taxes Property Tax Assistance

2017 ISD Summary Worksheet

250/Wood

250-904/Quitman ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 146,397,720 .8818 166,021,456 146,397,720
B. Multi-Family Residences 4,808,120 N/A 4,808,120 4,808,120
C1. Vacant Lots 10,277,699 N/A 10,277,699 10,277,699
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 11,044,333 .9161 12,055,795 11,044,333
D2. Real Prop Farm & Ranch 6,900,319 N/A 6,900,319 6,900,319
E. Real Prop NonQual Acres 232,984,741 .8361 278,656,549 232,984,741
F1. Commercial Real 35,840,590 .9599 37,337,837 35,840,590
F2. Industrial Real 26,910 N/A 26,910 26,910
G. Oil, Gas, Minerals 17,991,450 1.0017 17,960,916 17,991,450
J. Utilities 16,569,910 N/A 16,569,910 16,569,910
L1. Commercial Personal 19,293,410 N/A 19,293,410 19,293,410
L2. Industrial Personal 7,428,890 N/A 7,428,890 7,428,890
M. Other Personal 3,046,750 N/A 3,046,750 3,046,750
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,500,390 N/A 1,500,390 1,500,390
S. Special Inventory 551,620 N/A 551,620 551,620
Subtotal 514,662,852 582,436,571 514,662,852
Less Total Deductions 121,055,873   139,397,113 121,055,873
Total Taxable Value 393,606,979 443,039,458 393,606,979 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
414,865,406 393,606,979 414,865,406 393,606,979


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
21,258,427 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
414,865,406 393,606,979 414,865,406 393,606,979

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