Top navigation skipped
ceiling reduction
2019 ISD Summary Worksheet
117-Hutchinson
098-904/Spearman ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 236,260 | N/A | 236,260 | 236,260 |
| C1. VACANT LOTS | 2,890 | N/A | 2,890 | 2,890 |
| D1. QUALIFIED AG LAND | 4,853,122 | N/A | 4,853,122 | 4,853,122 |
| D2. REAL PROP:FARM & RANCH | 433,120 | N/A | 433,120 | 433,120 |
| E. REAL PROP NONQUAL ACREAGE | 1,652,580 | N/A | 1,652,580 | 1,652,580 |
| F2. INDUSTRIAL REAL | 575,000 | N/A | 575,000 | 575,000 |
| G. OIL,GAS,MINERALS | 2,517,400 | N/A | 2,517,400 | 2,517,400 |
| J. UTILITIES | 4,417,670 | N/A | 4,417,670 | 4,417,670 |
| L1. COMMERCIAL PERSONAL | 2,300 | N/A | 2,300 | 2,300 |
| M. MOBILE HOMES | 32,850 | N/A | 32,850 | 32,850 |
| Subtotal | 14,723,192 | 0 | 14,723,192 | 14,723,192 |
| Less Total Deductions | 723,832 | 0 | 723,832 | 723,832 |
| Total Taxable Value | 13,999,360 | 0 | 13,999,360 | 13,999,360 |
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 |
|---|---|---|---|
| 14,144,090 | 13,999,360 | 14,144,090 | 13,999,360 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 144,730 | 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 |
|---|---|---|---|
| 14,144,090 | 13,999,360 | 14,144,090 | 13,999,360 |
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
098-904-02/Spearman ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 236,260 | N/A | 236,260 | 236,260 |
| C1. VACANT LOTS | 2,890 | N/A | 2,890 | 2,890 |
| D1. QUALIFIED AG LAND | 4,853,122 | N/A | 4,853,122 | 4,853,122 |
| D2. REAL PROP:FARM & RANCH | 433,120 | N/A | 433,120 | 433,120 |
| E. REAL PROP NONQUAL ACREAGE | 1,652,580 | N/A | 1,652,580 | 1,652,580 |
| F2. INDUSTRIAL REAL | 575,000 | N/A | 575,000 | 575,000 |
| G. OIL,GAS,MINERALS | 2,517,400 | N/A | 2,517,400 | 2,517,400 |
| J. UTILITIES | 4,417,670 | N/A | 4,417,670 | 4,417,670 |
| L1. COMMERCIAL PERSONAL | 2,300 | N/A | 2,300 | 2,300 |
| M. MOBILE HOMES | 32,850 | N/A | 32,850 | 32,850 |
| Subtotal | 14,723,192 | 14,723,192 | 14,723,192 | |
| Less Total Deductions | 723,832 | 723,832 | 723,832 | |
| Total Taxable Value | 13,999,360 | 13,999,360 | 13,999,360 |
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 |
|---|---|---|---|
| 14,144,090 | 13,999,360 | 14,144,090 | 13,999,360 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 144,730 | 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 |
|---|---|---|---|
| 14,144,090 | 13,999,360 | 14,144,090 | 13,999,360 |
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 taxceiling 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