taxes Property Tax Assistance

2017 ISD Summary Worksheet

117/Hutchinson

117-904/Plemons-Stinnett-Phillips CISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 48,074,150 .9103 52,811,326 48,074,150
B. Multi-Family Residences 83,070 N/A 83,070 83,070
C1. Vacant Lots 2,148,840 N/A 2,148,840 2,148,840
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,571,160 .9426 11,215,237 10,571,160
D2. Real Prop Farm & Ranch 625,360 N/A 625,360 625,360
E. Real Prop NonQual Acres 7,994,060 .9327 8,570,880 7,994,060
F1. Commercial Real 3,652,410 N/A 3,652,410 3,652,410
F2. Industrial Real 784,265,270 N/A 784,265,270 784,265,270
G. Oil, Gas, Minerals 21,737,600 1.0119 21,481,965 21,737,600
J. Utilities 44,169,630 .8254 53,513,000 44,169,630
L1. Commercial Personal 3,379,260 N/A 3,379,260 3,379,260
L2. Industrial Personal 276,029,170 N/A 276,029,170 276,029,170
M. Other Personal 1,482,670 N/A 1,482,670 1,482,670
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 8,200 N/A 8,200 8,200
S. Special Inventory 291,850 N/A 291,850 291,850
Subtotal 1,204,512,700 1,219,558,508 1,204,512,700
Less Total Deductions 115,924,150   117,270,106 115,924,150
Total Taxable Value 1,088,588,550 1,102,288,402 1,088,588,550 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
1,094,537,720 1,088,588,550 1,090,845,040 1,084,895,870


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,949,170 3,692,680


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
1,131,644,190 1,125,695,020 1,127,951,510 1,122,002,340

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 invalid, but local value was certified because your school district is in year one of the grace period.