taxes Property Tax Assistance

2018 ISD Summary Worksheet

117/Hutchinson

117-904/Plemons-Stinnett-Phillips CISD

** This district is in year 2 of the grace period.


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 51,397,520 .8772 58,592,704 51,397,520
B. Multi-Family Residences 83,130 N/A 83,130 83,130
C1. Vacant Lots 2,164,360 N/A 2,164,360 2,164,360
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,749,040 .9315 11,539,506 10,749,040
D2. Real Prop Farm & Ranch 1,082,610 N/A 1,082,610 1,082,610
E. Real Prop NonQual Acres 8,462,620 .8307 10,187,336 8,462,620
F1. Commercial Real 4,177,920 N/A 4,177,920 4,177,920
F2. Industrial Real 804,509,490 N/A 804,509,490 804,509,490
G. Oil, Gas, Minerals 28,227,170 1.0293 27,423,657 28,227,170
J. Utilities 40,164,090 .9471 42,407,444 40,164,090
L1. Commercial Personal 5,367,620 N/A 5,367,620 5,367,620
L2. Industrial Personal 329,067,420 N/A 329,067,420 329,067,420
M. Other Personal 1,415,810 N/A 1,415,810 1,415,810
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 8,200 N/A 8,200 8,200
S. Special Inventory 271,850 N/A 271,850 271,850
Subtotal 1,287,148,850 1,298,299,057 1,287,148,850
Less Total Deductions 78,932,598   81,132,744 78,932,598
Total Taxable Value 1,208,216,252 1,217,166,313 1,208,216,252 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
1,208,216,252 1,208,216,252 1,204,199,742 1,204,199,742


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
0 4,016,510


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
1,208,216,252 1,208,216,252 1,204,199,742 1,204,199,742

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.