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ceiling reduction
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 taxceiling 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