksheet

117-Hutchinson

117-907/Spring Creek ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	584,360	N/A	584,360	584,360
B. MULTIFAMILY RESIDENCES	2,188,140	0.9860	2,219,209	2,188,140
C1. VACANT LOTS	29,320	N/A	29,320	29,320
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,305,449	0.8650	6,133,649	5,305,449
D2. REAL PROP:FARM & RANCH	1,762,220	0.9404	1,873,905	1,762,220
E. REAL PROP NONQUAL ACREAGE	1,504,680	N/A	1,504,680	1,504,680
F1. COMMERCIAL REAL	65,880	N/A	65,880	65,880
F2. INDUSTRIAL REAL	31,500	N/A	31,500	31,500
G. OIL,GAS,MINERALS	9,785,430	0.9868	9,916,325	9,785,430
J. UTILITIES	17,040,790	0.9913	17,190,346	17,040,790
L1. COMMERCIAL PERSONAL	7,000	N/A	7,000	7,000
L2. INDUSTRIAL PERSONAL	4,731,560	N/A	4,731,560	4,731,560
M. MOBILE HOMES	464,880	N/A	464,880	464,880
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	43,501,209	0	44,752,614	43,501,209
Less Total Deductions	838,562	0	838,562	838,562
Total Taxable Value	42,662,647	0	43,914,052	42,662,647

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
42,848,617	42,662,647	42,723,467	42,537,497

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
185,970	125,150

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
42,848,617	42,662,647	42,723,467	42,537,497

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

117-907-02/Spring Creek ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	584,360	N/A	584,360	584,360
B. MULTIFAMILY RESIDENCES	2,188,140	0.9860	2,219,209	2,188,140
C1. VACANT LOTS	29,320	N/A	29,320	29,320
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,305,449	0.8650	6,133,649	5,305,449
D2. REAL PROP:FARM & RANCH	1,762,220	0.9404	1,873,905	1,762,220
E. REAL PROP NONQUAL ACREAGE	1,504,680	N/A	1,504,680	1,504,680
F1. COMMERCIAL REAL	65,880	N/A	65,880	65,880
F2. INDUSTRIAL REAL	31,500	N/A	31,500	31,500
G. OIL,GAS,MINERALS	9,785,430	0.9868	9,916,325	9,785,430
J. UTILITIES	17,040,790	0.9913	17,190,346	17,040,790
L1. COMMERCIAL PERSONAL	7,000	N/A	7,000	7,000
L2. INDUSTRIAL PERSONAL	4,731,560	N/A	4,731,560	4,731,560
M. MOBILE HOMES	464,880	N/A	464,880	464,880
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	43,501,209		44,752,614	43,501,209
Less Total Deductions	838,562		838,562	838,562
Total Taxable Value	42,662,647		43,914,052	42,662,647

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
42,848,617	42,662,647	42,723,467	42,537,497

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
185,970	125,150

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
42,848,617	42,662,647	42,723,467	42,537,497

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