taxes Property Tax Assistance

2020 ISD Summary Worksheet

117-Hutchinson

117-907/Spring Creek ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	598,900	N/A	598,900	598,900
B - MULTIFAMILY	2,188,140	1.0065	2,174,009	2,188,140
C1 - VACANT LOTS	30,210	N/A	30,210	30,210
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,299,449	0.8687	6,100,146	5,299,449
D2 - FARM & RANCH IMP	1,906,760	N/A	1,906,760	1,906,760
E - NON-AG LAND AND IMPROVEMENTS	1,131,130	N/A	1,131,130	1,131,130
F1 - COMMERCIAL REAL	232,280	N/A	232,280	232,280
F2 - INDUSTRIAL REAL	31,500	N/A	31,500	31,500
G - ALL MINERALS	6,784,939	0.9995	6,788,333	6,784,939
J - ALL UTILITIES	14,560,460	0.8539	17,051,716	14,560,460
L1 - COMMERCIAL PERSONAL	7,000	N/A	7,000	7,000
L2 - INDUSTRIAL PERSONAL	4,402,020	N/A	4,402,020	4,402,020
M1 - MOBILE HOMES	464,880	N/A	464,880	464,880
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	37,637,668	0	40,918,884	37,637,668
Less Total Deductions	847,239	0	847,239	847,239
Total Taxable Value	36,790,429	0	40,071,645	36,790,429

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
36,979,969	36,790,429	36,856,549	36,667,009

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
189,540	123,420

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
36,979,969	36,790,429	36,856,549	36,667,009

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 TWO OF THE GRACE PERIOD

117-907-02/Spring Creek ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	598,900	N/A	598,900	598,900
B - MULTIFAMILY	2,188,140	1.0065	2,174,009	2,188,140
C1 - VACANT LOTS	30,210	N/A	30,210	30,210
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,299,449	0.8687	6,100,146	5,299,449
D2 - FARM & RANCH IMP	1,906,760	N/A	1,906,760	1,906,760
E - NON-AG LAND AND IMPROVEMENTS	1,131,130	N/A	1,131,130	1,131,130
F1 - COMMERCIAL REAL	232,280	N/A	232,280	232,280
F2 - INDUSTRIAL REAL	31,500	N/A	31,500	31,500
G - ALL MINERALS	6,784,939	0.9995	6,788,333	6,784,939
J - ALL UTILITIES	14,560,460	0.8539	17,051,716	14,560,460
L1 - COMMERCIAL PERSONAL	7,000	N/A	7,000	7,000
L2 - INDUSTRIAL PERSONAL	4,402,020	N/A	4,402,020	4,402,020
M1 - MOBILE HOMES	464,880	N/A	464,880	464,880
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	37,637,668		40,918,884	37,637,668
Less Total Deductions	847,239		847,239	847,239
Total Taxable Value	36,790,429		40,071,645	36,790,429

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
36,979,969	36,790,429	36,856,549	36,667,009

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
189,540	123,420

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
36,979,969	36,790,429	36,856,549	36,667,009

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