taxes Property Tax Assistance

2018 ISD Summary Worksheet

117/Hutchinson

117-907/Spring Creek ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 599,060 N/A 599,060 599,060
B. Multi-Family Residences 2,188,140 N/A 2,188,140 2,188,140
C1. Vacant Lots 60,740 N/A 60,740 60,740
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,295,200 N/A 5,295,200 5,295,200
D2. Real Prop Farm & Ranch 1,694,210 N/A 1,694,210 1,694,210
E. Real Prop NonQual Acres 1,541,360 N/A 1,541,360 1,541,360
F1. Commercial Real 65,880 N/A 65,880 65,880
F2. Industrial Real 31,500 N/A 31,500 31,500
G. Oil, Gas, Minerals 6,217,650 N/A 6,217,650 6,217,650
J. Utilities 15,608,070 N/A 15,608,070 15,608,070
L1. Commercial Personal 0 N/A 0 0
L2. Industrial Personal 4,133,790 N/A 4,133,790 4,133,790
M. Other Personal 387,750 N/A 387,750 387,750
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 37,823,350 37,823,350 37,823,350
Less Total Deductions 824,357   824,357 824,357
Total Taxable Value 36,998,993 36,998,993 36,998,993 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
37,184,303 36,998,993 37,059,763 36,874,453


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
185,310 124,540


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
37,184,303 36,998,993 37,059,763 36,874,453

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