taxes Property Tax Assistance

2022 ISD Summary Worksheet

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 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 T13
694,504,625 668,752,576 694,504,625 668,752,576 723,594,625


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
25,752,049 0 29,090,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
694,504,625 668,752,576 694,504,625 668,752,576 723,594,625

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

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 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 T13
694,504,625 668,752,576 694,504,625 668,752,576 723,594,625


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
25,752,049 0 29,090,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
694,504,625 668,752,576 694,504,625 668,752,576 723,594,625

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement