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2011 ISD Summary Worksheet

117/Hutchinson

117-907/Spring Creek ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTAD Value Estimate 2011 Value Assigned
A. Single-Family Residences 614,370 N/A 614,370 614,370
B. Multi-Family Residences 2,197,940 N/A 2,197,940 2,197,940
C. Vacant Lots 48,310 N/A 48,310 48,310
D. Rural Real(Taxable) 7,108,070 .8110 8,764,505 7,108,070
F1. Commercial Real 118,900 N/A 118,900 118,900
F2. Industrial Real 31,500 N/A 31,500 31,500
G. Oil, Gas, Minerals 28,386,130 1.0162 27,933,606 28,386,130
J. Utilities 10,494,870 1.2616 8,318,698 10,494,870
L1. Commercial Personal 25,160 N/A 25,160 25,160
L2. Industrial Personal 415,170 N/A 415,170 415,170
M. Other Personal 308,530 N/A 308,530 308,530
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 49,748,950 48,776,689 49,748,950
Less Total Deductions 596,766   596,766 596,766
Total Taxable Value 49,152,184 48,179,923 49,152,184 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 2,774,630 .7577 3,661,911
Prod Value Qualified Acres 4,333,440 .8493 5,102,594
Taxable Value 7,108,070   8,764,505

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
49,391,794 49,152,184 49,293,194 49,053,584 49,155,742 49,057,142


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
239,610 98,600


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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
49,391,794 49,152,184 49,293,194 49,053,584 49,155,742 49,057,142

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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 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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