taxes Property Tax Assistance

2021 ISD Summary Worksheet

Quitman ISD (all splits)   Wood County  

250-Wood/Wood County

250-904/Quitman ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 217,979,186 0.9841 221,501,053 217,979,186
B - MULTIFAMILY 5,775,433 N/A 5,775,433 5,775,433
C1 - VACANT LOTS 13,163,030 N/A 13,163,030 13,163,030
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,331,058 1.2627 10,557,284 13,331,058
D2 - FARM & RANCH IMP 6,464,276 N/A 6,464,276 6,464,276
E - NON-AG LAND AND IMPROVEMENTS 334,624,096 0.9875 338,859,844 334,624,096
F1 - COMMERCIAL REAL 59,849,970 0.8104 73,852,382 59,849,970
F2 - INDUSTRIAL REAL 68,130 N/A 68,130 68,130
G - ALL MINERALS 18,347,170 N/A 18,347,170 18,347,170
J - ALL UTILITIES 28,868,890 N/A 28,868,890 28,868,890
L1 - COMMERCIAL PERSONAL 15,610,840 N/A 15,610,840 15,610,840
L2 - INDUSTRIAL PERSONAL 28,852,540 N/A 28,852,540 28,852,540
M1 - MOBILE HOMES 4,153,660 N/A 4,153,660 4,153,660
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 659,000 N/A 659,000 659,000
S - SPECIAL INVENTORY 961,040 N/A 961,040 961,040
Subtotal 748,708,319 0 767,694,572 748,708,319
Less Total Deductions 162,984,504 0 166,432,257 162,984,504
Total Taxable Value 585,723,815 0 601,262,315 585,723,815

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's office 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 school 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

Measure Value Description
T1 605,380,112 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 585,723,815 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 605,380,112 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 585,723,815 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 605,380,112 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 585,723,815 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 605,380,112 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 585,723,815 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,656,297 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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250-904-02/Quitman ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 217,979,186 0.9841 221,501,053 217,979,186
B - MULTIFAMILY 5,775,433 N/A 5,775,433 5,775,433
C1 - VACANT LOTS 13,163,030 N/A 13,163,030 13,163,030
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,331,058 1.2627 10,557,284 13,331,058
D2 - FARM & RANCH IMP 6,464,276 N/A 6,464,276 6,464,276
E - NON-AG LAND AND IMPROVEMENTS 334,624,096 0.9875 338,859,844 334,624,096
F1 - COMMERCIAL REAL 59,849,970 0.8104 73,852,382 59,849,970
F2 - INDUSTRIAL REAL 68,130 N/A 68,130 68,130
G - ALL MINERALS 18,347,170 N/A 18,347,170 18,347,170
J - ALL UTILITIES 28,868,890 N/A 28,868,890 28,868,890
L1 - COMMERCIAL PERSONAL 15,610,840 N/A 15,610,840 15,610,840
L2 - INDUSTRIAL PERSONAL 28,852,540 N/A 28,852,540 28,852,540
M1 - MOBILE HOMES 4,153,660 N/A 4,153,660 4,153,660
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 659,000 N/A 659,000 659,000
S - SPECIAL INVENTORY 961,040 N/A 961,040 961,040
Subtotal 748,708,319 767,694,572 748,708,319
Less Total Deductions 162,984,504 166,432,257 162,984,504
Total Taxable Value 585,723,815 601,262,315 585,723,815

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's office 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 school 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

Measure Value Description
T1 605,380,112 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 585,723,815 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 605,380,112 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 585,723,815 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 605,380,112 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 585,723,815 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 605,380,112 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 585,723,815 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,656,297 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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