taxes Property Tax Assistance

2017 ISD Summary Worksheet

117/Hutchinson

117-907/Spring Creek ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 596,590 N/A 596,590 596,590
B. Multi-Family Residences 2,188,140 1.0106 2,165,189 2,188,140
C1. Vacant Lots 29,440 N/A 29,440 29,440
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,262,620 .9449 5,569,266 5,262,620
D2. Real Prop Farm & Ranch 1,694,210 N/A 1,694,210 1,694,210
E. Real Prop NonQual Acres 1,548,650 N/A 1,548,650 1,548,650
F1. Commercial Real 161,440 N/A 161,440 161,440
F2. Industrial Real 31,500 N/A 31,500 31,500
G. Oil, Gas, Minerals 5,707,440 1.0011 5,701,169 5,707,440
J. Utilities 15,473,940 .7086 21,837,341 15,473,940
L1. Commercial Personal 0 N/A 0 0
L2. Industrial Personal 3,436,870 N/A 3,436,870 3,436,870
M. Other Personal 362,100 N/A 362,100 362,100
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 36,492,940 43,133,765 36,492,940
Less Total Deductions 791,834   791,834 791,834
Total Taxable Value 35,701,106 42,341,931 35,701,106 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
35,876,416 35,701,106 35,761,796 35,586,486


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
175,310 114,620


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
35,876,416 35,701,106 35,761,796 35,586,486

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