taxes Property Tax Assistance

2019 ISD Summary Worksheet

201-Rusk

174-902/Cushing ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 633,680 N/A 633,680 633,680
C1. VACANT LOTS 64,780 N/A 64,780 64,780
D1. QUALIFIED AG LAND 728,990 N/A 728,990 728,990
D2. REAL PROP:FARM & RANCH 188,640 N/A 188,640 188,640
E. REAL PROP NONQUAL ACREAGE 652,510 N/A 652,510 652,510
G. OIL,GAS,MINERALS 31,140 N/A 31,140 31,140
J. UTILITIES 4,472,530 N/A 4,472,530 4,472,530
M. MOBILE HOMES 76,540 N/A 76,540 76,540
Subtotal 6,848,810 0 6,848,810 6,848,810
Less Total Deductions 751,367 0 751,367 751,367
Total Taxable Value 6,097,443 0 6,097,443 6,097,443

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
6,148,643 6,097,443 6,076,038 6,024,838


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
51,200 72,605


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
6,148,643 6,097,443 6,076,038 6,024,838

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

174-902-02/Cushing ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 633,680 N/A 633,680 633,680
C1. VACANT LOTS 64,780 N/A 64,780 64,780
D1. QUALIFIED AG LAND 728,990 N/A 728,990 728,990
D2. REAL PROP:FARM & RANCH 188,640 N/A 188,640 188,640
E. REAL PROP NONQUAL ACREAGE 652,510 N/A 652,510 652,510
G. OIL,GAS,MINERALS 31,140 N/A 31,140 31,140
J. UTILITIES 4,472,530 N/A 4,472,530 4,472,530
M. MOBILE HOMES 76,540 N/A 76,540 76,540
Subtotal 6,848,810 6,848,810 6,848,810
Less Total Deductions 751,367 751,367 751,367
Total Taxable Value 6,097,443 6,097,443 6,097,443

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
6,148,643 6,097,443 6,076,038 6,024,838


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
51,200 72,605


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
6,148,643 6,097,443 6,076,038 6,024,838

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