taxes Property Tax Assistance

2018 ISD Summary Worksheet

112/Hopkins

112-901/Sulphur Springs ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 570,312,110 .7851 726,419,704 726,419,704
B. Multi-Family Residences 33,581,450 N/A 33,581,450 33,581,450
C1. Vacant Lots 13,766,760 N/A 13,766,760 13,766,760
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 18,205,250 .9342 19,488,142 19,488,142
D2. Real Prop Farm & Ranch 2,147,320 N/A 2,147,320 2,147,320
E. Real Prop NonQual Acres 241,196,990 .8192 294,429,919 294,429,919
F1. Commercial Real 230,809,311 .7905 291,978,888 291,978,888
F2. Industrial Real 40,180,040 N/A 40,180,040 40,180,040
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 49,243,793 N/A 49,243,793 49,243,793
L1. Commercial Personal 124,856,375 1.0035 124,420,902 124,420,902
L2. Industrial Personal 175,110,134 N/A 175,110,134 175,110,134
M. Other Personal 9,315,560 N/A 9,315,560 9,315,560
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,647,781 N/A 1,647,781 1,647,781
S. Special Inventory 9,851,005 N/A 9,851,005 9,851,005
Subtotal 1,520,223,879 1,791,581,398 1,791,581,398
Less Total Deductions 232,257,534   296,995,928 296,995,928
Total Taxable Value 1,287,966,345 1,494,585,470 1,494,585,470 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
1,540,555,819 1,494,585,470 1,540,555,819 1,494,585,470


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
45,970,349 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
1,540,555,819 1,494,585,470 1,540,555,819 1,494,585,470

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

did not exceed the state value and:

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)