taxes Property Tax Assistance

2022 ISD Summary Worksheet

Quitman ISD (all splits)   Wood County  

250-Wood/Wood County

250-904/Quitman ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 272,536,979 N/A 272,536,979 272,536,979
B - MULTIFAMILY 6,051,543 N/A 6,051,543 6,051,543
C1 - VACANT LOTS 18,886,979 N/A 18,886,979 18,886,979
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,285,529 N/A 12,285,529 12,285,529
D2 - FARM & RANCH IMP 6,774,520 N/A 6,774,520 6,774,520
E - NON-AG LAND AND IMPROVEMENTS 399,438,526 N/A 399,438,526 399,438,526
F1 - COMMERCIAL REAL 68,839,560 N/A 68,839,560 68,839,560
F2 - INDUSTRIAL REAL 79,680 N/A 79,680 79,680
G - ALL MINERALS 40,392,620 N/A 40,392,620 40,392,620
J - ALL UTILITIES 35,588,420 N/A 35,588,420 35,588,420
L1 - COMMERCIAL PERSONAL 16,148,310 N/A 16,148,310 16,148,310
L2 - INDUSTRIAL PERSONAL 5,351,370 N/A 5,351,370 5,351,370
M1 - MOBILE HOMES 5,314,630 N/A 5,314,630 5,314,630
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 550,470 N/A 550,470 550,470
S - SPECIAL INVENTORY 1,113,230 N/A 1,113,230 1,113,230
Subtotal 889,352,366 0 889,352,366 889,352,366
Less Total Deductions 220,599,790 0 220,599,790 220,599,790
Total Taxable Value 668,752,576 0 668,752,576 668,752,576

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 694,504,625 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 668,752,576 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 694,504,625 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 668,752,576 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 723,594,625 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 694,504,625 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 668,752,576 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 694,504,625 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 668,752,576 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 723,594,625 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 25,752,049 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
LOSS_PREV_INCR_HMSTD 29,090,000 Loss to the second most recent increase in the state-mandated 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 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 272,536,979 N/A 272,536,979 272,536,979
B - MULTIFAMILY 6,051,543 N/A 6,051,543 6,051,543
C1 - VACANT LOTS 18,886,979 N/A 18,886,979 18,886,979
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,285,529 N/A 12,285,529 12,285,529
D2 - FARM & RANCH IMP 6,774,520 N/A 6,774,520 6,774,520
E - NON-AG LAND AND IMPROVEMENTS 399,438,526 N/A 399,438,526 399,438,526
F1 - COMMERCIAL REAL 68,839,560 N/A 68,839,560 68,839,560
F2 - INDUSTRIAL REAL 79,680 N/A 79,680 79,680
G - ALL MINERALS 40,392,620 N/A 40,392,620 40,392,620
J - ALL UTILITIES 35,588,420 N/A 35,588,420 35,588,420
L1 - COMMERCIAL PERSONAL 16,148,310 N/A 16,148,310 16,148,310
L2 - INDUSTRIAL PERSONAL 5,351,370 N/A 5,351,370 5,351,370
M1 - MOBILE HOMES 5,314,630 N/A 5,314,630 5,314,630
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 550,470 N/A 550,470 550,470
S - SPECIAL INVENTORY 1,113,230 N/A 1,113,230 1,113,230
Subtotal 889,352,366 889,352,366 889,352,366
Less Total Deductions 220,599,790 220,599,790 220,599,790
Total Taxable Value 668,752,576 668,752,576 668,752,576

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 694,504,625 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 668,752,576 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 694,504,625 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 668,752,576 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 723,594,625 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 694,504,625 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 668,752,576 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 694,504,625 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 668,752,576 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 723,594,625 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 25,752,049 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
LOSS_PREV_INCR_HMSTD 29,090,000 Loss to the second most recent increase in the state-mandated homestead exemption

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