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2012 ISD Summary Worksheet

109/Hill

109-914/Penelope ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 6,260,600 .9781 6,400,777 6,260,600
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 452,870 N/A 452,870 452,870
D. Rural Real(Taxable) 15,073,636 .9653 15,614,977 15,073,636
F1. Commercial Real 323,330 N/A 323,330 323,330
F2. Industrial Real 24,600 N/A 24,600 24,600
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 1,123,700 N/A 1,123,700 1,123,700
L1. Commercial Personal 512,340 N/A 512,340 512,340
L2. Industrial Personal 325,490 N/A 325,490 325,490
M. Other Personal 878,290 N/A 878,290 878,290
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 24,974,856 25,656,374 24,974,856
Less Total Deductions 4,031,413   4,131,567 4,031,413
Total Taxable Value 20,943,443 21,524,807 20,943,443 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 11,322,112 .9778 11,579,170
Prod Value Qualified Acres 3,751,524 .9296 4,035,807
Taxable Value 15,073,636   15,614,977

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
22,453,162 20,943,443 22,453,162 20,943,443 20,943,443 20,943,443


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,509,719 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
22,453,162 20,943,443 22,453,162 20,943,443 20,943,443 20,943,443

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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