taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

117/Hutchinson

117-901/Borger ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 339,511,550 .9532 356,180,812 339,511,550
B. Multi-Family Residences 6,176,950 N/A 6,176,950 6,176,950
C1. Vacant Lots 4,687,170 N/A 4,687,170 4,687,170
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,134,950 .9032 1,256,645 1,134,950
D2. Real Prop Farm & Ranch 487,860 N/A 487,860 487,860
E. Real Prop NonQual Acres 4,315,210 N/A 4,315,210 4,315,210
F1. Commercial Real 81,556,040 .9257 88,102,020 81,556,040
F2. Industrial Real 70,197,900 N/A 70,197,900 70,197,900
G. Oil, Gas, Minerals 38,120,130 1.0069 37,858,904 38,120,130
J. Utilities 41,594,820 N/A 41,594,820 41,594,820
L1. Commercial Personal 45,782,060 .9934 46,086,229 45,782,060
L2. Industrial Personal 82,710,220 N/A 82,710,220 82,710,220
M. Other Personal 767,850 N/A 767,850 767,850
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 279,910 N/A 279,910 279,910
S. Special Inventory 1,962,280 N/A 1,962,280 1,962,280
Subtotal 719,284,900 742,664,780 719,284,900
Less Total Deductions 107,457,153   111,444,383 107,457,153
Total Taxable Value 611,827,747 631,220,397 611,827,747 T2

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
648,792,117 611,827,747 634,443,292 597,478,922 613,535,580 599,186,755


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
36,964,370 14,348,825


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
648,792,117 611,827,747 634,443,292 597,478,922 613,535,580 599,186,755

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified