taxes Property Tax Assistance

2016 ISD Summary Worksheet

250/Wood

250-904/Quitman ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 144,316,060 N/A 144,316,060 144,316,060
B. Multi-Family Residences 4,745,900 N/A 4,745,900 4,745,900
C1. Vacant Lots 9,707,909 N/A 9,707,909 9,707,909
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,519,932 N/A 11,519,932 11,519,932
D2. Real Prop Farm & Ranch 6,835,009 N/A 6,835,009 6,835,009
E. Real Prop NonQual Acres 223,865,751 N/A 223,865,751 223,865,751
F1. Commercial Real 33,899,171 N/A 33,899,171 33,899,171
F2. Industrial Real 26,910 N/A 26,910 26,910
G. Oil, Gas, Minerals 25,126,960 N/A 25,126,960 25,126,960
J. Utilities 17,871,000 N/A 17,871,000 17,871,000
L1. Commercial Personal 15,918,910 N/A 15,918,910 15,918,910
L2. Industrial Personal 7,781,740 N/A 7,781,740 7,781,740
M. Other Personal 3,066,219 N/A 3,066,219 3,066,219
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,632,660 N/A 1,632,660 1,632,660
S. Special Inventory 3,000 N/A 3,000 3,000
Subtotal 506,317,131 506,317,131 506,317,131
Less Total Deductions 120,067,555   120,067,555 120,067,555
Total Taxable Value 386,249,576 386,249,576 386,249,576 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
407,512,495 386,249,576 407,512,495 386,249,576


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
21,262,919 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
407,512,495 386,249,576 407,512,495 386,249,576

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 local value to be valid, and local value was certified