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2023 ISD Summary Worksheet
250-Wood/Wood County
250-904/Quitman ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 334,501,867 | 1.0138 | 329,948,577 | 334,501,867 |
| B - MULTIFAMILY | 7,364,200 | N/A | 7,364,200 | 7,364,200 |
| C1 - VACANT LOTS | 20,810,450 | N/A | 20,810,450 | 20,810,450 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 12,676,725 | 1.2034 | 10,533,700 | 12,676,725 |
| D2 - FARM & RANCH IMP | 6,790,324 | N/A | 6,790,324 | 6,790,324 |
| E - NON-AG LAND AND IMPROVEMENTS | 477,389,581 | 0.9687 | 492,814,680 | 477,389,581 |
| F1 - COMMERCIAL REAL | 80,007,955 | 0.9791 | 81,715,816 | 80,007,955 |
| F2 - INDUSTRIAL REAL | 1,171,370 | N/A | 1,171,370 | 1,171,370 |
| G - ALL MINERALS | 32,233,620 | N/A | 32,233,620 | 32,233,620 |
| J - ALL UTILITIES | 40,025,030 | N/A | 40,025,030 | 40,025,030 |
| L1 - COMMERCIAL PERSONAL | 25,187,390 | N/A | 25,187,390 | 25,187,390 |
| L2 - INDUSTRIAL PERSONAL | 6,704,070 | N/A | 6,704,070 | 6,704,070 |
| M1 - MOBILE HOMES | 6,714,530 | N/A | 6,714,530 | 6,714,530 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 660,510 | N/A | 660,510 | 660,510 |
| S - SPECIAL INVENTORY | 995,500 | N/A | 995,500 | 995,500 |
| Subtotal | 1,053,233,122 | 0 | 1,063,669,767 | 1,053,233,122 |
| Less Total Deductions | 401,163,853 | 0 | 396,714,266 | 401,163,853 |
| Total Taxable Value | 652,069,269 | 0 | 666,955,501 | 652,069,269 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 761,085,662 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 652,069,269 | 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 | 761,085,662 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 652,069,269 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 807,000,662 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 837,610,662 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 689,986,835 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 761,085,662 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 652,069,269 | 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 | 761,085,662 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 652,069,269 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 807,000,662 | T13 plus the loss to the chapter 313 agreement |
| T16 | 837,610,662 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 689,986,835 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 109,016,393 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 45,915,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 30,610,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED
250-904-02/Quitman ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 334,501,867 | 1.0138 | 329,948,577 | 334,501,867 |
| B - MULTIFAMILY | 7,364,200 | N/A | 7,364,200 | 7,364,200 |
| C1 - VACANT LOTS | 20,810,450 | N/A | 20,810,450 | 20,810,450 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 12,676,725 | 1.2034 | 10,533,700 | 12,676,725 |
| D2 - FARM & RANCH IMP | 6,790,324 | N/A | 6,790,324 | 6,790,324 |
| E - NON-AG LAND AND IMPROVEMENTS | 477,389,581 | 0.9687 | 492,814,680 | 477,389,581 |
| F1 - COMMERCIAL REAL | 80,007,955 | 0.9791 | 81,715,816 | 80,007,955 |
| F2 - INDUSTRIAL REAL | 1,171,370 | N/A | 1,171,370 | 1,171,370 |
| G - ALL MINERALS | 32,233,620 | N/A | 32,233,620 | 32,233,620 |
| J - ALL UTILITIES | 40,025,030 | N/A | 40,025,030 | 40,025,030 |
| L1 - COMMERCIAL PERSONAL | 25,187,390 | N/A | 25,187,390 | 25,187,390 |
| L2 - INDUSTRIAL PERSONAL | 6,704,070 | N/A | 6,704,070 | 6,704,070 |
| M1 - MOBILE HOMES | 6,714,530 | N/A | 6,714,530 | 6,714,530 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 660,510 | N/A | 660,510 | 660,510 |
| S - SPECIAL INVENTORY | 995,500 | N/A | 995,500 | 995,500 |
| Subtotal | 1,053,233,122 | 1,063,669,767 | 1,053,233,122 | |
| Less Total Deductions | 401,163,853 | 396,714,266 | 401,163,853 | |
| Total Taxable Value | 652,069,269 | 666,955,501 | 652,069,269 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 761,085,662 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 652,069,269 | 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 | 761,085,662 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 652,069,269 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 807,000,662 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 837,610,662 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 689,986,835 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 761,085,662 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 652,069,269 | 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 | 761,085,662 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 652,069,269 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 807,000,662 | T13 plus the loss to the chapter 313 agreement |
| T16 | 837,610,662 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 689,986,835 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 109,016,393 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 45,915,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 30,610,000 | Loss to Second Previous Homestead Increase |