taxes Property Tax Assistance

2019 ISD Summary Worksheet

250-Wood

250-904/Quitman ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 168,786,338 0.9274 181,999,502 168,786,338
B. MULTIFAMILY RESIDENCES 5,400,430 N/A 5,400,430 5,400,430
C1. VACANT LOTS 11,631,960 N/A 11,631,960 11,631,960
D1. QUALIFIED AG LAND 10,814,936 1.0005 10,809,846 10,814,936
D2. REAL PROP:FARM & RANCH 6,101,100 N/A 6,101,100 6,101,100
E. REAL PROP NONQUAL ACREAGE 264,281,945 0.8022 329,446,454 264,281,945
F1. COMMERCIAL REAL 48,621,990 0.7812 62,240,131 48,621,990
F2. INDUSTRIAL REAL 60,630 N/A 60,630 60,630
G. OIL,GAS,MINERALS 37,956,450 N/A 37,956,450 37,956,450
J. UTILITIES 22,831,400 N/A 22,831,400 22,831,400
L1. COMMERCIAL PERSONAL 45,638,780 0.9795 46,593,956 45,638,780
L2. INDUSTRIAL PERSONAL 10,576,620 N/A 10,576,620 10,576,620
M. MOBILE HOMES 3,307,320 N/A 3,307,320 3,307,320
O. RESIDENTIAL INVENTORY 996,960 N/A 996,960 996,960
S. SPECIAL INVENTORY 578,000 N/A 578,000 578,000
Subtotal 637,584,859 0 730,530,759 637,584,859
Less Total Deductions 126,556,388 0 139,387,091 126,556,388
Total Taxable Value 511,028,471 0 591,143,668 511,028,471

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
531,873,464 511,028,471 531,873,464 511,028,471


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,844,993 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
531,873,464 511,028,471 531,873,464 511,028,471

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

250-904-02/Quitman ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 168,786,338 0.9274 181,999,502 168,786,338
B. MULTIFAMILY RESIDENCES 5,400,430 N/A 5,400,430 5,400,430
C1. VACANT LOTS 11,631,960 N/A 11,631,960 11,631,960
D1. QUALIFIED AG LAND 10,814,936 1.0005 10,809,846 10,814,936
D2. REAL PROP:FARM & RANCH 6,101,100 N/A 6,101,100 6,101,100
E. REAL PROP NONQUAL ACREAGE 264,281,945 0.8022 329,446,454 264,281,945
F1. COMMERCIAL REAL 48,621,990 0.7812 62,240,131 48,621,990
F2. INDUSTRIAL REAL 60,630 N/A 60,630 60,630
G. OIL,GAS,MINERALS 37,956,450 N/A 37,956,450 37,956,450
J. UTILITIES 22,831,400 N/A 22,831,400 22,831,400
L1. COMMERCIAL PERSONAL 45,638,780 0.9795 46,593,956 45,638,780
L2. INDUSTRIAL PERSONAL 10,576,620 N/A 10,576,620 10,576,620
M. MOBILE HOMES 3,307,320 N/A 3,307,320 3,307,320
O. RESIDENTIAL INVENTORY 996,960 N/A 996,960 996,960
S. SPECIAL INVENTORY 578,000 N/A 578,000 578,000
Subtotal 637,584,859 730,530,759 637,584,859
Less Total Deductions 126,556,388 139,387,091 126,556,388
Total Taxable Value 511,028,471 591,143,668 511,028,471

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
531,873,464 511,028,471 531,873,464 511,028,471


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
20,844,993 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
531,873,464 511,028,471 531,873,464 511,028,471

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