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ceiling reduction
2019 ISD Summary Worksheet
179-Ochiltree
098-904/Spearman ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| D1. QUALIFIED AG LAND | 12,705,668 | 1.0313 | 12,320,574 | 12,705,668 |
| D2. REAL PROP:FARM & RANCH | 1,315,744 | N/A | 1,315,744 | 1,315,744 |
| E. REAL PROP NONQUAL ACREAGE | 2,571,331 | N/A | 2,571,331 | 2,571,331 |
| F1. COMMERCIAL REAL | 48,000 | N/A | 48,000 | 48,000 |
| F2. INDUSTRIAL REAL | 289,490 | N/A | 289,490 | 289,490 |
| G. OIL,GAS,MINERALS | 46,701,843 | 1.0077 | 46,344,987 | 46,701,843 |
| J. UTILITIES | 14,117,470 | 0.9617 | 14,679,703 | 14,117,470 |
| L2. INDUSTRIAL PERSONAL | 32,444,580 | N/A | 32,444,580 | 32,444,580 |
| Subtotal | 110,194,126 | 0 | 110,014,409 | 110,194,126 |
| Less Total Deductions | 555,260 | 0 | 455,009 | 555,260 |
| Total Taxable Value | 109,638,866 | 0 | 109,559,400 | 109,638,866 |
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 |
|---|---|---|---|
| 109,728,866 | 109,638,866 | 109,728,866 | 109,638,866 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 90,000 | 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 |
|---|---|---|---|
| 109,728,866 | 109,638,866 | 109,728,866 | 109,638,866 |
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
098-904-02/Spearman ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| D1. QUALIFIED AG LAND | 12,705,668 | 1.0313 | 12,320,574 | 12,705,668 |
| D2. REAL PROP:FARM & RANCH | 1,315,744 | N/A | 1,315,744 | 1,315,744 |
| E. REAL PROP NONQUAL ACREAGE | 2,571,331 | N/A | 2,571,331 | 2,571,331 |
| F1. COMMERCIAL REAL | 48,000 | N/A | 48,000 | 48,000 |
| F2. INDUSTRIAL REAL | 289,490 | N/A | 289,490 | 289,490 |
| G. OIL,GAS,MINERALS | 46,701,843 | 1.0077 | 46,344,987 | 46,701,843 |
| J. UTILITIES | 14,117,470 | 0.9617 | 14,679,703 | 14,117,470 |
| L2. INDUSTRIAL PERSONAL | 32,444,580 | N/A | 32,444,580 | 32,444,580 |
| Subtotal | 110,194,126 | 110,014,409 | 110,194,126 | |
| Less Total Deductions | 555,260 | 455,009 | 555,260 | |
| Total Taxable Value | 109,638,866 | 109,559,400 | 109,638,866 |
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 |
|---|---|---|---|
| 109,728,866 | 109,638,866 | 109,728,866 | 109,638,866 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 90,000 | 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 |
|---|---|---|---|
| 109,728,866 | 109,638,866 | 109,728,866 | 109,638,866 |
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 taxceiling 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