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2012 ISD Summary Worksheet

109/Hill

109-907/Itasca ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 47,437,019 1.0013 47,375,431 47,437,019
B. Multi-Family Residences 246,590 N/A 246,590 246,590
C. Vacant Lots 1,480,760 N/A 1,480,760 1,480,760
D. Rural Real(Taxable) 63,003,820 1.0125 62,228,028 63,003,820
F1. Commercial Real 7,700,150 N/A 7,700,150 7,700,150
F2. Industrial Real 2,282,930 N/A 2,282,930 2,282,930
G. Oil, Gas, Minerals 19,063,448 .9324 20,445,568 19,063,448
J. Utilities 27,921,450 .9161 30,478,605 27,921,450
L1. Commercial Personal 13,379,550 1.1724 11,412,103 13,379,550
L2. Industrial Personal 10,222,140 N/A 10,222,140 10,222,140
M. Other Personal 1,865,560 N/A 1,865,560 1,865,560
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 330,830 N/A 330,830 330,830
Subtotal 194,934,247 196,068,695 194,934,247
Less Total Deductions 21,814,710   21,781,793 21,814,710
Total Taxable Value 173,119,537 174,286,902 173,119,537 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 53,750,130 1.0125 53,086,548
Prod Value Qualified Acres 9,253,690 1.0123 9,141,480
Taxable Value 63,003,820   62,228,028

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
180,750,116 173,119,537 180,750,116 173,119,537 173,119,537 173,119,537


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,630,579 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
180,750,116 173,119,537 180,750,116 173,119,537 173,119,537 173,119,537

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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