taxes Property Tax Assistance

2016 ISD Summary Worksheet

112/Hopkins

112-901/Sulphur Springs ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 536,564,040 .9564 561,024,718 561,024,718
B. Multi-Family Residences 31,899,230 N/A 31,899,230 31,899,230
C1. Vacant Lots 12,921,150 N/A 12,921,150 12,921,150
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 16,485,370 .9764 16,884,225 16,884,225
D2. Real Prop Farm & Ranch 7,664,820 N/A 7,664,820 7,664,820
E. Real Prop NonQual Acres 226,196,850 .9090 248,841,419 248,841,419
F1. Commercial Real 209,261,020 .9432 221,862,829 221,862,829
F2. Industrial Real 39,802,230 N/A 39,802,230 39,802,230
G. Oil, Gas, Minerals 184,649 N/A 184,649 184,649
J. Utilities 47,003,771 N/A 47,003,771 47,003,771
L1. Commercial Personal 123,245,687 .9899 124,503,169 124,503,169
L2. Industrial Personal 180,882,177 N/A 180,882,177 180,882,177
M. Other Personal 8,706,470 N/A 8,706,470 8,706,470
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 784,140 N/A 784,140 784,140
S. Special Inventory 9,471,200 N/A 9,471,200 9,471,200
Subtotal 1,451,072,804 1,512,436,197 1,512,436,197
Less Total Deductions 240,389,669   250,574,213 250,574,213
Total Taxable Value 1,210,683,135 1,261,861,984 1,261,861,984 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
1,307,986,869 1,261,861,984 1,307,986,869 1,261,861,984


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
46,124,885 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
1,307,986,869 1,261,861,984 1,307,986,869 1,261,861,984

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

The PVS found your taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)