taxes Property Tax Assistance

2020 ISD Summary Worksheet

117-Hutchinson

117-907/Spring Creek ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 598,900 N/A 598,900 598,900
B - MULTIFAMILY 2,188,140 1.0065 2,174,009 2,188,140
C1 - VACANT LOTS 30,210 N/A 30,210 30,210
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,299,449 0.8687 6,100,146 5,299,449
D2 - FARM & RANCH IMP 1,906,760 N/A 1,906,760 1,906,760
E - NON-AG LAND AND IMPROVEMENTS 1,131,130 N/A 1,131,130 1,131,130
F1 - COMMERCIAL REAL 232,280 N/A 232,280 232,280
F2 - INDUSTRIAL REAL 31,500 N/A 31,500 31,500
G - ALL MINERALS 6,784,939 0.9995 6,788,333 6,784,939
J - ALL UTILITIES 14,560,460 0.8539 17,051,716 14,560,460
L1 - COMMERCIAL PERSONAL 7,000 N/A 7,000 7,000
L2 - INDUSTRIAL PERSONAL 4,402,020 N/A 4,402,020 4,402,020
M1 - MOBILE HOMES 464,880 N/A 464,880 464,880
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 37,637,668 0 40,918,884 37,637,668
Less Total Deductions 847,239 0 847,239 847,239
Total Taxable Value 36,790,429 0 40,071,645 36,790,429

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
36,979,969 36,790,429 36,856,549 36,667,009


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
189,540 123,420


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
36,979,969 36,790,429 36,856,549 36,667,009

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 TWO OF THE GRACE PERIOD

117-907-02/Spring Creek ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 598,900 N/A 598,900 598,900
B - MULTIFAMILY 2,188,140 1.0065 2,174,009 2,188,140
C1 - VACANT LOTS 30,210 N/A 30,210 30,210
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,299,449 0.8687 6,100,146 5,299,449
D2 - FARM & RANCH IMP 1,906,760 N/A 1,906,760 1,906,760
E - NON-AG LAND AND IMPROVEMENTS 1,131,130 N/A 1,131,130 1,131,130
F1 - COMMERCIAL REAL 232,280 N/A 232,280 232,280
F2 - INDUSTRIAL REAL 31,500 N/A 31,500 31,500
G - ALL MINERALS 6,784,939 0.9995 6,788,333 6,784,939
J - ALL UTILITIES 14,560,460 0.8539 17,051,716 14,560,460
L1 - COMMERCIAL PERSONAL 7,000 N/A 7,000 7,000
L2 - INDUSTRIAL PERSONAL 4,402,020 N/A 4,402,020 4,402,020
M1 - MOBILE HOMES 464,880 N/A 464,880 464,880
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 37,637,668 40,918,884 37,637,668
Less Total Deductions 847,239 847,239 847,239
Total Taxable Value 36,790,429 40,071,645 36,790,429

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
36,979,969 36,790,429 36,856,549 36,667,009


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
189,540 123,420


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
36,979,969 36,790,429 36,856,549 36,667,009

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