taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

250/Wood

250-904/Quitman ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 135,061,135 N/A 135,061,135 135,061,135
B. Multi-Family Residences 4,645,760 N/A 4,645,760 4,645,760
C1. Vacant Lots 8,690,409 N/A 8,690,409 8,690,409
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,398,468 N/A 11,398,468 11,398,468
D2. Real Prop Farm & Ranch 6,409,810 N/A 6,409,810 6,409,810
E. Real Prop NonQual Acres 208,189,332 N/A 208,189,332 208,189,332
F1. Commercial Real 35,238,035 N/A 35,238,035 35,238,035
F2. Industrial Real 28,990 N/A 28,990 28,990
G. Oil, Gas, Minerals 107,789,090 N/A 107,789,090 107,789,090
J. Utilities 19,484,020 N/A 19,484,020 19,484,020
L1. Commercial Personal 10,444,840 N/A 10,444,840 10,444,840
L2. Industrial Personal 8,597,970 N/A 8,597,970 8,597,970
M. Other Personal 3,268,319 N/A 3,268,319 3,268,319
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,218,260 N/A 2,218,260 2,218,260
S. Special Inventory 72,510 N/A 72,510 72,510
Subtotal 561,536,948 561,536,948 561,536,948
Less Total Deductions 85,327,573   85,327,573 85,327,573
Total Taxable Value 476,209,375 476,209,375 476,209,375 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
499,369,170 476,209,375 499,369,170 476,209,375 483,210,096 483,210,096


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
23,159,795 0


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
499,369,170 476,209,375 499,369,170 476,209,375 483,210,096 483,210,096

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