taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

117/Hutchinson

117-907/Spring Creek ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 629,000 N/A 629,000 629,000
B. Multi-Family Residences 2,196,590 N/A 2,196,590 2,196,590
C1. Vacant Lots 29,180 N/A 29,180 29,180
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,657,240 N/A 4,657,240 4,657,240
D2. Real Prop Farm & Ranch 1,482,760 N/A 1,482,760 1,482,760
E. Real Prop NonQual Acres 991,520 N/A 991,520 991,520
F1. Commercial Real 119,190 N/A 119,190 119,190
F2. Industrial Real 31,500 N/A 31,500 31,500
G. Oil, Gas, Minerals 27,164,100 N/A 27,164,100 27,164,100
J. Utilities 13,285,360 N/A 13,285,360 13,285,360
L1. Commercial Personal 14,800 N/A 14,800 14,800
L2. Industrial Personal 314,500 N/A 314,500 314,500
M. Other Personal 278,160 N/A 278,160 278,160
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 51,193,900 51,193,900 51,193,900
Less Total Deductions 532,168   532,168 532,168
Total Taxable Value 50,661,732 50,661,732 50,661,732 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
50,884,472 50,661,732 50,775,282 50,552,542 50,665,036 50,555,846


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
222,740 109,190


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
50,884,472 50,661,732 50,775,282 50,552,542 50,665,036 50,555,846

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