taxes Property Tax Assistance

2016 ISD Summary Worksheet

117/Hutchinson

117-907/Spring Creek ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 598,340 N/A 598,340 598,340
B. Multi-Family Residences 2,188,130 N/A 2,188,130 2,188,130
C1. Vacant Lots 29,200 N/A 29,200 29,200
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,173,570 N/A 5,173,570 5,173,570
D2. Real Prop Farm & Ranch 1,643,370 N/A 1,643,370 1,643,370
E. Real Prop NonQual Acres 1,092,690 N/A 1,092,690 1,092,690
F1. Commercial Real 127,690 N/A 127,690 127,690
F2. Industrial Real 31,500 N/A 31,500 31,500
G. Oil, Gas, Minerals 6,891,540 N/A 6,891,540 6,891,540
J. Utilities 17,328,590 N/A 17,328,590 17,328,590
L1. Commercial Personal 0 N/A 0 0
L2. Industrial Personal 286,770 N/A 286,770 286,770
M. Other Personal 358,660 N/A 358,660 358,660
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 35,750,050 35,750,050 35,750,050
Less Total Deductions 740,009   740,009 740,009
Total Taxable Value 35,010,041 35,010,041 35,010,041 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
35,174,341 35,010,041 35,066,361 34,902,061


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
164,300 107,980


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
35,174,341 35,010,041 35,066,361 34,902,061

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