taxes Property Tax Assistance

2020 ISD Summary Worksheet

250-Wood

250-904/Quitman ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 187,430,761 1.0155 184,569,927 187,430,761
B - MULTIFAMILY 5,542,820 N/A 5,542,820 5,542,820
C1 - VACANT LOTS 12,410,250 N/A 12,410,250 12,410,250
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,865,709 1.0003 10,862,840 10,865,709
D2 - FARM & RANCH IMP 6,480,415 N/A 6,480,415 6,480,415
E - NON-AG LAND AND IMPROVEMENTS 303,916,669 1.0156 299,248,394 303,916,669
F1 - COMMERCIAL REAL 53,461,755 0.7116 75,128,942 53,461,755
F2 - INDUSTRIAL REAL 68,130 N/A 68,130 68,130
G - ALL MINERALS 26,945,980 0.9960 27,054,197 26,945,980
J - ALL UTILITIES 27,237,150 N/A 27,237,150 27,237,150
L1 - COMMERCIAL PERSONAL 13,269,360 0.9723 13,647,393 13,269,360
L2 - INDUSTRIAL PERSONAL 26,558,460 N/A 26,558,460 26,558,460
M1 - MOBILE HOMES 3,780,720 N/A 3,780,720 3,780,720
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 854,330 N/A 854,330 854,330
S - SPECIAL INVENTORY 695,420 N/A 695,420 695,420
Subtotal 679,517,929 0 694,139,388 679,517,929
Less Total Deductions 146,573,777 0 143,695,590 146,573,777
Total Taxable Value 532,944,152 0 550,443,798 532,944,152

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
552,781,927 532,944,152 552,781,927 532,944,152


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
19,837,775 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
552,781,927 532,944,152 552,781,927 532,944,152

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

250-904-02/Quitman ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 187,430,761 1.0155 184,569,927 187,430,761
B - MULTIFAMILY 5,542,820 N/A 5,542,820 5,542,820
C1 - VACANT LOTS 12,410,250 N/A 12,410,250 12,410,250
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,865,709 1.0003 10,862,840 10,865,709
D2 - FARM & RANCH IMP 6,480,415 N/A 6,480,415 6,480,415
E - NON-AG LAND AND IMPROVEMENTS 303,916,669 1.0156 299,248,394 303,916,669
F1 - COMMERCIAL REAL 53,461,755 0.7116 75,128,942 53,461,755
F2 - INDUSTRIAL REAL 68,130 N/A 68,130 68,130
G - ALL MINERALS 26,945,980 0.9960 27,054,197 26,945,980
J - ALL UTILITIES 27,237,150 N/A 27,237,150 27,237,150
L1 - COMMERCIAL PERSONAL 13,269,360 0.9723 13,647,393 13,269,360
L2 - INDUSTRIAL PERSONAL 26,558,460 N/A 26,558,460 26,558,460
M1 - MOBILE HOMES 3,780,720 N/A 3,780,720 3,780,720
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 854,330 N/A 854,330 854,330
S - SPECIAL INVENTORY 695,420 N/A 695,420 695,420
Subtotal 679,517,929 694,139,388 679,517,929
Less Total Deductions 146,573,777 143,695,590 146,573,777
Total Taxable Value 532,944,152 550,443,798 532,944,152

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
552,781,927 532,944,152 552,781,927 532,944,152


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
19,837,775 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
552,781,927 532,944,152 552,781,927 532,944,152

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