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2012 ISD Summary Worksheet

093/Grimes

093-903/Iola ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 32,854,450 .9894 33,206,438 32,854,450
B. Multi-Family Residences 84,440 N/A 84,440 84,440
C. Vacant Lots 9,909,720 N/A 9,909,720 9,909,720
D. Rural Real(Taxable) 81,554,124 .9715 83,949,224 81,554,124
F1. Commercial Real 1,171,280 N/A 1,171,280 1,171,280
F2. Industrial Real 180,870 N/A 180,870 180,870
G. Oil, Gas, Minerals 82,134,304 .9974 82,348,410 82,134,304
J. Utilities 26,894,909 .9715 27,683,900 26,894,909
L1. Commercial Personal 2,514,658 N/A 2,514,658 2,514,658
L2. Industrial Personal 7,013,910 N/A 7,013,910 7,013,910
M. Other Personal 5,208,470 N/A 5,208,470 5,208,470
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 2,812,444 N/A 2,812,444 2,812,444
S. Special Inventory 0 N/A 0 0
Subtotal 252,333,579 256,083,764 252,333,579
Less Total Deductions 20,664,377   20,924,004 20,664,377
Total Taxable Value 231,669,202 235,159,760 231,669,202 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 77,077,904 .9724 79,265,636
Prod Value Qualified Acres 4,476,220 .9557 4,683,588
Taxable Value 81,554,124   83,949,224

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
238,046,992 231,669,202 238,046,992 231,669,202 231,669,202 231,669,202


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,377,790 0


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
238,046,992 231,669,202 238,046,992 231,669,202 231,669,202 231,669,202

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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