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2006 ISD Summary Worksheet

117/Hutchinson
117-907/Spring Creek ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 653,290 N/A 653,290 653,290
B. Multi-Family Residences 2,870,710 N/A 2,870,710 2,870,710
C. Vacant Lots 16,690 N/A 16,690 16,690
D. Rural Real(Taxable) 5,318,010 .8351 6,368,184 5,318,010
F1. Commercial Real 164,410 N/A 164,410 164,410
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 19,771,390 .9935 19,900,745 19,771,390
J. Utilities 5,646,510 .8331 6,777,710 5,646,510
L1. Commercial Personal 466,220 N/A 466,220 466,220
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 103,420 N/A 103,420 103,420
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 35,010,650 37,321,379 35,010,650
Less Total Deductions 594,155   594,155 594,155
Total Taxable Value 34,416,495 36,727,224 34,416,495 T2*

* This district is in year 1 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 2,392,240 .9327 2,564,855
Prod Value Qualified Acres 2,925,770 .7693 3,803,329
Taxable Value 5,318,010   6,368,184

*The taxable values shown here will not match the values reported by your appraisal district

NOTE: See the ISD Deduction Report for a breakdown of deduction values

SB4, Passed by the 1999 legislature, (section 403.302(J) and (K), Tax Code),requires the comptroller to certify alternative measures of school district wealth(T1, T3, and T4) in addition to the traditional measure(T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the division of state funding at the Texas Education Agency, Telephone #512-463-9238

T1 Loss To The Additional $10,000 Homestead Exemption T2 50% Of The Loss To The Local Optional Percentage Homestead Exemption T3 T4
34,684,515 268,020 34,416,495 87,360 34,597,155 34,329,135

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value after the loss to the additional $10,000 homestead exemption

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

The PVS found your taxable value to be invalid, but local value was certified because your school district is in year one/two of a grace period.

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