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2008 ISD Summary Worksheet

117/Hutchinson

117-907/Spring Creek ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 631,450 N/A 631,450 631,450
B. Multi-Family Residences 2,351,490 1.0587 2,221,111 2,351,490
C. Vacant Lots 49,030 N/A 49,030 49,030
D. Rural Real(Taxable) 5,725,500 .8242 6,946,838 5,725,500
F1. Commercial Real 118,900 N/A 118,900 118,900
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 33,087,410 1.0250 32,280,400 33,087,410
J. Utilities 9,493,410 .9598 9,891,029 9,493,410
L1. Commercial Personal 4,040 N/A 4,040 4,040
L2. Industrial Personal 393,170 N/A 393,170 393,170
M. Other Personal 87,140 N/A 87,140 87,140
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 51,941,540 52,623,108 51,941,540
Less Total Deductions 504,198   504,198 504,198
Total Taxable Value 51,437,342 52,118,910 51,437,342 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 2,301,760 .9426 2,441,927
Prod Value Qualified Acres 3,423,740 .7600 4,504,911
Taxable Value 5,725,500   6,946,838

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 (T1, T3, T4, T5 and T6) 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 T2 T3 T4 T5 T6
51,664,992 51,437,342 51,583,937 51,356,287 51,465,323 51,384,268


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
227,650 81,055


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 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

T5 = T2 Before the loss to the tax ceiling reduction

T6 = T5 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

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